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
The product was distributed in several but no illness has yet been reported.
1 day ago
While most people disagreed with what the mall did, there were some who understood the reason.
1 day ago
People are seemingly having a hard time saving apart from their retirement funds.
1 day ago
“These people are working and contributing and helping to reduce the debt and deficit,” an economic expert said.
1 day ago
As per a provision in US laws, the IRS had no right to levy penalties in the pandemic years.
1 day ago
The US had sanctioned Russia heavily over its military exercise in Ukraine.
1 day ago
While gas prices have jumped, diesel prices have skyrocketed across the country, averaging at $4.78
2 days ago
Last year, Buffett stepped down as the CEO of Berkshire Hathaway.
2 days ago
Many who feel financially behind are embracing “financial nihilism,” placing bets on high-risk options instead of traditional investing.
2 days ago
It was one of the rarest instances in the show in which a contestant had won two cars in one episode
2 days ago
Housing search data flags a shift in buyer sentiment as Californians look beyond Las Vegas for cheaper housing.
2 days ago
The company is doing whatever it can to stay ahead of its competitors in the field of AI.
2 days ago
Industry leaders warn that the Iran conflict could push fertilizer costs higher and eventually drive food inflation.
2 days ago
This could lead to domestic migration of the wealthy from the state before the law takes effect
2 days ago
Karoline Leavitt says it won’t affect married women, but critics argue name-change documentation could create new barriers.
2 days ago
As regulators tighten rules and refineries shut down, the Golden State, also known as the ‘fuel island’, grapples with extremely high gas prices.
3 days ago
The answer isn't clear yet, but early signs point to his policy backfiring in a bad way.
3 days ago
Find out how to identify the affected products and what steps to take.
3 days ago
From skipping meals to avoiding driving, Americans have been backed into a corner financially.
3 days ago
The company followed the likes of Block and Oracle in axing thousands of jobs.
3 days ago