NCDEX implements RFID technology in accredited warehouses

National Commodity and Derivatives Exchange (NCDEX) today said it has begun implementation of Radio Frequency Identification (RFID) technology in the exchange-approved warehouses. RFID ensures that the commodities stored in the warehouses are tracked through radio frequency signals and the real-time information helps improve the efficiency and reliability of the storage and delivery operations at the warehouses, NCDEX said in a statement here. National Bulk Holding Corporation (NBHC) became the first warehouse service provider of NCDEX to implement RFID technology at MV Agro-Tech, its warehouse in Bikaner, Rajasthan.