What is GoalLine Technology. How it works?

A ball with chip implementing Goal-Line Technology is being considered by FIFA after the elimination of England and Mexico due to wrong decision by referee in the World Cup 2010. There was an international outcry after this incident and FIFA President Sepp Blatter apologized today.

"It is obvious that after the experiences so far at this World Cup it would be a nonsense not to re-open the file on goalline technology," Blatter said. But he made it clear that only goalline decisions and not video replays to determine offside and other match rulings would be discussed.

See the football that has intelligent goal line technology in action.
http://www.youtube.com/results?search_query=goal+line+technology&aq=f

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