To cope with pollution, exhaustion of resources and new regulations extending producer responsibility, the original equipment manufacturers are working hard towards an efficient solution that solves those problems. We propose an RFID (Radio Frequency IDentification) based information system which incorporates large user memory banks of EPCC1G2 v2 standard to follow up lifecycle information about the product. We use hierarchical data models to minimize storage requirement while storing all information about the whole product structure including subassembly and end components. Later we can extract the information to utilize maintenance histories and chemical structure of each component. We also consider applicability of our system in XML hierarchical data structure for the possibility of internet usage.