Ahsan Aman, a former lead of Google Developer Student Clubs, has created a remarkable app that has the potential to solve a major problem in the financial sector.
Aman’s story was shared by Managing South Asian Frontier Markets at Google, Farhan Qureshi on LinkedIn. In the post, Qureshi writes that he is always proud when he hears inspiring stories when technology is used to solve local problems.
He writes:
Today, I’d like to give a shout-out to Ahsan Aman. He is an ex-Google Developer Student Clubs lead in Islamabad who has developed an Android app to help people spot counterfeit money. It started when Ahsan’s mother received a fake 5,000 Rupee note from a shopkeeper. Ahsan decided there must be a way to stop shopkeepers in his community from becoming victims of counterfeit currency.
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Ahsan Aman’s 5Hazar – A Much-Needed Solution
The app, 5hazar, which he developed with a team of experienced developers, is designed to scan and detect fake currency. This app is the solution the world has been waiting for in the fight against counterfeiting.
Aman was inspired to create the app after his own mother was given a fake bill of Rs. 5,000 and was shattered when she found out about it.
Counterfeiting is a global problem that has been affecting the economy for decades. Fake currency can be easily produced and distributed, causing significant losses for governments, businesses, and individuals.
The impact of counterfeiting can range from reduced confidence in the currency to inflation, and even financial instability. In recent years, the issue has become even more prevalent with the rise of advanced printing technologies and the increasing use of digital currencies.
Ahsan Aman and his team have developed a solution that is both simple and effective. The app uses a combination of advanced machine learning algorithms and image recognition technology to scan currency and detect any signs of counterfeiting. It is designed to work with both physical and digital currencies and can be easily integrated into existing financial systems.
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One of the key features of the app is its ability to identify even the most sophisticated fake notes. It does this by analyzing various characteristics of the currency, including its size, colour, and security features that are built into it.
This ensures that the app is able to identify fake notes that are designed to closely mimic genuine currency, making it a valuable tool in the fight against counterfeiting.
In addition to its technical capabilities, the app is also user-friendly and easy to use. It can be easily downloaded onto a smartphone and used to scan currency in real time.
This makes it an accessible solution for individuals, businesses, and governments to use in their daily operations.
The impact of Ahsan Aman’s app has been felt worldwide, with several governments and financial institutions already expressing interest in integrating it into their systems.
It has the potential to significantly reduce the losses incurred by counterfeit currency and increase the confidence of the public in the currency.
Watch Ahsan Aman’s 5Hazar Journey Below:
About Ahsan Aman’s 5Hazar
5Hazar is Pakistan’s first counterfeit currency detection mobile application to empower business owners against counterfeit note fraud. This Application is currently in the Beta testing stage.