Demonetization in Indian Currency – Illegal Money - IoT: Effective Identification of Black Money, Fake Currency & Expiry Using Nfc, Internet Of Things & Android

International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395 -0056
Volume: 04 Issue: 03 | Mar -2017 www.irjet.net p-ISSN: 2395-0072
© 2017, IRJET | Impact Factor value: 5.181 | ISO 9001:2008 Certified Journal | Page 2430
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. Introduction:
HF-based RFID and NFC systems are widely spread
nowadays. They can be found in our everyday lives, in
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’

CIPURSET Move chip, which is a security chip featuring
an open security standard, into embedded Wafer Level
Ball Grid Array (eWLB) packages, together with HF-
antennas, ferrites, as well as discrete elements that
improve HF-coupling characteristics. Thus, a system-in-
package security solution is given that enables not only
the anti-counterfeiting use-case, but also micropayment,
ticketing, access control, and password storage.
Summarizing, this paper makes the following
contributions: It introduces the novel system-in-package
contactless Authentication devices. It details design and
implementation decisions as well as simulation results. It
proves the applicability of the fabricated devices by
means of an access control demonstrator. This paper is
structured as follows gives a short introduction into the
related work covering the topic of small-sized RFID
solutions.
II. Assistive technology
Radio-frequency identification (RFID) uses
electromagnetic fields to automatically identify and track
tags attached to objects. The tags contain electronically
stored information. Passive tags collect energy from a
nearby RFID reader's interrogating radio waves. Active
tags have a local power source such as a battery and may
operate at hundreds of meters from the RFID reader.
Unlike a barcode, the tag need not be within the line of
sight of the reader, so it may be embedded in the tracked
object. RFID is one method for Automatic Identification
and Data Capture (AIDC).
RFID tags are used in many industries, for example, an
RFID tag attached to an automobile during production
can be used to track its progress through the assembly
line; RFID-tagged pharmaceuticals can be tracked
through warehouses; and implanting RFID microchips in
livestock and pets allows positive identification of
animals.
NFC is a set of short-range wireless technologies,
typically requiring a separation of 10 cm or less. NFC
operates at 13.56 MHz on ISO/IEC 18000-3 air interface
and at rates ranging from 106 kbit/s to 424 kbit/s. NFC
always involves an initiator and a target; the initiator
actively generates an RF field that can power a passive
target. This enables NFC targets to take very simple form
factors such as unpowered tags, stickers, key fobs, or
cards. NFC peer-to-peer communication is possible,
provided both devices are powered.[34]
NFC tags contain data and are typically read-only, but
may be writeable. They can be custom-encoded by their
manufacturers or use NFC Forum specifications. The tags
can securely store personal data such as debit and credit
card information, loyalty program data, PINs and
networking contacts, among other information. The NFC
Forum defines four types of tags that provide different
communication speeds and capabilities in terms of
configurability, memory, security, data retention and
write endurance. Tags currently offer between 96 and
4,096 bytes of memory.
III. Scope
The scope of this project is integration of RFID, IOT and
Big Data. Multi User, Multi Account chip embedded rupee
note is implemented. The user behavior is tracked using
Formulae Authentication is implemented for Security.
Easy and comfortabl Transaction with security. Multiple
user bank accounts can be identified by the RBI and
black money fake currency can be completely eradicated
using these methods.
IV. Existing systems
V.
The market size of NFC-based payment services is
expected to be increased to $3.572 and $180 billion in
the years 2015 and 2017 separately . Since the rapid
development of short-range wireless communication
technology, there is a growing demand to design secure
and efficient mobile applications, such as service
discovery, epayment, ticketing, and mobile healthcare
systems, etc., in the area of the consumer electronics for
NFC. In the NFC environment, the Trusted Service
Manager (TSM) is responsible to distribute user keys to
the registered users based upon the requests from the
users and it does not involve in the authentication
process. The authentication protocol involves only two
parties, namely, an initiator user and a target user. The
initiator user generates a radio frequency field and starts
the NFC interface. After receiving communication
signals, the target user sends a response message to the
initiator user through the radio frequency field. After
mutual authentication, both the initiator user and target
user establish and agree on a secure session key. Due to
the shared nature of wireless communication networks,
there are several kinds of security vulnerabilities in NFC
environment including impersonation and man-in-the-
middle attacks. Thus, the security is one of the
prerequisite for NFC applications . Moreover,
transmission capacity of NFC technology is limited as its
operating frequency is 13.56 MHz with transmission
speed ranging from 106 Kbps to 424 Kbps up to 10 cm .

