Abstract: An insulation device for maintaining temperature of a process fluid equipment includes insulation material positioned on the process equipment and at least one RFID device located on or in the insulation material. Each RFID device can provide one or more functions such as identification of a blanket and monitoring of one or more parameters, such as environmental, mechanical, electrical, and operational parameters and conditions on piping, tanks, vessels and related process equipment. Information transmitted by the RFID device can be processed to provide temperature sensing, leak detection, a data logging/export function, and other functions. Operators of the process fluid equipment can use the RFID device information to monitor the system status and take corrective action if needed.