The Prophet of Probability
==================
About Ray
Kurzweil ( Director of Engineering – Google ) , it is said that 86 % of his predictions about the shape of things in
future, has come true in 15 / 20 years
Nearer home , one can say that 90 % of the predictions about the shape of Indian Economy,
made by Shri Amitabh Kant ( CEO – NITI
Aayog ) , will come true
Except that in Dr Kant’s case , this could well happen in 5 / 10 years !
Example :
Today’s DNA , reports following :
“ Debit, Credit cards and ATMs will be
redundant in 4 years “
Niti Aayog CEO Amitabh Kant on Saturday said debit and credit cards as well as ATMs will be
redundant in next three-four years and people will use their mobile phones for financial
transactions.
"India will make credit cards, debit cards and ATMs technologically redundant in next 3-4 years and we all will be using mobiles for doing many transactions," Kant said at Amity University Noida campus where he was felicitated with an honorary doctorate degree.
"India will make credit cards, debit cards and ATMs technologically redundant in next 3-4 years and we all will be using mobiles for doing many transactions," Kant said at Amity University Noida campus where he was felicitated with an honorary doctorate degree.
=======================================================
For my own views
supporting this belief , read :
RIP , CREDIT CARD ? [ 21 Nov
2016 ]
=======================================================
Reincarnation of Smart Phone ( with SARAL app ) [
02 Dec 2016 ]
https://myblogepage.blogspot.in/2016/12/reincarnation-of-smart-phone-with-saral.html
=======================================================
When BHIM is here, can ARJUN be far away ? [
30 Dec 2016 ]
https://myblogepage.blogspot.in/2016/12/when-bhim-is-here-can-arjun-be-far-away.html
=======================================================
Wake Up , BHIM , Wake Up ! [
16 March 2017 ]
https://myblogepage.blogspot.in/2017/03/wake-up-bhim-wake-up.html
=======================================================
#Aadhar [ 28 Oct
2017 ]
https://myblogepage.blogspot.in/2017/10/aadhar.html
=======================================================
Allow me to add to this what Times of
India writes today :
“ Banking for Everybody , without banks
: BLOCKCHAIN “
HOW
Anyone with an internet connection and a
mobile phone can send, save and borrow money peer-to-peer . Low income people
could open small businesses and send money easily and cheaply
WHY THIS
HELPS
·
2 billion adults have no access to banks
·
Blockchain backers advocate its use for secure,
tamper-proof digital records
THE CATCH
Wide blockchain use will disrupt
existing industries . Also the poorest will need internet
access first
No doubt , as and when the
Blockchain-based financial transactions become universal in India , it may
neither be possible to generate NEW black money
or dispose off EXISTING piles of high
denomination currency notes
In absence of a TARGET DATE for
universal adoption of Blockchain ( since RBI is opposed to it ) , I urge NDA
government , once more to implement what is possible TO DAY , viz :
·
Embedding high currency notes with RFID
nano-chips ( as decided recently by the Australian Government ) , or
·
Using technology developed by Dr Shyam
Gollakota ( Associate Professor , University of Washington , USA ) ,
whereby
the metallic SECURITY THREAD in the
Currency Notes can be made to store the unique SERIAL
NUMBER of each currency note , AND a simple Smart Phone can read that
number and transmit that data to any government agency ( IT / ED / CVC / SFIO
etc )
It
is an INNOVATION which combines two existing technologies and can be
implemented by NDA government within a few
months !
Although I await confirmation from
Dr Gollakota re practical feasibility of
his technology, I am sure , he will fly down to Delhi if requested by Shri Jaitley or Shri Ravi Shankar Prasad
Future does not “ arrive “ to people who await its arrival with
folded hands
Determined / Passionate people leave no
stone unturned to “ reach “ there !
12 Nov 2017
www.hemenparekh.in / blogs
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