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As demonetisation of 500 and 1000 notes rolled out in India after declaration by Our Prime Minister Mr. Narendra Modi, there is a need for good hard cash alternative so that if the next time currency suddenly change, common people of this country do not suffer for exchanging currency notes in banks. We all knows that why this black money generates. Black Money is of two type. One is generated by saving our hardly earned money from Government Neck Choking Tax Policy and Second is generated by the greed of some powerful person who have some power may be political or administrative or some other type, make realise others that their salary which they earn is not enough for them and demands bribe for doing our work. But there is one category also which is of poor and low-educated person who does not very well understand the online mean of money transactions and earn cash for their hard working. And it’s our government duty that these people do not suffer.

So, what I am trying to convey is this country needs a way of virtual money that can’t be hacked by any techy geek, also so simple that a kid of 3 to 5-year-old can use it for buying his toffee and no one can evade tax or accept bride in this wallet. We already have alternative like digital currencies, plastic money but those medium cost us some money and need to be well concern about the security of our wallet. Our Indian Villager & City Labour will not agree for paying these facilities. Debit/Credit Cards uses bank machine for swapping money. And Digital currencies are suitable for our need as they do not require large amount of money to be paid for using their facilities but the problem is no one can stop these currencies from deal in those illegal activities due to which government ban higher denomination rate. Another problem is we require a constant internet connection which is not available in every place. If a system become alive that is based on a decentralised cryptocurrency, not require internet connectivity every time and simple that everyone use will make the future clean from black money.

What if we have a Code which act as a wallet. Money in form of data can be load to this Code. Once the data for 100 Rupees loaded on this Code. The person who carries this code can use it to pay to other person who have a similar wallet code. One accepting money from payer, the payee wallet adds that money in his wallet. All of this can be happened by a mobile. The issue of this data can be Our Government Banks. And whenever some body need real money, must come to bank again so bank can withdraw money from that code and issue them real money in his account. The code cannot be copied or duplicated but transfer to other device with an authorization of payer. By this our system can be made possible. But still we require a system to track wallet. 

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