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 might contain germs as the pasteurization process was not done properly due to a equipment troubleshooting error
13 hours ago
The contestant came as close as possible to winning big, but had her heart broken in the end.
13 hours ago
Trump failed to address the affordability issue that voters care most about.
14 hours ago
He said that society is not quite ready for the pace at which AI is currently displacing workers.
16 hours ago
The recall affected products that were sold to customers in four states and in Canada.
16 hours ago
Those opposed to the changes believe Trump is politicizing the health of children.
18 hours ago
Bessent said that the proposition would be rolled out “in the coming weeks and months,” as a tool for working-class Americans left behind.
19 hours ago
“It’s a bad idea. We are very alarmed,” a financial source stated about the proposed move.
19 hours ago
A post on X could move trillions of dollars due to the power that retail investors hold
1 day ago
Despite a poor start, the contestant came close to winning the big prize.
1 day ago
The retailer had to face big losses as customers abused the no questions asked return policy.
1 day ago
The President is reportedly looking to pass tax breaks using reconciliation.
1 day ago
"Monetary policymakers would face tradeoffs between unemployment and inflation," Fed governor said.
1 day ago
Florida Hardware purchased these treats and distributed them to feed stores in Alabama, Florida, Georgia, North Carolina, and South Carolina.
1 day ago
The Democrats will make affordability a huge campaign issue ahead of the November elections.
1 day ago
He believes that the situation is similar to what the country witnessed before the 2008 crash.
1 day ago
A new report suggests the investment led growth had made the rich richer and put pressure on workers
2 days ago
The low-middle class of the country is feeling the crippling pressure of the affordability crisis
2 days ago
Thankfully, no illness or injury has been reported yet because of the foreign objects.
2 days ago
The OpenAI boss believes that it is impossible to scale such a model at this moment.
2 days ago