Friday, 25 March 2016

Oracle has spoken


 
WHO   IS  THE   ORACLE ?

Sanjay Sarma ,

 {  https://en.wikipedia.org/wiki/Sanjay_Sarma  }

has a bachelor's degree from IIT Kanpur , his master's from Carnegie Mellon University and his PhD from the University of California , Berkeley

He has authored more than 75 academic papers in Computational Geometry, Sensing, Radio Frequency Identification ( RFID ), Automation and Computer Aided Design

He also serves on the boards of GS1 , EPCglobal , several start ups and edX , the not-for-profit set up by MIT and Harvard



He sent me following email on 25 March 2016 , after reading my suggestion below :

Dear Mr. Parekh,

Yes, placing tags on money has certainly been considered in the past.

I think it is a matter of time before it happens.

I do agree with your idea.

Having said that, as more and more transactions become digital (credit cards, bitcoin, Adhaar card, etc.) the need for tracking cash goes down — ironically as our ability to track it increases.

-Sanjay
 Sanjay Sarma , 35-206 MIT. 617 253 1925 (T). 617 253 7549 (F).
 Email : 'SESARMA@MIT.EDU'
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WHAT  DID  I  SUGGEST  ? 

NETWORK OF CURRENCY NOTES ?

( A Mobile App called, " BLACK-MAIL " )

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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 sensors

     Besides communicating with each other , these sensors 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 !


Here are the most important BYE - PRODUCTs :

*   No more possibility of fake / forged / counterfeit , currency notes !

*   Plastic currency notes will last 10 times longer !

    
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

Of course , RBI will need to allow 6 month's time to the owners of current paper currency notes of Rs 500 / 1000 , to get these exchanged with new plastic notes before withdrawal of the old notes from circulation

Now , would not that distribute the hidden , unaccounted wealth ! - a welcome fall out  !

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 "


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hemenparekh.in / blogs

26  March  2016

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Make    Yourself    Heard

Dear Visitor :

It is time for YOU to speak up - and demand that YOU are heard

By emailing this suggestion - incorporating your OWN improvements - to the following Policy Makers

(  Just multiple copy all the following Email IDs into the Recipient column of your Outlook and Copy / paste this suggestion in the Message Box ) :


    narendramodi1234@gmail.com; 38ashokroad@gmail.com;ajaitley@del5.vsnl.net.in; jayant.sinha19@sansad.nic.in;piyush.goyal@gov.in;nitin.gadkari@nic.in; spprabhu1@rediffmail.com;bandaru@sansad.nic.in;smritizirani@nic.in;nsitharaman@nic.in; ravis@sansad.nic.in;sureshprabhu@irctc.co.in;prakash.j@sansad.nic.in;secy-ipp@nic.in; amitabh.kant@nic.in; shaktikanta.das@nic.in; rsecy@nic.in; adhia1981@gmail.com; ceo-niti@nic.in; atul-chaturvedi@nic.in; uma.bharati@sansad.nic.in; d.pradhan@sansad.nic.in; rprudy.office@gmail.com; rudypr@rediffmail.com; eam@mea.gov.in; mosvks@mea.gov.in; mvnaidu@sansad.nic.in; mnaqvi@sansad.nic.in; rao.inderjit@sansad.nic.in; mljoffice@gov.in; sadananda.gowda@sansad.nic.in; ministerminority@gov.in; najmah@sansad.nic.in; minister-ca@nic.in; ramvilas.paswan@sansad.nic.in; gandhim@sansad.nic.in; akumar-alpha@sansad.nic.in; jpnadda@sansad.nic.in; hm.moca@nic.in; geete@sansad.nic.in; simratbadal@yahoo.com; ns.tomar@nic.in; rmsingh@sansad.nic.in; tc.gehlot@sansad.nic.in; dr.harshvardhan@sansad.nic.in   




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