Group 10: Team TechnoCr@tes 1.Bipul Biplav Mukherjee 2.Manish K. Shukla 3.Axit D. Gandhi 4.Vikas Kundu Presents: Aadhaar Transactions 1.

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Group 10: Team TechnoCr@tes

1. Bipul Biplav Mukherjee2. Manish K. Shukla3. Axit D. Gandhi4. Vikas Kundu

Presents:

Aadhaar Transactions

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The “Personification” of “Team-

Work”

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Top 4 !deas.

Aerial Goods [“We Carry the nation”]• Transporting goods and cargo through aerial tramways.

Bulk Barcode scanning of products. [“Shop Without Stop”]• Simultaneous scanning of multiple bar coded products at one go.

Reverse Water Motion Engineering [“Building-Electricity”]• Producing electricity by fitting turbines in water carrying pipes.

Motion Charging [“Charge When You walk”]• Charging your PDA devices as you walk.

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Problem Statement• Although ATM has become quite ubiquitous today, there is still a

practical limit on the number of ATMs around you.• Also, it’s quite common to encounter Card clashes, i.e. when your

retailer doesn’t accepts your Smart card.

• We formulated all these problems, and finally define our problem statement as :

“People now a days need a uniform means for performing daily cash transactions because of lack of uniformity and security in the current approaches.”

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Aadhaar Transactions At Glance

• We Propose a System, wherein a single aadhaar card can substitute any number of ATM cards and also will reduce the flow and requirement of carrying hard cash.

• It basically involves associating each and every bank account of every aadhaar card holder to his UID number, which further will allow the card holder to make transactions using any of this bank accounts

• The Proposed system will allow you to carry out all of your commercial or personal transactions, using just your Aadhaar card and a portable device.

• The Transactions can be both inwards & Outwards, i.e. can be either receipt or payments.

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Working of Aadhaar Transactions

Aadhaar Transactions

Payments Receipts

ATD[Aadhaar

Transaction Devices]

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Proposed Model of the ATDThe Touch Screen Panel that will be used for user interaction.

The Thumb Scanning Panel that will be used for retrieving corresponding UID number

Buy the ATD

Enter Your UID number and activate your device.

Set Your Primary Bank Account that will be used for transactions.

You're now ready to use your card and device for any payments and receipts.

Steps to use ATDs

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• Payments : Cashier provides you with the ATD. Swipe your thumb on the thumb panel to retrieve your aadhaar card details. select your bank account from which you want to make the payment. select the amount, confirm and the required amount will be credited to the

retailer’s account.

• Receipts : Offer your ATD to the paying party. Make Sure he enters the correct amount for payment. As soon as he confirms the payment, your default bank account will be

credited with the respective amount.

Steps to use Proposed device

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Tools Of Creativity : Fish Bone

Diagram

HumanMachine

MethodMaterial

• Forgetting PIN•Losing ATM Card •Mishandling the ATM

•ATM Machine failure•Chances of Thefts•Continuous Monitoring and Maintenance

•Lack of Multi ATM support system•Card swipe problems

Problems in Current Payment System

•Card deteriorate•Hard cashes prone to wear and tear

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• 34% deaths are caused by road accidents in which 40% are due to truck accidents.

• 1/3rd of the annual fuel consumption is used for transportation of goods.

• Heavy duty vehicles produce 36% of green house gases.

• People getting employment through transportation will be pushed towards unemployment.

• It will take some time getting faith on this system.• One feels great when he can transfer the same

amount of cargo, in a more efficient and cost-effective way.

• MRP decreases considerably.• Environment friendly.• Much more Speedier than road transports.• Reliable than transportation through heavy vehicles.

Tools Of Creativity : Six Thinking Hats

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• Limit on the weight of goods transported.• Requires continuous maintenance.• High initial investment. • A single tram failure will jam the entire aerial root.

• Attached cameras can be used for 24 hour traffic surveillance.

• Can be used for transport of food packets in critical areas during emergency situations.

• Monitor all the goods being transported easily.

• Goods transportation through aerial trams is an economic and efficient way to transport goods across a city.

• They are noise-less, pollution free and speedier as compared to the existing means.

• Using cameras take its utility to the next level.

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Cost Specifications of Aadhaar

Transactions

Approximate cost of the ATD : Rs. 3000 A Continuous internet Connection : Max. Rs. 200 Total -- Rs. 3200.

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Help needed. !

• Separate Departments where people can register their bank accounts with their UID.

• Spread awareness regarding this product through Advertisements, seminars, campaigns etc.

• Collaboration with an electronic company for producing the ATD.

• Support from Government and Different Banks• Internet Connection.

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Benefits• Necessity to carry hard cash is considerably reduced.• We can use this system in both commercial ways and

personal ways.

• We can pay toll tax, salary, bills, debts and virtually do anything that hard cash can.

• ATD is affordable for anyone to own it.

• We can use it in restaurants, malls, theaters and even at grocery shop or “sabji-mandi”

• More safe.

• No fear of wear and tear.

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Future Prospects

• We can set up transactions limit in our device.• If transaction exceeds the defined limit , then notification will

be sent.• In case we lose our device somewhere, mechanism can be set

to trace our device. • We can retrieve our transaction history over a certain period

of time.• Based on the sophistication to which aadhaar card services

are taken, this device will adapt itself accordingly.

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