Could we be just one or two decades from fixing all security-related issues of cash techniques today? Daryl p Jori, Head of New Systems at EDAQS, a German-Austrian technology organization, says that could perfectly be the case.
Delaware Jori, a company analyst and money critic by history and well-known Hamburg centered economy researcher, Reimund Homann,along with a small group of scientists, specialists, and designers, have spent the last few years mastering and testing the cash security system DICE, their first hybrid item that unifies synthetic intelligence and the lifestyle, which they feel could reduce income crimes, as well as fixing all security-related difficulties of money systems nowadays, including passports and terrorism.
The creativity presents the ability for worldwide modify which will solve numerous traditional problems with one single program and will allow key and national banks to manage and analyze all income flow without interfering with the solitude of the citizen. It not just generates anti-counterfeit expenses but offers up initially in the history of cash an insurmountable protection.
Categorized as a semi-governmental project for the public benefit and labeled as a “Governmental Reformation Opportunity” (since a successful implementation could just be achieved through standard methods and with the support from governments), the technology is currently susceptible to negotiations with governments and national banks for a global implementation of the system.
The development of the DICE (acronym: Powerful Intelligent Currency Encryption) appeared from the unquestionable importance of an economic program that safeguards money while maintaining the highest level of protection and privacy. Contingent identifiable banknotes, ultimately with a custom-frequency and protected RFID or machine understandable requirements like Datamatrix, the DICE combines reliable and impressive systems that combine their benefits to incorporate them into an optimized security www.crypto-economy.net.
Beginning the identifiable banknote that attaches to an electronic digital security system to examine the banknote’s validity, an integral function can be the ability to devaluate banknotes that may have been stolen from a DICE individual or which are illegally circulating.
It is the goal of EDAQS that the whole banking and retail segment as well as all entities with standard cash flow will participate in the DICE system.So much, EDAQS has focused nearly all of their sources on avoiding money crimes and forgery, but also to truly save income from vanishing because it is occurring in Scandinavian countries.
But because of the recent number of outside appraisals, the DICE has been projected at an averaged valuation of $5.6 thousand and has ideas to omit a planned seeding method to straight away increase capital in a Series A financing, following undisclosed primary capital investors and EDAQS lobbyists showed curiosity to jointly take control the world wide implementation of the innovative and innovative banknote system. As part of the in the pipeline spin-off, the brand new organization can create two powerful market leaders with different models, companions, operating characteristics and industry dynamics.