What is a real-time location system?
In this type, the location of the object or person tracked is pinpointed in an accurate way to the exact location. This calls for more sensitive hardware and is costlier too. This becomes useful in use cases like that of Inventory management.
In proximity based RLTS:
In this type, the location of the object or person tracked is tracked to an accuracy of a few square feet or within a zone. The advantage of these technologies is that they are cheaper to implement.
You can can research further on Google, and can go through some of the BOLT IOT similar project’s :
The use of Real-Time Location Solutions (RTLS) allows for the automatic identification and real-time tracking of the whereabouts of assets, patients and staff using ready-to-deploy or specially tailored digital technology solutions.