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potential cipher called a punch tape.
However its only a 5 column tape and there
is a theory that 'layering' it can provide a method of cryptography.
https://www.codesandciphers.org.uk/index_files/colmk2d/Bedstead.htm
https://cryptomuseum.com/crypto/ussr/m105/index.htm
I tried giving it a go - by grouping the colors but didn't get much further than this spreadsheet.