India is transitioning from an offline, small-scale economy to a high-productivity online economy.
Digital public infrastructure, including digital IDs and registries, is enabling this transition.
The infrastructure for data empowerment and AI is being developed.
💡 India has implemented a digital infrastructure at population scale, enabling billions of transactions and IDs.
💪 The combination of digital infrastructure, startups, and technology talent has created numerous innovative possibilities for the transaction economy.
🌐 Despite market fragmentation, a significant portion of India's economy, including retail and transportation, is still driven by small-scale businesses.
🔑 Platforms have made a big difference, but they only cover a small part of what is possible.
🌐 Open networks like ONDC allow everyone to participate and operate at population scale, leading to market expansion.
💳 Interoperable payment systems like UPI have enabled 350 million people to make 9.66 billion transactions monthly at 50 million merchants.
🔑 The use of open networks and protocols allows for the unbundling of the Discovery, ordering, fulfillment, and return process in e-commerce, enabling multiple actors to connect and collaborate.
🌍 By implementing this open protocol, there can be a significant increase in digital consumption, active e-commerce users, and the presence of small and medium enterprises in the e-commerce industry.
💡 The Beckon protocol is evolving as a key tool for Discovery and fulfillment at a population scale, revolutionizing the way people interact and participate in e-commerce.
🚖 The namay yatri app allows direct payments to auto drivers, with 1.6 million users already registered.
🌐 The beckon protocol has applications beyond commerce, including education, skills, and job discovery.
🔋 Beckon can be used in the green economy to create an interoperable network of decentralized energy sources and storage.
🔌 The protocol discussed in the video enables an interoperable charging network, allowing vehicles to charge anywhere without the need for multiple apps or different charging standards.
🔄 The protocol also facilitates the reuse and circular economy by providing a complete reverse logistics system, allowing producers to send back packaging and enabling various circular economy possibilities.
🔍✨ The protocol forms the fifth pillar of DPI, enabling discovery and fulfillment across suppliers and products, revolutionizing the way we do business.
⭐ Nandan Nilekani discusses the success of Aadhaar KYC in India's tech industry.
📱 The popularity of Aadhaar KYC in the mobile industry was due to Jio's rapid customer enrollment.
💼 New players like Paytm and IDFC Bank were the first to adopt Aadhaar KYC for banking services.
💡 Success in leveraging new technologies often comes from companies unburdened by conflict or baggage.
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