ID: DD-01
This invention relates to Digitalized Currency having high value and the process for the printing, registration, distribution, recording and monitoring of transactions through a specially designed Online Portal. During the currency registration, opening of additional ledger window with simultaneous automatic generation of a window in the Online Portal of Reserve Bank/Central bank of each nation happens with automatic updating of transactions. There will be 100% protection from counterfeiting of Paper Currency, monitoring, tracking of currency, blocking of illegal transactions, value protection in unforeseen situations, easiness to carry and handle, faster scanning of currency and improved security. The currency transactions can be done through Commercial and Scheduled Banks or ATM/CDM or Net Banking. Counterfeiting will become impossible because, the registration of currency is possible only through Reserve bank/Central bank of each nation, parallel entry of currency into the circulation is not possible.
Patent Status: Granted in India
Stage: Commercially used
The inventor is open to explore Patent Licensing, Assignment or Joint Venture
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