It seems that the European Union is taking a lenient approach towards the controversial RFID technology. Instead of forcing the citizens to adopt RFID hurriedly or by pressure, the Union gives them full freedom to think of its advantages and disadvantages.
The European Commission, an executive body of European Union has decided to formulate laws on RFID after consulting citizens, scientists, data protection experts and manufacturers.
Viviane Reding, European Commissioner confirms,
There will be no new regulations, but we will clarify how existing regulations apply to the technology.
Admitting security concerns of RFID technology, she says that the current privacy law is enough to deal the situation. She adds,
If the industry goes for it by self-regulation and by looking at what we got already.
RFID as a technology is in full swing in European markets accumulating revenue of £ 500 million and the market is expected to touch nearly £ 7 billion in the next ten years. Therefore, the regulatory body does want to unnecessarily interfere into the market by enforcing laws.
