In this paper we propose a secure ownership transfer protocol for a multi-tag and multi-owner RFID environment. Most of the existing work in this area do not comply with the EPC Global Class-1 Gen-2 (C1G2) standard since they use expensive hash operations or sophisticated encryption schemes that cannot be implemented on low-cost passive tags that are highly resource constrained. Our work aims to fill this gap by proposing a protocol based on simple XOR and 128-bit Pseudo Random Number Generators (PRNG), operations that can be easily implemented on low-cost passive RFID tags. The protocol thus achieves EPC C1G2 compliance while meeting the security requirements. Also, our protocol provides additional protection using a blind-factor to prevent tracking attacks
