Comprehensive system and method of universal real-time linking of real objects to a machine, network, internet, or software service

A method for monitoring the position of an object, the method comprising:

• securing a wireless tag to the object, the wireless tag including a first radio transceiver for transmitting and receiving radio frequency signals and a first controller controlling the transmission of radio frequency signals from the first radio transceiver;
• associating the wireless tag with an electronic device or external device, the electronic device including a second radio transceiver for transmitting and receiving radio signals and a second controller controlling the transmission of radio frequency signals from the second radio transceiver;
• selecting a profile for the wireless tag, the profile including at least one instruction to disable an alarm based on the occurrence of a predetermined condition;
• receiving a radio frequency signal transmitted by the first radio transceiver with the second radio transceiver and determining with the electronic device a position of the electronic device and a status based at least in part on a strength of the first radio frequency signal, the status indicating whether the distance between the first wireless tag and the electronic device exceeds, equals, or is less than either a predetermined distance or a predetermined range;
• transmitting data including the first identification, the position of the electronic device, and the status to the external device;
• and
• activating an alarm if the status exceeds a predetermined distance or predetermined range and if the profile has not disabled the alarm.

A system for tracking the position of an object, the system comprising:

• a wireless tag including a first radio transmitter and receiver system and a user interface including at least one input and at least one output;
• an electronic device include a second radio transmitter and receiver system in communication with the first radio transmitter and receiver system, a user interface including at least one output, a module for determining the position of the electronic device, a module for determining a status of whether the distance between the electronic device and wireless tag exceeds a predetermined distance or range, and a data transmitter for transmitting data including the position of the electronic device and status of the distance between the electronic device and wireless tag;
• and
• an external device receiving the data transmitted by the data transmitter and storing the data in a computer readable storage medium.