[challenge:future] cyber currency-an envisage to a better future and citizens
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TEAM NAME: EUREKA BAZINGAA!!COUNTRIES SELECTED: RUSSIA, TURKEY AND SLOVENIATEAM LEADER: RISHABH OHRITEAM MEMBERS: RISHABH OHRI ROHIT KASHYAP SAYYAM GADHOKCOUNTRY: INDIASCHOOL UIET PANJAB UNIEVRSITY
Findings about the companies andcompetitiveness of Eastern EuropeWhich industries, sectors and types of companies will emerge in EE??The Achilles heel of Eastern Europe is the rising rates of Unemployment. In addition to this the recent recession struck Greece and exposed the vulnerabilities crippling the economy even more.The opportunities provided by this evergreen continent is huge, which includes cookery,automobile,mineral processing and techno-enthusiasts(CERN).
How should these future Eastern European companies look like (size, ownership,structure, etc.)?
The focus should be more and more on agri,tech oriented industries as these are major source of income for this continent. Also tourism industry is additional bonus.
What will be their unique values that are making them competitive and how will they be achieved?Well Eastern Europe is geographically and demographically much suited place as it provides a link between east and west. Trade routes, tastes and trends all can be easily communicated between eastern and western culture.
How will these companies interact with the rest of the world?According to us the most wanted profession would be civil engg. These countries have so much scope to build their infrastructure which in turn is crippling their economy.
INTERVIEW AND PROOF OF CONDITION PREVAILING
INTERVIEW MR MARKO DERCA(AT KEARNEY SLOVENIA): EUROPE IS IN NEED OF GREAT AND INNOVATIVE IDEA LIKE YOURS CAN HELP WITH A CERTAIN AMOUNT OF SUPPORT. ZEESHAN HAQUE SYED(COLLEAGUE):CONDITIONS IN EASTERN EUROPE HAVE SEEN A DECLINING TREND OF LATE AND I BELIEVE NEW INDUSTRIES WILL ONLY BE AN ASSET
MR MOHIT ARORA(HEAD GOOGLE TECHNOLOGY USER GROUP): I BELIEVE A NEW TRANSPARENT SYSTEM NEEDS TO BE DESIGNED SO THAT EASTERN EUROPE CAN BE REVIVED AND COME AT THE PINNACLE OF THE WORLDEVERYTHING GONNA BE ALLRIGHT CO LTD.(EGAR)
REVOLUTIONISING YOUR POTENTIAL AND ENVISAGING A BETTER FUTURE
ALL IZ WELL CARDALL IZ WELL CARD
NAME: GENDER:DATE OF BIRTH:FINGERPRINT:
PHOTOEVERYBODY IS AWARE OF SMART CARDS WHICH ARE USED FOR VARIOUS PURPOSES, BE IT TRAVELLING BY THE METRO OR BUYING CERTAIN ITEMS BY MEANS OF CREDIT CARDS. SIMILARLY DESIGNING ALL IZ WELL CARD FOR THE CITIZENS CAN ASSIST IN OVERCOMING HUNGER AND POVERTY BY MEANS OF SUITABLE PROGRAMMING. THIS METHOD HELPS US TO IMPLEMENT THE MODE OF ELECTRONIC MONEY ALSO KNOWN AS CYBER CURRENCY IN WHICH MONEY IS TRANSFERRED AND HANDLED IN DIGITAL FORM WITHOUT THE USE OF ACTUAL CURRENCY.
HANDALL IZ WELLALL IZ WELLALL IZ WELLALL IZ WELLALL IZ WELLALL IZ WELLALL IZ WELLALL IZ WELLALL IZ WELLALL IZ WELLALL IZ WELLALL IZ WELLALL IZ WELLALL IZ WELLALL IZ WELL
COMETH THE HOUR TO REMOVE HUNGER AND POVERTYBEFORE THE ALL IZ WELL CARD IS GIVEN TO ANY CITIZEN, THE PARTICULARS OF THAT INDIVIDUAL IS MAINTAINED BY MEANS OF A DATABASE WHICH WILL INCLUDE EVERY MINUTE DETAIL OF THE CITIZEN RANGING FROM HIS/HER NAME TO THE DAILY INCOME IN $.
HOWEVER,THE DATABASE/ TECHNOLOGY BY MEANS OF PROGRAMMING WILL ENSURE THAT THE ALL IZ WELL CARD IS GIVEN TO ONLY ONE INDIVIDUAL OF THE FAMILY AND IF THE PERSON IS AGED ABOVE 55 HE/SHE HAS THE CONDITION OF TRANSFERRING THE CARD TO SOME OTHER FAMILY BY A FORMAL PROCEDURE.
THE VARIOUS RATION SHOPS WILL HAVE A PROGRAMMABLE DEVICE MADE BY MEANS OF COUNTERS TO INCLUDE TIME DELAYS AND DACTLYOSCOPY(FINGER PRINT TECHNOLOGY) TO IDENTIFY THE INDIVIDUAL
VARIOUS MACHINES MADE BY MEANS OF PROGRAMMABLE COUNTERS AND MICROPROCESSORS WILL BE INSTALLED AT A PARTICULAR LOCATION LIKE A POST OFFICE OF THAT PARTICULAR PLACE WHERE EVERY PERSON HOLDING AN ALL IZ WELL CARD HAS TO SWIPE IT BEFORE HE/SHE CAN ENTER HOME WHERE THE MACHINE WILL KEEP A RECORD IN ITS MEMORY TO ENSURE THAT NO DISCREPANCY IS PRODUCED ELSE THE ALL IZ WELL CARD WILL BECOME INVALID IN THE SUCCEEDING DAYS.
CONDITIONS FOR PROGRAMMINGDaily update of individuals account in terms of income earned, spent and balance left. Update of qualifications after every 4 years.If income of day is less than 0.75 euros additional 0.75 euros are added to the account by means of cyber currency for that particular and automatically deducted from the UN funding for that country.if person is aged above 55yrs restriction on transfer of card is removed and details are transferred through a formal procedure. if person is sufficiently qualified his/her records will be made part of a particular un organisation and he/she will be employed there
The company shall be setup initially in Russia followed by a chain of companies across various countries like Turkey and Slovenia across Eastern Europe.It shall eliminate any source of corruption and back money leading to a better world and safer livelihood.PRIME FACETS INVOLVED IN SETTING UP EGAR!!Literacy rates: 94.1%-Turkey99.6%-Russia99.7%-Slovenia Thus contributing to setting up the company and producing these technical products
UNEMPLOYMENT RATE- 9.04%-14.5%
MORE THE MANPOWER REQUIRED GREATER IS THE REDUCTION IN UNEMPLOYMENT
IMPLEMENTATION OF IDEAAs development of technology and setting up of company would involve lots of procedures the whole idea shall be put into place by 2019 followed by a break even point which shall be achieved in 2 years time i.e 2021
WHY RUSSIA?Russia being a permanent member of UN general Assembly shall play a pivotal role as the money accounted into the machines shall be procured from UN and Russia would play an influential role in passing of the system and proposal thus acting as the backbone for EGAR Co. Ltd. Once the funds are sanctioned and the company sets up its base in Russia it shall expand across Turkey and Slovenia thus generating employment and subsequently removing hunger and poverty from these regions
WHERE IS THE PROFIT??Making it a national identity would make it compulsory for every person to possess the card thus funds would be generated in excess at all times.With ample support from national government a share of Partnership shall be maintained with governmental organisations to earn the money.Lastly as the company is being set for a world benefit the equipments and components shall be procured at a subsidy from the government leading to large amount of profits in a short span of time.