Real-Time Prototype Design for Secure Coin and Currency Recognition System for Hundi using Object Detection Algorithms
Ashwin Vijay, R Jayasree, V Gowri Priyaa, M Rithanya · 2024
This research offers an idea for an intelligent hundi system that will transform traditional donation practices by utilizing cutting-edge technology. There are several benefits to the hundi, a donation box commonly found at charitable events and places of worship, when computer vision and Internet of Things capabilities are added. First, the technology uses sophisticated image recognition algorithms to precisely identify and authenticate various coin and money denominations deposited into the hundi. This suggests that donors just need to place their cash in the appropriate slot. The kind and value of each denomination will be automatically determined by the system through the use of a combination of algorithms, including R-CNN, YOLO (You Only Look Once), and Single-Shot Detector (SSD). Second, the integration of IoT technology allows for a seamless connection between the hundi and a computer or mobile device. When donations are made, the recognised values are transmitted in realtime to a pre-designated device, allowing for immediate tracking and display of the entire amount donated. This real-time tracking feature encourages accountability and self-assurance throughout the donation process by providing transparency to both administrators and contributors. By employing sophisticated detection techniques, the system ensures that only legitimate contributions are handled, safeguarding the integrity of the donation process. When all is said and done, there are several advantages to this innovative approach. It streamlines the donation collection process by doing away with the requirement for manual donation counting and documentation. Transparency is enhanced by providing real-time visibility into donation quantities. Furthermore, accuracy is increased by automating the tracking and detection of coins and currencies. The intelligent hundi system increases the bar for efficacy, transparency, and morality in places of worship and charity by revolutionising traditional donation practices.