Similar in concept to the standard barcode that appears on retail products, this code can allow access to virtually any type of stored information about products, services or organizations?

QR Code

Explanation:

Quick Response Code also known as the QR code is a very similar concept to standard barcodes used in retail industry. The QR code is different in a sense that it can be used virtually to access information that has been stored in relation to an organization or service or a product. The QR code was first introduced as a machine-readable bar code label in the Japanese automobile but with the advent of technology it has transformed into a virtual data transfer and is used for multiple purposes now.