Enhancing Privacy and Security in RFID-Enabled Banknotes

A novel and interesting application of RFID was a banknote attached a tag to determine the authenticity of money and to stop counterfeits. At Financial Cryptography 2003, Juels and Pappu firstly proposed a practical RFID banknote protection scheme (RBPS) by using the optical and the electrical (RFID) contacts. RFID-enabled notes can be tracked by the legal law agency and verified by the merchant. However, some effective attacks on the Juels-Pappu RBPS were subsequently proposed. In this paper, we enhance the Juels-Pappu RBPS to conquer such attacks.

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