Magnetic Information Platform
MIP is a vision of a magnetic data storage technology tailored for industrial applications and consumer products, to be used as a universal rewritable data carrier. This brings an advantage over competing technologies, such as barcodes, etc. Stored information in components can be updated during their life cycle. The information is not visible, and the medium has high temperature and chemical resistances. Hence, the stored data is inherently safe, reliable and suitable in many applications.