Tej Kohli Technology, The iBeacon

The iBeacon – Is a device which uses Bluetooth Low Energy (BLE)-powered 4.0 technology It is a transmitter which enables smart phones or other devices to perform actions when nearby. For instance, the iBeacon can transmit information to a phone and show notifications of items nearby that are on sale, and also enable payments at the point of sale so that customers do not have to get out their wallets to pay for items. Tej Kohli sees the iBeacon as a product that is most likely to have a positive impact on the retail industry by simplifying payments and enabling consumer offers.