$750m is the amount that global airline industry spends every year. You would be surprised to know that the amount is spent as compensation for baggage theft and mishandling at airports.
The main reason of baggage theft can be attributed to outdated barcode technology. Realizing this, the International Air Transport Association (IATA) has quite long decided to introduce RFID tags for airline asset tracking.
Denver, CO - RFID LTD has marched a step ahead in this regard. The company has launched its ‘BagChip‘ program that uses RFID technology to assist the airlines to track the baggage. A number of airlines including Delta Airlines, AMEX Airline Index are currently using the Denver RFID system.
