ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

What does QR code stand for? Its incredible history goes back further than you'd think

Initially, the standard QR code could store "up to 7,089 numeric characters, 4,296 alphanumeric characters, 2,953 binary bytes"
UPDATED AUG 12, 2024
Representative image | Unsplash | Photo by Mitya Ivanov
Representative image | Unsplash | Photo by Mitya Ivanov

What was invented for labeling automobile parts has become one of the essential things of the modern world. The importance of the QR code is often overlooked due to its abundance, especially in the post-Covid era. While QR has become a staple for "contactless" transactions of information and money, many don't know what the initials stand for, how it works, or who invented it. 

Representative image | Unsplash | Photo by Vizito Visitor Management
Representative image | Unsplash | Photo by Vizito Visitor Management

QR stands for “quick response” code. Essentially, it works like a barcode but it is much more capable. Barcodes only store information horizontally whereas a QR code stores information on both axes, vertical and horizontal. This enables the QR to hold over a hundred times more information than a simple barcode, as per Govtech Singapore. 

Representative image | Unsplash | Photo by Vizito Visitor Management
Representative image | Unsplash | Photo by Vizito Visitor Management

The two-dimensional matrix code was developed by Japanese engineer Mashiro Hara, who worked for DENSO, a Japanese manufacturer which contributed to the creation of the bar code. 

Hara and his team came up with the QR code in 1994 when the company was approached by automakers who needed something better than barcodes. Their clients complained that the barcodes were no longer capable enough to cater to their needs as they could hold only 20 characters of information each.

According to IFLScience, the automakers were thus, forced to use numerous bar codes on their boxes as their inventories grew. They argued that scanning multiple barcodes was highly inefficient for its workforce, and they needed something better. 



 

Thus, Hara and his team got to work. During the development process, an epiphany came when Hara, looked at a board of the strategic game "Go". Looking at the checkered matrix, it struck him that the arrangement could become a large mass of information, Hara told The Guardian in 2020. 

When they came up with the standard QR code, it could store "up to 7,089 numeric characters, 4,296 alphanumeric characters, 2,953 binary bytes," which was significantly more than a simple barcode.

Furthermore, it turned out to be extremely durable as it could be read by scanners even when the code was distorted or obscured.

The QR codes proved to be a huge success at Japanese car factories. However, their application went beyond and found a place in almost every industry, from finance and hospitality to tracking vaccinations during the pandemic. 

Photo illustration of the My Vaccine Pass QR code in Auckland | Getty Images | Photo Illustration by Phil Walter
Getty Images | Photo Illustration by Phil Walter

“I’m really pleased that it’s been used to help improve people’s safety. Back in 1994, we were focused on its use in the economy … we never thought it would be used for something like this,” Hara added in the Guardian report.  Now, Hara is set to take the QR code to another level. 

On his maiden visit to India last year, Hara revealed that he was working on the next version of the QR code. Speaking to reporters at the Ahmedabad Design Week 4.0, Hara said the new code will be called QR 2.0 and it will be very different from the present one. 

He said that, unlike decades-old black-and-white designs, QR 2.0 would have more colors and may even come in a rectangular shape. Hara said that the new code will also be able to store much more information than the standard QR, CNBC reported.

MORE ON MARKET REALIST
An insider claimed that these changes were meant to jazz up the newest season of the show.
12 hours ago
The pawn shop owner wanted to fix the car with his son, but failed to do one of the first things needed.
14 hours ago
The contestant's wife also stated what she wanted when it was her turn to answer.
17 hours ago
The funniest part of it all was that the shocked contestants were actually from New Jersey.
1 day ago
The entrepreneurs got him in to invest two of his buisnesses rather than one.
1 day ago
Jonathan Hugendubler pulled off a generational upset on the show to beat Scott Riccardi.
1 day ago
Steve Harvey saw an opportunity to turn it into a hilarious segment, and he was more than successful.
2 days ago
Mr. Wonderful seemed to have been highly impressed by the company and wanted a piece of it.
2 days ago
Her mother was a massive fan of the show and had passed away around the time her episode was taped.
2 days ago
The expert was also in awe of the one-of-a-kind item that was part of the set of medals.
2 days ago
Steve Harvey can be a ruthless game show host if the time calls for it.
3 days ago
The guest at one point might have even believed that his bill was worth a five-figure sum.
3 days ago
They had a tense moment in the end with a couple of the sharks but things worked out in the end.
3 days ago
The guest had hoped to get $40,000 and the guys from the pawn shop eliminated two zeroes.
3 days ago
The host could not believe it was one of the answers and could not help himself.
4 days ago
The necklace belonged to an American woman who made a name for herself in British politics.
4 days ago
The young entrepreneur had come up with an innovative idea for skateboards to be easier to carry.
4 days ago
The guest seemed to wear the necklace often and said that she won't after learning its value.
5 days ago
The guest had initially asked for a six-figure sum but Rick Harrison refused to go close to that.
5 days ago