An iBeacon compatible Bluetooth low energy device based system for monitoring objects includes a plurality of devices, a plurality of managers, and a manufacturer. Devices are attached to objects or integrated into the objects. The devices may be used for positional tracking only, or may include one or more sensors for measuring or monitoring a characteristic of the object. A device manufacturer commissions the devices with unique majors and minors. Each device is then associated with a device manager, and the device transmits messages to the manager when the device is within range of the manager. The manager determines characteristics of the object as a function of the received messages and a location (e.g., GPS coordinates) of the manager.