The invention provides an implementation method of a multifunctional intelligent electronic
label management system based on cloud computation. A plurality of card swiping terminals, a plurality of labels, a physical
intelligent management system and a third-party
payment system are used. The method is implemented by virtue of an identify
identification device, an identity verifier, a collection device, a web portal and a cloud computation device. The identity
identification device is portable equipment with the functions of a noncontact intelligent card. The functions of the noncontact intelligent card are integrated into the portable equipment, thus, a card can be automatically and quickly swiped through the portable equipment; under the
processing capability of the portable equipment, a plurality of intelligent cards are integrated, so that 'one-card-multiple-services' can be really achieved. With the web portal, the scope of the services of the identity
identification device can be set, changed and canceled, therefore, the
payment and
verification of various identities can be achieved, such as small amount
payment, electronic
ticket, sign-in, and entrance guard, and the one-card-multiple-services can be achieved; the method is conveniently popularized, and the problem that one current card is inconvenient to operate due to the fact that only one function is fixed for one card; and the method saves a large quantity of resources, labor and cost.