International Research Journal of Engineering and Technology (IRJET)
e-ISSN: 2395 -0056
Volume: 04 Issue: 03 | Mar -2017
p-ISSN: 2395-0072
www.irjet.net
Demonetization in Indian Currency – Illegal Money - IOT: EFFECTIVE IDENTIFICATION OF BLACK MONEY, FAKE CURRENCY & EXPIRY USING NFC, Internet Of Things & ANDROID N.Lalieth Kumar[1] T.Reddy Hemanth[2] [1]. 211413205302 [2]. 211413205083
Student Department of Information Technology Panimalar Engineering College
Mr.Balasundaram
Associate Professor Department of Information Technology Panimalar Engineering College
Abstract –The main aim of our project is to eradicate black money and effective removal of fake currency in the trade market to make this effective we have came up with the new concept of embedding NFC chips in to our currency notes making it traceable and reusable this tag includes the rupee value, tag number and expiry date of currency. We are implementing 4 methodologies for identifying the black money. In every office/shops we are going to provide money counting devices which comes with a inbuilt RFID reader which would read the currencies tag no, value and expiry date. We would provide a RFID reader device which can be attached to the android mobile via OTG connectivity to all the small entrepreneurs and road side vendors. For merchants and vendors who cannot afford a reader we generate QR codes with respective details of the person’s account So the buyer can scan the QR code which contains the account details of the Person and pay the amount will be credited to the sellers account. We are implementing cashless transaction using card. Using all of the above four methodologies RBI can easily track all the transactions (Income & Expenditure) made by every individual user. One more feature is we provide SMS notification for expiring currency. Keywords- NFC : Near Field Communication, RFID : Radio Frequency Identification, QR : Quick Response, OTG : On The Go
I.
applications such as payment, transportation and logistics, healthcare, and access control systems. A particular boost has been recognized since RFID/NFC reader functionality has been integrated into a vast amount of smart phones. The basic principle of such a contactless RFID/NFC system is illustrated. The reader device emits an alternating magnetic field, which is used to power the transponder and to exchange data with it by means of modulation. The achievable reading distance of such a contactless and passive system depends on several factors. One of the most important factors is the size of the antenna: the larger the antenna, the better the coupling. However, the smaller the antenna and the tags are, the higher is typically the variety of products that can be tagged. If such transponders are manufactured small enough, then they can be integrated into various products, casings, or consumable materials in a discreet way. Since counterfeiting of designer products is reported as a major issue with a global economic value of over $ 865bn, as one can see in Table I and in [2], a simple, small-sized, and secured way to check genuineness is eligible. Given this motivation, it is of highest interest to provide small-sized and secured RFID technology, which can be integrated into products in a very discreet way and which can be verified in terms of authenticity with commonly available RFID reader devices. However, to the best of our knowledge, there is a major gap in industry and in academia concerning this field of application. This work addresses the outlined gap and presents a miniaturized, system-in-package, contactless and passive authentication solution that features NFC and state-of-the-art security measures. This is achieved by integrating Infineon Technologies’
Introduction:
HF-based RFID and NFC systems are widely spread nowadays. They can be found in our everyday lives, in
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