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@Dutch_Cheese
In NL, the majority of (city, touring, commuting) bikes has a ring lock with a chip built in. This chip is read out and put into a database at the end of the assembly line of the bike factory. Database goes to gouvernment and police. The owner of the bike get a booklet with key code and chip number (bar code).
Unfortunately, the police (and bike dealers) cannot afford to buy scanners to read out chips of stolen and non-stolen bikes...
So, nice idea, nice job, bad result. After all a marketing gimmick of lock manufacturers, insurance, and bike companies.