Submission + - Nanotechnology to stop banknote fraud (itnews.com.au)
bennyboy64 writes: "A multi-million dollar nanotechnology tool to be launched in Australia next March could yield new anti-counterfeiting technology. Monash researcher Matteo Altissimo said Monash were in discussions about using the tool for improving banknote fraud prevention, but could not name the researchers or organisations involved due to non-disclosure agreements. The etching device will be housed in Monash University's upcoming Melbourne Centre for Nanofabrication (MCN), which will pay 1.5 million Euros (USD$2.2m) for the machine and an additional estimated $30,000 per year for related utilities. One example of EBL-related anti-counterfeit technology is Exelgram, which was developed by CSIRO in the 1990s and has been used in Hungrarian, Estonian and New Zealand bank notes, Ukranian visas and American Express travellers' cheques."