What do I particularly like about India's Aadhaar System? Before I answer that, please have a watch of this short video.
Here's what Mr. Nilekani highlighted in the video presentation (see below)...
* Over 1 billion Indian residents have an Aadhaar account already and this was achieved in just 5.5 years.
* Aadhaar provides online authentication in real time. A person can go anywhere and provide their Aadhaar number and it gives authentication in real time.
* No one else in the world has this system in place.
* The Aadhaar system can authenticate 100 million transactions per day, in real time with capacity to grow exponentially as more and more people use the system.
* It's also been designed to work with future devices. That's what the Chief architects had in mind from the start. It's also open API.
* With the Aadhaar system integrated into smartphone it becomes a one click, two factor authentication. The smartphone one factor, the Aadhaar second factor.
* The only country in the world where both factors of authentication are available as open platforms.
* In other words anyone can create a better experience than anything currently on the market with a little innovation. That's the power here.
* But it's what was highlighted about the UPI system in this article that has me most interested http://yourstory.com/2016/07/india-stack/
* UPI, Aadhaar and smartphone will all be synched!
* Mobile commerce is a high priority on TSI India's list.
You all know what my dream market is. UPI, remittance markets all go hand in hand.
Other reference:
Tony
- Forums
- ASX - By Stock
- VOR
- Ask Q directly to Ceo (gary froster) and post here
Ask Q directly to Ceo (gary froster) and post here, page-32
-
- There are more pages in this discussion • 148 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VOR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online