Dynamic intelligent currency encryption
AI-controlled security technology for banknote and asset systems
Dynamic intelligent currency encryption (DICE) is a technological concept designed to enhance the security of paper currency. The system tracks and monitors banknotes in circulation using identifiable characteristics, allowing for the remote devaluation of banknotes involved in fraudulent activities or criminal transactions. Developed in 2014 by the British-Austrian technology company EDAQS, DICE involves the use of Machine Readable Codes (MRC) or radio-frequency identification (RFID) tags embedded in banknotes. These banknotes are then registered to a centralized system to increase security and reduce the risk of forgery tags. These banknotes are then registered to a centralized system, purportedly rendering them secure and resistant to forgery.
The primary objective of DICE is to engage the banking and retail sectors in a system where cash circulation is passively monitored and controlled. Additionally, DICE aims to serve as an alternative to the complete elimination of physical currency, offering benefits similar to a cashless economy, such as reducing cash-related crimes, without entirely removing cash from circulation.
DICE has similarities to Intelligent Banknote Neutralisation Systems (IBNS). Banknotes neutralized under the DICE system are intended to be permanently withdrawn from circulation and can be linked to specific criminal incidents.
Concept
The DICE system relies on businesses and individuals who handle cash registering banknotes through connected readers known as DICE clouds.
This brief starts where responsible research should: with the source description of “Dynamic intelligent currency encryption” as aI-controlled security technology for banknote and asset systems. Everything that follows is an evidence route, not borrowed authority.
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The subject matters to the science & nature register because the source frames it as aI-controlled security technology for banknote and asset systems. Its deeper value depends on whether names, dates, institutions and citations support that framing.
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This entry incorporates text from “Dynamic intelligent currency encryption” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.