Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do.

There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Sunday, 17 July 2016

Fak - e - Mon

In India , fake / counterfeit money , is a big problem , with hundreds of crores worth of fake currency notes ( mainly Rs 500 / 1000 ) , in circulation

In 2015 alone , 632,000 pieces of fake notes were seized ( may be 5 % of those in circulation )

Bank branches do have table-top machines to detect fake notes but for ordinary citizens , it is next to impossible to figure out whether a note is fake or genuine , despite introduction of some security features recently

Is it possible to enable ordinary citizens to detect a " forged / fake " note, in matter of seconds in a foolproof way ?

Yes . By taking cue from Shri Narendra Modiji's JAM ( Jan Dhan - Aadhar - Mobile )

Here is how :

#  A secret / hidden / unique Serial Number , to be embedded / printed, in the images of all Rs 500 / 1000
    currency notes, using Steganography ( art of " hiding in plain sight " ) . This could be IP V 6.0 URL number

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

#  Fak-e-Mon can also be downloaded from Android / Apple Stores

#  Fak-e-Mon can be activated by the phone-owner , only after entering his ,
    *  Jan Dhan account number ( J ) /   Aadhar Number ( A ) /    Mobile Number ( M )

#  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

Why would ordinary citizens take the trouble of using Fak-e-Mon ?

Sure , so that he does not get stuck with " fake " notes which no one accepts

Good incentive , but not enough !

But tell him the following and see what happens !

" Dear Citizen :

  Every time , your phone / Fak-e-Mon , transmits ( to the Central Server ) , an image of a FAKE currency note ,
  your Jan Dhan Bank Account will get credited as follows :

  *  Rs 5 / - for detecting / catching a Rs 500 fake note

  *  Rs 10 / for detecting / catching a Rs 1000 fake note

Still not good enough ? No problem

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 ?


18  July  2016

www.hemenparekh.in / blogs



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