Homepage
PR Newswire
06-05-2013, 10:30 AM
New Smart Paper Could Put An End To Dark Money
Geoffrey Ingersoll | May 5, 2013, 12:28 PM | 3,798 | 16
inShare3
Email
More
100 dollar bill currency
NewMoney.gov
The new $100 bill
Scientists have developed paper containing ultra-thin, undetectable Radio Frequency Identification Chips (RFID), and in doing so may have taken a huge step towards ending "dark money" cash transfers.
"The technique could be used to prevent fraud as well as provide a new meaning to the term 'paper trail,'" reports the BBC.
"Dark Money" has been described in political terms as money that's not traceable, can affect political contests or motivations, and most importantly that the populace knows nothing about.
Oftentimes dark money trades hands via digital bank transfers — big trouble is, those leave a trail. There's a more secure kind of dark money: hard cash.
Recently, Afghanistan President Hamid Karzai admitted that the CIA gave him "grocery bags of cash" to the tune of millions of dollars. He also said Iran had done the same thing, though Iran's cash transfers to Karzai came in the form of Euros.
The new technology (still patent-pending) uses a laser beam's energy to transfer the transfer the chips into notes, according to the BBC. Such a technological revolution could help staunch the global flow of illicit cash.
As Jeremy Hsu of the tech blog IEEE Spectrum put it, "A simple act of cash changing hands could become a lot less private."
Read more: http://www.businessinsider.com/new-paper...z2STXfsvOL
Geoffrey Ingersoll | May 5, 2013, 12:28 PM | 3,798 | 16
inShare3
More
100 dollar bill currency
NewMoney.gov
The new $100 bill
Scientists have developed paper containing ultra-thin, undetectable Radio Frequency Identification Chips (RFID), and in doing so may have taken a huge step towards ending "dark money" cash transfers.
"The technique could be used to prevent fraud as well as provide a new meaning to the term 'paper trail,'" reports the BBC.
"Dark Money" has been described in political terms as money that's not traceable, can affect political contests or motivations, and most importantly that the populace knows nothing about.
Oftentimes dark money trades hands via digital bank transfers — big trouble is, those leave a trail. There's a more secure kind of dark money: hard cash.
Recently, Afghanistan President Hamid Karzai admitted that the CIA gave him "grocery bags of cash" to the tune of millions of dollars. He also said Iran had done the same thing, though Iran's cash transfers to Karzai came in the form of Euros.
The new technology (still patent-pending) uses a laser beam's energy to transfer the transfer the chips into notes, according to the BBC. Such a technological revolution could help staunch the global flow of illicit cash.
As Jeremy Hsu of the tech blog IEEE Spectrum put it, "A simple act of cash changing hands could become a lot less private."
Read more: http://www.businessinsider.com/new-paper...z2STXfsvOL
Quote:Question:
Will it be a better world? Who will benefit most? GOV or the population?
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
