QR is something which you can see in every shop these days, from street vendors to big malls making a transaction has become easier.
But what exactly is this QR technology? and how has it been proven beneficial for us?
What is a QR code?
The QR stands for “quick response.” it is a two-dimensional barcode that stores a large amount of information than a simple barcode.
It was first launched in 1990 by the Japanese firm ‘Denso Wave’. Earlier QR codes were mainly used in the automobile sector for production, tracking, and shipping. But with time other industries also adopted it.
How does QR Technology work?
The QR code comprises of patterns that feature binary codes which can be interpreted to discover the code’s data.
It works in the same way as the barcode at the general store. The QR code has a number of black codes and dots that display certain pieces of information. You just need to scan this code via your smartphone, and that unique pattern will convert that information into human-readable data.
Top benefits of using QR
Payment on the spot
Compared to other modes of payment, making transactions via QR code is extremely fast. The user just needs to open his payment app that has a QR feature, scan the QR code, and confirm to process the payment. It won’t take long for the transaction to be finished.
QR code-based transactions are highly secured because the QR code itself is nothing more than a tool utilized to exchange information. The payment process that takes place via QR codes is highly secured because the data that is transferred is encrypted.
Simple to setup
There is no sophisticated infrastructure required for setting up QR code payments. The user merely needed a smartphone with a camera and a QR code, which might be in printed or electronic form.
The necessity of point-of-sale machines or any other equipment has been completely eliminated by QR code-enabled payments.
QR code-enabled payments are a highly secured mode of transaction because they reduce the chances of any kind of error.
The pattern in a form of black boxes contains unique data that improves the reliability of QR code payments.
Different types of QR codes
There are generally two types of QR codes dynamic and static
As implied by the name this is the type of QR code in which any sort of change or modification in the stored data cannot be done.
Some of its uses are WIFI passwords, URLs, texts, linking email addresses, etc.
The opposite of static is the type of QR code in which changes and modifications in the content are possible. And storing more data is also possible, even after you printed it on paper. Dynamic QR codes provide access to real-time scan monitoring and the locations of scans.
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