Monday, 31 December 2018

RBI : DOING SOMETHING FOR THE BLIND


Start Up  !  Make  a  Difference  !

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Today’s Business Today carries following news report :




Highlights  :

·      There are about 80 lakh blind or visually impaired people in the country, who are likely to benefit from the initiative of the central bank.

·      The device/mechanism should be able to identify the denomination of a banknote with handheld operation, when the banknote is held in front of it / near it / inserted in it / scrolled across it, within a few seconds (preferably 2 seconds or less) and read out in English/Hindi the denomination, said the tender document.


·      In case of a software-based solution, the document said: "The solution can be either total software based capable to run on mobile phones or hardware driven or a combination of both... ."

·      Also, it should not require a data connection and should function in offline mode, as per the document.


·      In the case of a hardware-based solution, the device "should be battery operated, rechargeable, small and handy" for ease of operation and should not require additional light source including daylight

·      The tender document also said it should be amply made clear to the user that the device/mechanism does not authenticate the genuineness or otherwise of the banknote and the user may ascertain the same separately.

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Dear Start Up :


Here is your opportunity of a lifetime . Carpe  Diem  !


On 17 July 2016 , I had sent following email to Cabinet Ministers / NITI Aayog etc – although it was in the context of the menace of fake notes :

Fak - e - Mon 

 



Highlights :

·      Govt to develop a mobile app , to be aptly called , " Fak-e-Mon " and insist its pre-install on all smart phones

·      Whenever presented with a Rs 500 / 1000 note for payment , a citizen simply takes a photo of that note with his mobile . He has to do nothing more !


·      Fak-e-Mon transmits that photo to the Central Server of the Treasury which has the MASTER DATABASE of  those unique Serial Numbers of Rs 500 / 1000 currency notes


·      Software compares the Serial Number sent ( as photo )  with the Database and determines whether that note is Genuine or Fake


·      This information is instantaneously relayed back to the sender and appears as a GREEN dot ( for genuine note ) or RED dot ( for fake note ) , on his mobile , so that he can refuse to honour it !


·      Fak-e-Mon also transmits the GPS location of the place of transaction , to figure out " where " are these fake notes entering the circulation


·         Central Server records / logs , full details of ALL the good and ALL the fake notes processed through each Fak-e- Mon / mobile phone , to develop CURRENCY VELOCITY and CURRENCY MAP of India


·      Just print those unique / hidden Serial Numbers on currency notes with INK containing RFID micro-sensors

     ( Yes , these are nano-scale , so no problem to flow with ink ! )



·      Then tell millions of unemployed young Indians :

     "Go out on the streets of your city with your GPS / NFC enabled and Fak-e-Mon
      installed smart phones


          As you keep walking , now and then , on your mobile's screen , you will see images
          of FAKE currency notes popping up , out of the pockets of total strangers ! Just touch

          those images and earn Rs 10 !

         (of course, instantly deposited in your Jan Dhan Bank Account ! Only DBT - no cash )


·      Pokemon is so passe !  Fak-e-mon is THE FUTURE !

     Is anyone listening ?


   
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Dear Start Up,


In the 30 months since I sent this email , technology has made huge strides ( AI – ML – Big Data etc )


It should not be too difficult for you to modify my suggestion so that :


#   It is useful , not only for blind persons but also for seeing persons

#   It recognizes the “ Denomination “ ( from Serial Number ) and loudly announces it

#   It need not be used / activated “ consciously / deliberately “ by any one.  Using
     BlueTooth / NFC , it  will “ figure out “ the total number of high denomination notes
     on the person of the user and relay that data to the central server of IT Dept / ED
     etc  [  End of BLACK  MONEY  / CORRUPTION  ]


    
    To know how this technology works , read :

           To Catch Black Money , Ask Google ?         [  13  Dec  2016  ]



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31  Dec  2018
   



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