WHO IS THE ORACLE
?
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
?
( A Mobile
App called, " BLACK-MAIL " )
------------------------------------------------
------------------------------------------------
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 "
-----------------------------------------------------------------------------------
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