Since the widely use of mobile devices, such as smart
phones and personal laptops, in combination of NFC
technology, authentication protocol must ensure high
security along with low computation and communication
costs
VI. Principle of operation
we first investigate the classic tax evasion cases, and
employ a graph-based method to characterize their
property that describes two suspicious relationship
trails with a same antecedent node behind an Interest
Affiliated Transaction (IAT). Between the transaction
parties the most important thing is that there exists a
complex and covert interactive relationship. For
example, if there exist. In our implementation. RFID tag
is attached with the rupees note, in this tag includes the
rupee value, tag number and expiry date of currency. We
are implementing 4 methodologies for identifying the
black money. 1. In every office/shops we install money
counting device which would read the currency like tag
no, value and expiry date. 2. We would provide reader
device which can be attached to the mobile via OTG
connectivity to any of the merchants/vendors. 3. QR
code - In case of small vendors like street business
merchants (vegetable selling people). So public can scan
the QR code which contains the account details of the
server. Automatically amount would be credited to the
sellers account. 4. We are implementing cashless
transaction using card. Using all of the above four
methodologies RBI can easily track of all the transactions
(Income & Expenditure) made by every individual user.
One more implementation is SMS notification for expiry
currency.
VII. Architecture diagram
Figure.1. Architecture diagram of Demonitization
VIII. Advantages
All the transactions are accounted Can be track
completely Latest technology like QR code is
implemented Also this system motivates cashless
transaction This system will totally eradicate black
money SMS notification for expiry currency
IX. Conclusion
In this project we are implementing four methodologies.
Using 4 methodologies RBI easily can track of all the
transactions like income and expenditure made by every
individuals users/merchants or vendors. This is directly
compared with the total audit report provided by this by
these people. This system will strongly eradicate the
black money process. Also in case expiry the currency
means automatically notification to user.
REFRENCES
[1] D. S. Almeling, “Seven Reasons Why Trade Secrets are
Increasingly Important,”Berkeley Technology Law
Journal, vol. 27, no. 2, pp. 1092–1118, 2012.
[2] L. Antunes, J. Balsa, and H. Coelho,“Agents that
Collude to Evade Taxes,”inProc. 6th Int. Conf.Autonomous
Agents and Multiagent Systems (AAMAS), pp.1263–1265,
May.2007.
[3] Y.S. Chen and C.-H. Cheng,“A Delphi-Based Rough Sets
Fusion Model for Extracting Payment Rules of Vehicle
License Tax in the Government Sector,”Expert Systems
with Applications, vol. 37, no. 3, pp. 2161–
2174,Mar.2010.
[4] M. J. Ferrantino, X. Liu, and Z. Wang,“Evasion
Behaviors of Exporters and Importers: Evidence from
the U.S.-China Trade Data Discrepancy,”Journal of
International Economics,vol. 86, no. 1, pp. 141–
157,Jan.2012.
[5] W. F. Fox, L. Lunab, and G. Schau,“Destination
Taxation and Evasion: Evidence from U.S. Inter-State
Commodity Flows,”Journal of Accounting and
Economics,vol.57, no. 1, pp. 43–57, Feb. 2014.
[6] Z. Gao,“Transfer Price-Based Money Laundering: A
Transit Trader’sPerspective,”inProc.4th Int.Conf.Wireless
Communications, Networking and Mobile
Computing(WiCOM), pp.1–5, Oct.2008.
[7] P. C. Gonz´l´cleza and J. D.
Vel´l´csquez,“Characterization and Detection of
Taxpayers with False Invoices Using Data Mining

Techniques,”Expert Systems with Applications,vol.40, no.
5, pp. 1427–1436, Apr.2013.
[8] N. Goumagias, D. Hristu-Varsakelis, andA.
Saraidaris,“A Decision Support Model for Tax Revenue
Collection in Greece,”Decision Support Systems,vol.53, no.
1, pp. 76–96, Apr.2012.
[9] J. Han, M. Kamber, and J. Pei,Data Mining: Concepts
and Techniques,Burlington,Massachusetts: Morgan
Kaufmann,2011.
[10] J. Hasseldinea and G. Morris,“Corporate Social
Responsibility and Tax Avoidance: A Comment and
Reflection,”Accounting Forum,vol.37, no. 1, pp. 1–14,
Mar.2013.
[11] L. Kaplow, A. Polinsky, and S. Shavell,Handbook of
Law and Economics, vol.1, chap.10, Elsevier Science
Ltd,pp.647–755,Aug.2007.
[12] Y. Kim, Savoldi, H. Lee, S. Yun, S. Lee, and J.
Lim,“Design and Implementation of a Tool to Detect
Accounting Frauds,”in Proc.Int. Conf. Intelligent
Information Hiding and Multimedia Signal
Processing(IIHMSP), pp.547–552, Aug.2008.
[13] X. Liu, D. Pan, and S. Chen,“Application of
Hierarchical Clustering in Tax Inspection Case-
Selecting,”in Proc. Int. Conf.Computational Intelligence
and Software Engineering (CISE), pp.1–4,Dec.2010.

Demonetization in Indian Currency – Illegal Money - IoT: Effective Identification of Black Money, Fake Currency & Expiry Using Nfc, Internet Of Things & Android

More Related Content

What's hot (17)

Similar to Demonetization in Indian Currency – Illegal Money - IoT: Effective Identification of Black Money, Fake Currency & Expiry Using Nfc, Internet Of Things & Android (20)

More from IRJET Journal (20)

Recently uploaded (20)

Demonetization in Indian Currency – Illegal Money - IoT: Effective Identification of Black Money, Fake Currency & Expiry Using Nfc, Internet Of Things & Android