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Research Journal of Information Technology
  Year: 2013 | Volume: 5 | Issue: 3 | Page No.: 427-434
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A Smarter E-currency Management System

G. Manikanta Chaitanya, Pinjerla Sandeep and Rengarajan Amirtharajan

This study concentrates on a novel efficient solution to counterfeit problems like recovering of currency which has been lost during interbank transferring process, to get rid of cloning and so on with the inclusion of latest Radio Frequency Identification (RFID) technology. In this proposed method each and every currency note is equipped with a RFID-tag i.e., A smart tag analogous to Bar code which can be accessed at a distance. Each tag is given with a unique serial number which will be useful for easy management like for the purpose of simultaneous verification for Genuineness of note, counting and tracking etc., The proposed management system consists of a Central Server which coordinates its activities with Mobile Networks, RFID currency reader’s in order to track and management of currency. ORACLE database serves as the master. Thus, a high level of security can be incorporated in currency notes in an economical incisive manner.
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How to cite this article:

G. Manikanta Chaitanya, Pinjerla Sandeep and Rengarajan Amirtharajan, 2013. A Smarter E-currency Management System. Research Journal of Information Technology, 5: 427-434.




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