video format to seriel streaming converter - optical communication system

Hi.
I'm spouse to develop an optical communication system, which converts data into a light signal using high power LEDs. For that, I need to design a "black box" which receives data from some kind of sensor (video camera for instance) as an input and converts the data into a serial stream of bits which will control the LED's state ('0'- off, '1' - on).
Is the Adriano even relevant for this kind of tasks?
If so, how could it be done? And what's the maximum data rate achievable using the Adriano?

Thank you very much

What's an Adriano?

Have you considered a photodiode?

I meant Arduino Of course.
A photodiode will indeed be a part of the receiver module. My problem is actually how to convert the data from the sensor to a serial format

Where does the camera come into consideration if you know you need a photodiode?

The camera in not meant to be the part which converts the light signal into electrical signal. The camera is the sensor which produces the data I wish to transmit using the communication system. It could be any other kind of sensor (temperature, microphone etc)

OK, forget about sending video-rate data over any serial link involving an Arduino.