Aadhar, Part 2: India Stack
Ok, so Aadhar was now being deployed the way it was designed : for incentive driven usage. The deployed Aadhar soon took shape into what is now called India Stack. India Stack has 5 elements, as the book, The Aadhar Effect , explains: eKYC : an electronic KYC that would be acceptable proof of identity; Aadhar Payment Bridge : Your Aadhar ID became your financial address. By definition, it would be unique for each person; eSign : Digital signature that one could affix to documents; UPI : Or Unified Payment Interface. “A platform on which payment apps can be built and money transferred”. Examples include the government’s BHIM app, PayTm, Google Pay and WhatsApp Pay; Consent Layer : To share personal data with, say, a bank, university or employer for a limited period for a specific purpose. Note that not all of these were visualized by Nilekani himself, but he had designed the system in a way that allowed for such innovations. To see how all this adds valu...