Hi Matt,
Since Shotcode is not one of the available options for the IMAQ Read Barcode VIs, it looks like you will need to develop your own algorithm to read these. My suggestion would be to use the edge detection VIs to determine what blocks are present along various radial lines on the circle.
The difficulty will be figuring out how this information can be translated into the proper text. I have looked around, but I have not been able to find this anywhere, so it's possible that this may not be public information.
This site provides a tool for generating Shotcodes; you may be able to use this to reverse engineer the proper algorithm.
I hope this helps.
Rishee B.
Applications Engineer
National Instruments