MoD agency explores ‘novel security features’ for banknotes

Written by Sam Trendall on 3 October 2019 in News
News

Government seeks input on possible new methods of protecting currency

Credit: PA/Mike Egerton 

The government is seeking “innovative ideas” for new technologies and methods that could help make banknotes more secure.

The Defence and Security Accelerator (DASA), which is part of the Ministry of Defence, has issued a challenge seeking researchers or companies that can submit an “innovation outline” for new ways to protect paper currency.

“Banknotes employ a range of overt features – such as holographic foils or optically variable coloured inks – to aid public or retailer authentication,” DASA said. “The Bank of England is now looking ahead and inviting ideas to develop novel, security features and print technologies for consideration for potential use in future generations of banknotes.”


Related content


The challenge is seeking technologies that are simple for industry and citizens to use and can communicate easily with other systems, as well as being hard-wearing and “difficult to counterfeit or simulate”. Ideas put forward must also be “compatible with high-volume printing techniques… [and] suitable for integration into a banknote design”.

The government is looking for existing products or ideas “at any level of maturity”. It is not interested in planned research, or any development related to technology already in use such as “holographic foils, lenticular lens features, or optically variable inks”.

“Public confidence in currency is directly related to the ability of the user to accurately and quickly authenticate a banknote,” DASA said.

Submissions are open until 31 March 2020.

 

About the author

Sam Trendall is editor of PublicTechnology

Share this page

Tags

Categories

CONTRIBUTIONS FROM READERS

Please login to post a comment or register for a free account.

Related Articles

Cyber resilience and the public sector
28 October 2020

The public sector must focus not only on attacks, but on how it responds and recovers from them, Zerto and Cyber Security Scotland told attendees at the recent Local Government ICT Summit

UK pins 'cynical and reckless' Olympic cyberattacks on Russia
20 October 2020

Government attributes 2018 campaign to Moscow and claims more assaults were planned for cancelled 2020 summer games

Related Sponsored Articles

Reimagining Employee Engagement
13 October 2020

Studies have shown that an engaged employee is happier, more productive, and more committed to their job. So how can we encourage employee engagement? Trickle suggests innovative solutions ...

Workspace, Not Workplace: How Agile Working Increases Productivity whilst Driving Engagement and Fostering Inclusivity
12 October 2020

2020 has been a year of unprecedented change for the UK public sector. Today’s agile working technology enables you to meet citizen needs in this challenging operating environment by empower your...