IJMTES – EFFECTIVE IDENTIFICATION OF BLACK MONEY, FAKE CURRENCY USING NFC, IOT AND ANDROID

Journal Title : International Journal of Modern Trends in Engineering and Science

Paper Title : EFFECTIVE IDENTIFICATION OF BLACK MONEY, FAKE CURRENCY USING NFC, IOT AND ANDROID

Author’s Name : Dr D Balasubramaniam | K Sasirekha | A Swathy | R Ramyaunnamed

Volume 04 Issue 03 2017

ISSN no:  2348-3121

Page no: 141-145

Abstract – Counterfeiting money has become an enormous problem around the world.  Traditional security features on currency notes are easy targets for counterfeiters, and they can easily imitate the original currency notes with fake ones. Conventional methods for validating currency require specialized devices for the authentication of currency notes. However, cost and lack of mobility of sophisticated currency note validation devices are big problems for general consumers. Modern digital solutions are attempting to complement the traditional security features through embedding NFC chips in the currency notes, by using this system automatically detect the original currency note or fake once. The NFC chip is embedded in the currency note and includes the value, serial number, and expired date that is used for validation. This system includes in three ways by using currency note, smart card and QR code. This possibility of using these devices to detect counterfeit money results in the extensive deployment of this technology among regular and non-specialist end-users. It will encourage the general public to check for counterfeit money. The presented validation technique satisfies the security requirements for currency note counterfeit detection.

KeywordsNFC Chip, Smart Card, QR Code, Counterfeit Money, Security Requirements

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