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Definition and Application of iAM - Essay Example

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The paper "Definition and Application of iAM" highlights that the fifth force is the intensity of rivalry among the competitors. Rivalry among the key competitors will be a threat and will affect the operations if consumers do not consider the value chains of the companies…
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Definition and Application of iAM
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Download file to see previous pages Near field communication (NFC) is defined as a set of standards that are used by smartphones in establishing radio communications between two gadgets through touching them or bringing them together at a closer distance. The recent technological advancements marked by increased developments of paying methods and electronic payments, near field communication have proved their effectiveness in facilitating payment options. Users who have this application on their smartphones can find it easy in replacing and choosing alternatives on through these applications. For instance, consumers with Smartphone that supports this application can replace the use of debit and credit cards with an electronic wallet.
Near Field Communication works in a close or short-range to enable it to define the set standards. Therefore, it requires the user to stay closer to enable radio communication between the two sets. It also works with a low-power wireless link that allows it to detect the gadgets that are communicating. Through this application, it is able to detect and allow access of the user or deny the user depending on the applications that are applied.
Near Field Communication is used in various platforms beyond just making payment transactions. One of its functions is to allow access through providing electronic identity and physical access control. Through this, it is able to permit only the authorized personnel in accessing a facility and locking or barring those not authorized. This works by allowing those who have the identity to have the access while denying access as it is not able to detect those who do not have remote access.
Another usability of this application is that it can be used in making transactions. In many cases, it can be used in guaranteeing and allowing for store transportation passes. This may be applied in big corporations that have interlinked their operations as well as access to the company buildings. Allowing passes is also possible in-car pickings, restricted driving areas among others. ...Download file to see next pages Read More
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