Abstract: A method is provided for tracking the position of an object (150). The method comprises receiving magnetic field data from one or more sensors (122) disposed within a base (120). The sensors are configured to detect the magnetic field emanating from a magnet (112) on or within the object or an object module (150a) housed in the object. The method further comprises determining an actual position of the object relative to the base based on the magnetic field data from the sensors. The method also comprises generating a corresponding virtual position of the object based on the magnetic field data for displaying electronically. A system for carrying out the method is also provided.