BARCODE TURNS 50
A LOOK AT THE TECHNOLOGY THAT CHANGED RETAIL FOREVER
Published By Livemint | 02 Apr, 2023
Barcode
Barcode will celebrate its 50th birthday on April 3, 2023
Credit : Freepik
Retail revolution
They have revolutionized retail by giving retailers the ability to trace products and better manage inventory
History
Barcodes were first patented by Norman Joseph Woodland and Bernard Silver in 1952 in the US
Credit : twitter.com/TnoiDoc
Chewing gum
On June 26, 1973, chewing gum became the first product to be scanned using a barcode
Credit : pexels
Global Standard 1
Barcodes are managed by an organization called Global Standard 1 which has around 2 million firms as its members
Credit : twitter.com/BarCodeandPOS
Trade item number
It provides companies with a global trade item number for each product that is translated into the barcode
Revenue model
Global Standard 1 charges companies up to $5000/year based on their revenue
QR code
QR or Quick Response codes are expected to replace barcodes in the coming future
Credit : unsplash
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