Author(s):
Saurav and Sanjay Kumar Sharma

Abstract:
This paper explores the concept of the Standard Crypto Reserve (SCR) an AI-driven medium as a global financial standard, replacing traditional fiat currencies while ensuring economic stability and sustainability. It evaluates SCR’s potential impact on inflation, deflation, currency valuation, and international trade. Unlike fiat systems prone to inflation and deflation, SCR eliminates these risks by tying monetary valuation to a universal and immutable metric: Time. The paper also discusses mechanisms to prevent speculation, ensure accessibility, and drive global economic growth. Furthermore, it introduces a practical implementation strategy using India's UPI (Unified Payments Interface) system, allowing seamless adoption through QR-based transactions and PIN-based authorization linked to bank accounts. This is the first version of the paper to present a first view on the Standard Crypto Reserve monetary system.

Pages: 588-590

Read Full Article