Dynamic Intelligent Currency Encryption

rdf:langString Dynamic Intelligent Currency Encryption

rdf:langString Dynamic Intelligent Currency Encryption (DICE) is an AI-controlled security technology, which devaluates banknotes and assets remotely that have been stolen or are illegal. The cash security system that is based on identifiable banknotes, was invented and first introduced in 2014 by AI-specialised British-Austrian technology company .The system claims that its MRC or RFID-equipped banknotes and other securities are registered to a centralized and safe system and can be considered as unforgeable, which contributes to solve cash-related problems and helps in the fight against the black economy, crime and terrorism.One of the main goals of DICE is that the whole banking and retail sector, as well as all entities with regular cash circulation will participate in this passively controlled cash system.In a second note, the DICE procedure is meant to be an alternative to the abolition of cash by offering all benefits of a cashless economy, while driving down the global crime of violently obtaining cash.Similar to the IBNS, registered DICE banknotes that have been neutralized, cannot be brought back into circulation and can be directly linked to a crime related issue.