What is NFC and How it Can Create a Revolution in Changing Our Daily Lives

You all might have listened about NFC and might be you would be curious to know more about it.NFC or Near Field Communication is a new short range tool that works on wireless frequencies.It connects by any NFC antennae enabled phone to a reciever usually a feet away.By using this technology a consumer can just wave his smartphone for paying at retail locations.Still there are many challenges to safeguard the payment procedure or we can say that this technology is not fully baked.

It makes your life easier and more convenient as it can make transactions,exchange digital content and connect electronic devices with just a tap.
A standards-based connectivity technology, NFC harmonizes today’s diverse contactless technologies, enabling current and future solutions in areas such as:

• Access control
• Consumer electronics
• Healthcare
• Information collection and exchange
• Loyalty and coupons
• Payments
• Transport

Developers can learn more about NFC in the section on interoperability.

Key Benefits of NFC

NFC provides a range of benefits to consumers and businesses, such as:

• Intuitive: NFC interactions require no more than a simple touch
• Versatile: NFC is ideally suited to the broadest range of industries, environments, and uses
• Open and standards-based: The underlying layers of NFC technology follow universally implemented ISO, ECMA, and ETSI standards
• Technology-enabling: NFC facilitates fast and simple setup of wireless technologies, such as Bluetooth, Wi-Fi, etc.)
• Inherently secure: NFC transmissions are short range (from a touch to a few centimeters)
• Interoperable: NFC works with existing contactless card technologies
• Security-ready: NFC has built-in capabilities to support secure applications

NFC uses loosely coupled inductive circuits to exchange power and/or data over a short distance (usually about four cms.