Cloud Computing Technology for Digital Economy

Bommala Harikrishna *, S. Kiran**
* Department of Computer Science and Engineering, KG Reddy College of Engineering & Technology, Moinabad, Telangana, India.
** Department of Computer Science and Engineering, YSR Engineering College, Proddatur, Andhra Pradesh, India.
Periodicity:January - June'2020
DOI : https://doi.org/10.26634/jcc.7.1.17307

Abstract

The society is getting more and more electronic every day, as the usage of the hard currency from their pockets is now reduced to the e-cards or online. In India, the flow of money from a person pocket has changed in the recent decades. This paper’s main aim is using cloud computing technology for the cashless economy in India by strong bond and relationship with the cloud computing technology and cashless economy. The scope of advanced research technology by using cloud computing technology in the current financial system, block chain technology should be implemented, as it has leverage over crypto currency that can help counteract money laundering and terrorist funding in the country and around the world to accomplish the cashless economy in India. The statistical report relayed that the present online banking transaction system is highly secure enforcing about 15% of people's transaction in India.

Keywords

Cloud Computing, Fake Currency, Reserve Bank of India, Cash-less Economy, Unified Payment Interface, Blank Money.

How to Cite this Article?

Harikrishna, B., and Kiran, S. (2020). Cloud Computing Technology for Digital Economy. i-manager's Journal on Cloud Computing, 7(1), 1-11. https://doi.org/10.26634/jcc.7.1.17307

References

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