A method for continuous asset verification using at least one radio frequency identification tag for at least one piece of well equipment comprising: writing information about the well equipment into a transportable data storage device; engaging the transportable data storage device with a controller forming a smart controller; encoding the information onto at least one radio frequency identification tag; removably attaching the radio frequency identification tag to the well equipment; transporting the well equipment with the smart controller to a site and scanning the well equipment with the smart controller during at least one predefined interval during transport; and writing the stored scanned radio frequency identification tag information from the transportable data storage device to data storage in communication with a third processor.