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.
=================================
For my own views supporting this belief , read :
RIP ,CREDIT CARD ? [ 21 Nov
2016 ]
=================================
Reincarnationof Smart Phone ( with SARAL app ) [
02 Dec
2016 ]
https://myblogepage.blogspot.com/2016/12/reincarnation-of-smart-phone-with-saral.html
=================================
WhenBHIM is here, can ARJUN be far away ? [
30 Dec 2016 ]
https://myblogepage.blogspot.com/2016/12/when-bhim-is-here-can-arjun-be-far-away.html
=================================
WakeUp , BHIM , Wake Up ! [ 16
March 2017 ]
https://myblogepage.blogspot.com/2017/03/wake-up-bhim-wake-up.html
=================================
#Aadhar [
28 Oct 2017 ]
https://myblogepage.blogspot.com/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 ) ,
'gshyam@cs.washington.edu'
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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