Philips and Sony have linked up with Nokia in a bid to forge a standard for swapping multimedia content between mobile phones and home-entertainment systems. The standard will be developed by the NFC Forum, the brainchild of the three companies. NFC, which stands for Near Field Communication, refers to the technology that will enable multimedia files to be transferred wirelessly over short distances. For example, MP3 audio files pulled down off of a set-top box could be transmitted to a cell phone.
Essentially NFC can be thought of as a kind of Wi-Fi for consumer electronics.
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