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Today’s Business Today carries following news report :

RBI exploring mobile phone-based solution to help visually impaired identify currency notes   

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

RSVP :  hcp@RecruitGuru.com