'Intelligent Counting' Counts Cash and Finds Fakes
Michael Hines — February 25, 2011 — Tech
References: yankodesign
I can think of a few legal and illegal occupations that would find 'Intelligent Counting' extremely useful. 'Intelligent Counting' is a currency-counting thumb ring from designer Yitu Wang that is also doubles as a counterfeit currency detector.
'Intelligent Counting' is designed to work with the technology already embedded in currency to help fight fraud. I'm all for fighting fraud and I could really see this device taking off in banks. Check it out here.
'Intelligent Counting' is designed to work with the technology already embedded in currency to help fight fraud. I'm all for fighting fraud and I could really see this device taking off in banks. Check it out here.
Trend Themes
1. Currency-counting Wearables - The rise of currency-counting wearables presents an opportunity for technology companies to disrupt the financial industry with innovative anti-fraud solutions.
2. Intelligent Authentication Technology - The development of intelligent authentication technology such as 'Intelligent Counting' presents an opportunity for businesses to combat fraudulent activities in various industries such as retail, hospitality, and transportation.
3. Blockchain-enabled Anti-counterfeit Solutions - The adoption of blockchain-enabled anti-counterfeit solutions presents an opportunity for businesses to provide secure and transparent systems that can prevent fraudulent activities in various industries such as pharmaceuticals, luxury goods, and electronics.
Industry Implications
1. Banking - The introduction of currency-counting wearables such as 'Intelligent Counting' presents an opportunity for banks to improve their efficiency while reducing the risks of fraud.
2. Retail - The adoption of intelligent authentication technology presents an opportunity for retailers to address security concerns such as card skimming and counterfeit bills while enhancing the customer experience.
3. Pharmaceuticals - The implementation of blockchain-enabled anti-counterfeit solutions presents an opportunity for pharmaceutical companies to improve drug safety by preventing the proliferation of fake drugs in the market.
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