Cash Handling System Digital Ownership Transfer

Solution Overview

Problem

The challenge lies in securely and efficiently transferring large amounts of cash between banks while minimizing transportation distance and cost, as the number of source and destination bases increases and the distance between them grows, posing security and logistical concerns.

Innovation Solution

A cash handling system that uses a cash handling apparatus to generate data including serial numbers and attribute information of banknotes, allowing a management apparatus to transfer ownership without physical movement, by authenticating and managing the banknotes between commercial and central banks.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If cash is physically transported between banks to transfer ownership, then security can be ensured through tracking serial numbers, but transportation cost and security risk increase with distance and number of bases

Engineering Contradiction:

ImprovesecurityVSAvoidtransportation cost

Core Design Contradiction:

ReliabilityVSLoss of energy

Solution Approach 1:

The patent creates a digital copy (cash data including serial numbers and attribute information) of the physical cash to represent ownership. This digital representation can be transferred electronically without moving the physical banknotes, eliminating transportation costs while maintaining security through cryptographic verification of the cash data authenticity

Inventive Principle:

Principle #26Copying

Solution Approach 2:

The patent replaces the mechanical system of physical cash transportation with an information-based system. Ownership transfer is achieved through electronic data transmission and cryptographic verification rather than physical movement, substituting mechanical logistics with digital information processing

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

2Reliability

If cash is physically transported between banks, then ownership transfer can be verified through serial number tracking, but the process becomes complex and time-consuming

Engineering Contradiction:

Improveownership verificationVSAvoidtransportation management complexity

Core Design Contradiction:

ReliabilityVSDevice complexity

Solution Approach 1:

The patent creates a digital copy (cash data including serial numbers and attribute information) of the physical cash to represent ownership. This digital representation can be transferred electronically without moving the physical banknotes, eliminating transportation costs while maintaining security through cryptographic verification of the cash data authenticity

Inventive Principle:

Principle #26Copying

Solution Approach 2:

The patent introduces a management apparatus as an intermediary that handles the complex verification and ownership transfer processes. This centralised system manages cash data registration, verification, and ownership transfer, simplifying the overall system by consolidating complex verification logic in a single intermediary component

Inventive Principle:

Principle #24Intermediary (Mediator)

3Reliability

If cash is physically transported between banks, then security can be maintained through physical control, but the time required for transportation increases

Engineering Contradiction:

ImprovesecurityVSAvoidtransportation time

Core Design Contradiction:

ReliabilityVSLoss of time

Solution Approach 1:

The patent creates a digital copy (cash data including serial numbers and attribute information) of the physical cash to represent ownership. This digital representation can be transferred electronically without moving the physical banknotes, eliminating transportation costs while maintaining security through cryptographic verification of the cash data authenticity

Inventive Principle:

Principle #26Copying

Solution Approach 2:

The patent replaces the mechanical system of physical cash transportation with an information-based system. Ownership transfer is achieved through electronic data transmission and cryptographic verification rather than physical movement, substituting mechanical logistics with digital information processing

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

Data Source

PatentUS12260697B2Cash handling system and cash handling method

Publication Date: 2025.03.25 GLORY LTD

AI summary

In order to facilitate transfer of ownership of a huge amount of cash between a plurality of bases, a cash handling system includes: a cash handling apparatus configured to handle banknotes whose ownership is to be transferred between a first owner and a second owner, and generate cash data including serial numbers of the banknotes and attribute information regarding whereabouts of the banknotes; and a management apparatus configured to obtain the cash data from the cash handling apparatus, perform a process of transferring the ownership of the banknotes from the first owner to the second owner if the attribute information satisfies a condition that allows the second owner to own the banknotes, and perform a process of transferring the ownership of the banknotes from the second owner to the first owner on condition that the attribute information satisfies a condition that allows the first owner to own the banknotes.