MINI PROJECT(Introduction)

4 Economy

(

Rupee

The next generation economy

)

lectronics

Welcome screen

Mini Project undertaken by students of Electronics & Communication Engg Dept Sree Narayana Gurukulam College Of Engineering

* Krishna Priya.N.A

* Krishnadas.V.P

* Lakshmi Asokan

Project Guide : Ms.Seema Padmarajan

NAME

Roll No:

7

8

9

Group Members:

4 Economy

lectronics

(

Rupee

)

Aim: To prepare a plan to make Indian economy free from corruption ,blackmoney, counterfiet . Etc and make our economy clean and safe.

How to bring that aim to reality?

Supply of money comes under economy....

Money ( a medium of exchange) has become an essential thing to survive.......... ........also a cause for many problems that we face today.

So ,a change in this money format is the solution ,that we would like to bring forth you to make economy safe .

i.e,This mini project introduces the concept of e-LEGAL TENDER(e-Rupee)

LEGAL TENDER :coins or banknotes that must be accepted if offered in payment of a debt.

We all know that

THEME

Introducing e-Rupee (the next generation legal tender).Replacing the traditional paper note format of Indian Rupee with its electronic version. i.e, 10 ; 32V 429255 (Sl.No) The above function (amount,Sl.No) remains same ,except that its format will be changed from hard to soft and therefore all its transactions. A complete transition of (Indian) legal tender from paper banknotes to electronic banknotes or e-banknotes .

Project Theme

Introduction:

From

To

E-Rupee Gadget

Legal Tender 2E-Legal Tender(ElectronicVersion)

Every citizen of india will be provided with an ECO-MOBILE (e-Rupee gadget) for free.

Low cost, Gadget with LCDInterface & GSMCommunication Technology

Practical Implementation

Indian Citizen

Every Indian Citizen will go to nearby Reserve Bank Of India office/ equivalent office/centre setup (in future )for implementing this project.

Step 1:

Similar to AADHAAR implementation phase.

Similar to AADHAAR implementation phase.

Indian Citizen

Procedures@

Step 2:

Citizen will have to do the following:

* Submit his ID proof & other personal/biometric details along with necessary documents .

* Surrender all the coins and rupee notes with him (along with details of his money deposite in banks/other places).

Practical Implementation

Amount (Rs)

Serial No:

10

8DG 382507

100

6AB 765632

100

FD4 544309

100

JMU 125432

500

1RD 2A32D9

1000

4AP 8773186

Server Computer @ Reserve Bank Of India

* Individual (Citizen) will be provided with an account (as shown ) in the RBI server database . [ Only the RBI administrator will be able to view that account .]

* Individual will also be provided with an e-Rupee gadget.

Step 3:

Legal Tender 2E-Legal Tender(ElectronicVersion)

e-Rupee Gadget

Practical Implementation

Name:

Abcdef . G . H

Gdgt ID

69446744347

------

---------

Balance:

xxxxx.xx

ACCOUNT

Name:

Abcdef . G . H

Gdgt ID

69446744347

------

---------

Balance:

xxxxx.xx

Amount (Rs)

Serial No:

10

8DG 382507

100

6AB 765632

100

FD4 544309

100

JMU 125432

500

1RD 2A32D9

1000

4AP 8773186

Database

Conversion Procedure

Server Computer @ Reserve Bank Of India

ACCOUNT

After Implementation :

Server Computer @ Reserve Bank Of India

Modem

* e-Rupee gadget needs to be connected to RBI server for all money transactions.(as all money is stored in server)* RBI server can keep tracking and verifying the system providing security and support.

e-Rupee Gadget(with GSM modem)

Eco-Mobile

BSNL Mobile Tower

No more RUPEE NOTES Only e-Rupee

ACCOUNT

Amount (Rs)

Serial No:

10

8DG 382507

100

6AB 765632

100

FD4 544309

100

JMU 125432

500

1RD 2A32D9

1000

4AP 8773186

About (e-Rupee) GadgetAn embedded system with LCD interface, Keypad,Special buttons etc for user interaction

Hardware* PIC (8 bit Microcontroller)

* LCD (16x2 ) display

* Keypad(Similar to that of mobile phone)

* GSM Modem SIM900 for sms data communcation.

Money transactionbetween two individuals.

Server Computer @ Reserve Bank Of India

Citizen 1Citizen 2

Existing BSNL GSM Network

Dev1

Dev2

TRANSACTIONHardware / communication structure.

Server Computer @ Reserve Bank Of India

Citizen 1Citizen 2

ACCOUNT2

Amount (Rs)

Serial No:

10

8DG 382507

100

6AB 765632

100

FD4 544309

100

JMU 125432

500

1RD 2A32D9

1000

4AP 8773186

ACCOUNT1

Amount (Rs)

Serial No:

10

8DG 382507

100

6AB 765632

100

FD4 544309

100

JMU 125432

500

1RD 2A32D9

1000

4AP 8773186

Existing BSNL GSM Network

DATABASE(Structure)

Citizen 1

SMS Data:1

TRANSACTION Step : 1* Receiver Gdgt ID

* Amount (Rs. 200)To be paid

TRANSACTION Step : 2

Citizen 1

* Tx(Payer)'s Name

* Amount (Rs. 200)To be receivedSMS Data:2

OK

Server Computer @ Reserve Bank Of India

ACCOUNT2

Amount (Rs)

Serial No:

20

9DA 382507

100

6AB 765632

100

FD4 544309

100

RD3 128432

500

HGD 2A32D9

1000

4AP 8773186

ACCOUNT1

Amount (Rs)

Serial No:

10

8DG 382507

100

6AB 765632

100

FD4 544309

100

JMU 125432

500

1RD 2A32D9

1000

4AP 8773186

TRANSACTION Step : 3(100 + 100 )200rupees along with their serial numbers from account 1 gets transfered to account 2E-rupee transaction

TRANSACTION COMPLETED

PRACTICAL IMPLEMENTATION (Issues)

How to manage (communication channel) traffic ?

(As we have millions of people in india)

* By bringing several database servers.

* District level, State level,... Country level database management.

* Bringing the concept of cloud computing.

* Multiple / parallel communication technique with GSM/CDMA along with internet topology.

e-Rupee Economy Structure

RBI Head Quarters DataBase(Country Cloud)

RBIState Cloud (1)

RBIState Cloud (2)

RBIState Cloud (n)

District Cloud (1)

District Cloud (1)

District Cloud (k)

Communication N/W

Heavy Servers

Medium Servers

Light Weight Server(s)

Existing BSNL GSM Network

Cell

Cell2

Cell1

Server Computer(s) @ RBI controlledOffice(s)

Cell4

Cell5

Cell3

Cell6

District Level Implementation

BSNL

BSNL Mobile Tower

BSNL Mobile Tower

WiredConnectN

OR

ADVANTAGES

* No transaction of money possible without the knowledge of RBI/Govt..No blackmoney......

* No more DemandDraft ,Money transfer services ....... i.e Mobile transactions (always on the go ) .

* No counterfeit notes or coins is possible.

* Going green , without paper notes.(No damage to notes) . * Secure transaction , no more fear about robery,theft etc.

* No individual could survive without an identity or gadget in India. etc..............................

THANK YOU

4 Economy

(

Rupee

The next generation economy

)

lectronics

Welcome screen