"We’re going to maker sure everyone that’s in the business of currency and counterfeiting knows we exist and hope to get some good clients," Worthington said.
"We’re going to show how we can actually embed code into physical money... or credit cards. Right now credit card systems have a little chip in it. Believe it or not, that chip can easily be hacked or copied. So we’re going to show how (RAIDAtech) can create systems that cannot be counterfeited and we feel that’s going to be a big value," Worthington said.
Worthington and Cefail also discussed how RAIDAtech can provide solutions for counterfeiting of physical goods--such as high-end handbags by using Bluetooth and Near Field Communication (NFC) technologies.
"When you purchase the handbag you would, at the checkout counter, use your cell phone to take ownership of it. You would password-own it, pown it. You would change all the codes so that you are the only one who knows it. This chip that’s in the purse would then broadcast, every six seconds, the authenticity information about your purse. You would then download an app that is used to authenticate anything, including CloudCoins, which would pick up this signal and it would tell you that (the handbag) is authentic," Worthington said.
RAIDAtech is a separate entity from the CloudCoin Consortium, although some people are involved with both. The Consortium expects RAIDAtech's success will boost the utility (and therefore value) of CloudCoin, as most applications will use CloudCoins in some way.
