My friend Gurudatt has a sharp / questioning / inquisitive mind
While keen to embrace technological solutions to
our Society's problems , he does not accept them simply because they are "
New /
Different / Out of the Box "
Following are the questions that he raised after reading my
yesterday's blog ( emailed to the Policy Makers )
{ Fear works better than Persuasion / http://myblogepage.blogspot.com/ } :
Guru :
Will all the physically available currency notes
have to be tendered to the appropriate authority for embedding RFID within some set time limit ?
Me :
Government to announce that,
# Old (
paper ) currency notes of Rs
500 / 1000 , will cease to be legal currency from ( say ) , 01 April 2018
# New (
plastic ) currency notes , embedded with RFID sensors , will be introduced from 01 Oct 2017
# Between
Oct 2017 and April 2018 , both types of notes will continue parallel
# During
this 6 month window , owners
of OLD notes can get these exchanged for NEW notes , at any bank
branch,
without any questions asked
# Collected
OLD notes will be destroyed
Guru :
Would RFID
embedding not be resorted to by unauthorized wings of the parallel economy
either because it is not affordable or too high-tech for them to replicate ?
Me :
No technology is
fool-proof ! And all technologies can be misused !
But , I believe RFID
sensor embedded plastic currency notes , will be difficult to forge
We can make this (
forging ) still more difficult by resorting to Steganography ( encrypting one more set of unique
Currency Note Number , inside Bapu's photo ! )
Guru :
How
would the common people know if the notes received by them are with RFID / if the notes received with RFID are genuine or not ?
Me :
This will require integration of several
technologies ( all existing / simple, and in wide spread use for a long time )
Here is how :
Each RFID sensor will be assigned a unique IP V 6 , Internet
Protocol Address
Since IP V 6 , has 340
trillion trillion trillion , unique addresses , there is no danger of
running out of unique addresses for ALL the currency notes of ALL the denominations , of ALL the countries of the World !
Strictly for this purpose ( RFID embedding in currency notes ) , ICANN will make available
a special / unique " Number
Series " , to each country, which it will use while printing its
own high denomination notes
This IP number will also get linked to the Unique Serial Number of each currency note
All mobile phones ( I am assuming these will all be
Smart phones ) , will have GPS
/ NFC / Internet Connectivity /
Biometric reader through built-in camera and be pre-installed with an App ( called , GenuFake ? )
I am sure you are aware that even today , a few
Pharma companies print a small " Bar Code " on each and every
strip of medicine that they sell . All that a buyer
does is to " scan
" that bar code with his mobile camera and
forward that
image to the phone number printed on that strip as an SMS . Within 5 minutes , the sender
receives
an SMS confirming whether that
strip is genuine or
not !
To verify whether a Rs 500 / 1000 plastic note is genuine or not , all that the
owner will need to do is to lay it flat
on the screen of his Smart phone ! Instantly a message ( Genuine / Fake ) will appear on the screen ! The
Currency Serial
Number noticed by
the phone / app , will also appear on the phone screen
AND ,
that Serial Number will also get instantly
transmitted to the Income
Tax / Enforcement
Department , so they come to know instantly , who has that fake note and exactly " where " ( GPS )
For the benefit of the illiterate , the message
will " Speak Out
" , in the language of owner's choice !
For the " Doubting Thomas " :
The verification that I have described above for
determining the genuineness
of a currency note , is far simpler
than mobile App " iCARE " ( free to download )
Just place your finger tip on the lens of your
smart phone camera and see the screen displaying your Blood Pressure / Heart Rate ( pulse ) / Oxygen
level in your blood / one month history
!
Guru :
Would
the common people need any simple, handy & affordable device to read / check
RFID authenticity ?
Me :
I believe my earlier answer covers this question
Consider this : Currency notes are carried in a
pocket ( loose or in a wallet or a purse )
Usually , smart phones are also carried in some
other pocket ( or inside a ladies' purse )
Using NFC , that smart phone is constantly exchanging " data " with the RFID embedded currency
notes in the
pocket ( remember , IoT - Internet of Things ? )
In turn , that phone is interconnected with the
servers of IT / ED
( through mobile towers / ever present WiFi )
That enables IT / ED to track " each and every " RFID embedded note , for
every minute of its life !
Forget classic book " 1984 " ( George Orwell ) . For RFID notes , there is no place to hide
!
Guru :
Would
there not be clandestine attempts to rob the RFID currency and replace it with the ones without
RFID [ which happen
to be part of the cash undeclared within the stipulated time] ?
Me :
Very good observation !
This is all the more reason that
those hoarders of old ( paper ) notes will be in a great hurry to rush to the
nearest bank branch on 01
Oct 2017 , to exchange with new ( plastic ) notes !
Dear Guru ,
You might want to look up my
following earlier blogs ( all sent as emails to NDA Policy Makers ) to better
grasp,
how my suggestion would permanently
eliminate the twin evils of CORRUPTION
and BLACK MONEY :
I hope our Policy Makers realize the
impact that bringing Rs 65
lakh*crore of BLACK
MONEY into productive MAIN STREAM can have on our economy / employment
/ infrastructure / education / health / poverty etc
And only one person has the courage - and the people's
mandate - to implement my suggestion
I hope someone will see that this reaches Shri Narendra Modiji !
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12
Oct 2016
www.hemenparekh.in / blogs