NETWORK OF
CURRENCY NOTES ?
( A Mobile App called " BLACK-MAIL
" )
While inaugurating the International Conference on
" Networking the Networks " on Nov 2 , our FM Shri Jaitleyji said :
" Tax evasion and money laundering will become
extremely difficult in the next 1-2 years, with the global automatic exchange of
information system coming into effect on a real time basis "
To speed up this process and make it truly automatic /
real time , I suggest resorting to the following technologies :
# Internet of Things ( IoT )
As each currency note of Rs
500 / 1000 , is getting printed , embed it with microscopic
RFID chips
Besides communicating with
each other , these chips will also transmit their existence
location , through internet ,
to cloud-based servers of Income Tax Department
This will form a "
NETWORK OF CURRENCY NOTES ( NoC ) "
You may like to call this
Internet of Currency ( IoC ) , a sub-set of IoT !
# Internet Protocol Address System ( IP V
6.0 )
Each Rs 500 / 1000 currency
note must be assigned ( at the time of printing ) , its own
unique Internet Address ,
using IP V 6.0
This IP address should be
linked with the unique Serial Number printed on each note.
Since IP V 6.0 , will be
capable of assigning " 2 * 10 to the power of 128 ", no
of IP
addresses , there is no danger
of running out of addresses , even if we decide to extend
this idea to Rs 100 currency
notes !
This reform will enable the Central Government / Income
Tax Department , to :
* Continuously trace the movement of
each of these higher denomination currency notes
* Instantly locate any place ( using
Google Map based GPS ) , where there is an
accumulation of more than Rs 1
Crore worth of currency notes
Such accumulation will be made
to appear as a TAG CLOUD on the web site of IT Dept,
like thousands of balloons
floating on a map of India , capable of being drilled down to
within 1 Sq Meter !
On each balloon , will appear
a number announcing , " Amount of Cash here - Rs " !
This will vastly simplify the
task of Anti Corruption Dept / Enforcement Dept etc
But then such transparency might lead to break-down of
social order / chaos
It may be a better / safer / saner solution for such
balloons / tag clouds to appear , on a secret Mobile App , available only to
the officers of Enforcement Department ( ED )
You may want to call this app , " BLACK-MAIL
" !
Of course , my suggestions may become outdated with the
arrival of mobile wallets based CASHLESS SOCIETY , by 2030
In the meantime , should Shri Arun Jaitleyji and Shri
Ravi Shankar Prasadji , want this implemented , it can be done in 6 months , at
one tenth the cost of MoM ( Mars Orbital Mission ) , ie approx Rs 43 Crores
All they have to do , is to tell the bureaucracy :
" Since we need not depend upon Opposition
parties to pass a bill in Rajya Sabha , please go ahead and implement this - in
less than 6 months "
--------------------------------------------------------------------------------------------------
hemen parekh
06 Nov 2015
B2BmessageBlaster
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