Tracking of transactions

using smart NFC currency

_Presented by
Gokulraj. R
Thirukumaran. V
Naveen
Introduction
The need for tracking every transaction across the country is imminent in
India. Day by day the illegal transactions and stocking of money is increasing
in every corner of this nation. The major reason for poverty and social
inequality is Corruption. We wish to eradicate corruption by means of
technology, by which every transaction across the nation is recorded in a
Government Database. Also this system enables a two step transaction , which
makes robbery an impossible task. The major idea is to use an NFC chip in
every currency which carries a unique code. This code is attached with every
individual’s aadhar ID, and thus the details of ownership of every currency
note is registered. In order to have a transaction this ownership registration
must change from the consumer to the shop retailer. Here is where our
innovation plays a major role. We propose a system to verify the ownership of
a money and then changing the ownership from consumer to shop retailer.
This is done by communication between the NFC chips in the Cash and the
NFC reader in the system.
Working Principle
A Tap is all it takes
 Circuit Connections

TFT Display LCD screen connection with Arduino connection with

arduino PN 532 AKA NFC Reader.
NFC Stickers, Tags

Passive tags with a range of 4-8 CM

Market price is around Rs.10 per sticker.

Manufacturing price is estimated to be Rs

6-7 per tag.

Damage resistant, Easily replacable.

Can be read by Mobiles, NFC readers.

Can be locked by encrypting and can make

it only readable.
Flow Chart
Aadhar
number
NFC tag

NFC Tag
Currency note The database receives
Customer Currency’s unique ID
and sends the picture
PN 532 NFC Reader
and name owner of
the currency to the
microcontroller.
Database
Arduino Also the
(Micro Controller) microcontroller
changes the
owner’s name in
the database by
getting the Aadhar
LCD Display number of Seller.
 Aadhar Database Currency Database Model
model
Solomon Bradley. J Currency Details
9081 1143 2787 2976
Currency ID:
Net worth: 121313JKH
2000 Rs notes = 5
500 Rs notes =23 Present owner:
Sathish Kumar
Currency IDs:
121313JKH 9876 7665 3785 8263
132323SDA Last owner :
Solomon Bradley
131323DYT
983635GTR 9876 8637 9373 7264
634536TYE
216358UYR
Applications

This system has the potential to

make every single transaction
recorded and transparent.

Black money , illegal transaction,

corruption are the primary
crimes that are ceased by this
system.

Theft, burglary, robbery of

money are literally impossible.
Two Step Transaction

 This system makes the transaction modern and advanced from ancient methods
of transation.
 Two steps are involved for a successful transaction to be done.
 First step is registering the money’s ownership in name of seller.
 Second one is the buyer giving the currency note to the seller.
 This paves way for more secure way of transaction and each of this transaction
details are recorded in Government Database.
 Stocking of money is also impossible as the database analysis will show the
inactive currencies.
Pros and Cons
Advantages
 Corruption is completely
eradicated.
 All transactions are
transparent.
 Money is more secure .
 Theft is not possible.
Disavantages
 The present currency has to
be modified with this sticker.
 Rural people have to learn
this system
 Damage of NFC tags could
occur.
 Thank you

JAI HIND!