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Please use this identifier to cite or link to this item: https://repository.iimb.ac.in/handle/2074/13572
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dc.contributor.authorBasu, Sankarshan
dc.contributor.authorKrishnamurty, S
dc.contributor.authorRoy, Shyamal
dc.date.accessioned2020-07-22T14:43:13Z-
dc.date.available2020-07-22T14:43:13Z-
dc.date.issued2016-12-07
dc.identifier.urihttps://repository.iimb.ac.in/handle/2074/13572-
dc.descriptionThe Hindu Business Line, 07-12-2016
dc.description.abstractHere’s how an economy that swaps currency for ‘byte money’ will work — no bribes and no deforestation. GORU (Government of the Democratic Republic of Utopia) has decided to abolish paper money and instead ‘print’ only ‘byte money’. Technologists came out with a unique non-counterfeitable algorithm and configured byte money in various denominations of the Utopian rupee (UR) up to 1 million UR. The Reserve Bank of Utopia (RBU) , in charge of ‘printing’ the byte money, transferred huge amounts of it to various banks through computers, in exchange for paper currency surrendered by the banks. This new currency was named the Utopian byte rupee (UBR). Read more at: https://www.thehindubusinessline.com/opinion/creating-a-cashless-utopia/article9416230.ece
dc.language.isoen_US
dc.publisherTHG Publishing Pvt. Ltd.
dc.subjectEconomics
dc.subjectCashless transactions
dc.subjectUtopian byte rupee
dc.subjectUBR
dc.subjectBribes
dc.subjectByte money
dc.titleCreating a cashless utopia
dc.typeMagazine and Newspaper Article
dc.identifier.urlhttps://www.thehindubusinessline.com/opinion/creating-a-cashless-utopia/article9416230.ece
dc.journal.nameThe Hindu Business Line
Appears in Collections:2010-2019
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