chicksdaddy writes "Security Ledger brings news that the Norwegian firm, ThinFilm has successfully tested a printable electronics component that it claims is the first, fully-functional 'smart' label. The company claims its disposable Smart Sensor Label can track the temperature of perishable goods and is a 'complete closed system built from printed and organic electronics.' Smart Sensor is being marketed to pharmaceutical makers as a way to keep temperature-sensitive drugs and to food wholesalers, which can track the temperature their product is kept at throughout the supply chain. When 'critical temperature thresholds are reached, the Smart Sensor label will change to indicate that using an integrated display driver. Such labels could make it possible to easily monitor the condition of large quantities of product, keeping it safe and effective and preventing perfectly usable products from being destroyed. But the possible applications of printable electronics are huge: they can be produced for a fraction of the cost of comparable technologies because they don't need to be assembled. And, because they're flexible and paper-like, they can be deployed pretty much anywhere you can stick a label — something ThinFilm's CEO says could provide an extensible platform for the much-ballyhooed 'Internet of Things.'"