Aadhaar

“Every economy should have a stable coin. The Indian government should issue a stable coin, and then great place to do it with the Aadhaar system.”

“And we have we did a very poor job of that with Aadhaar, better job with UPI, better still with Depa.”

“And I think that's when the data came out that there are approximately about 50, 51 crore people who've actually linked their pants with Aadhaar.”

“No, the government asked me to build a unique ID. There was no digital in it. I made it digital.”

“I was in the government for about four and a half years, and I had made a commitment that I would deliver six hundred million people with Aadhaar by the time I quit, and I did that. So when I stepped down, I had, you know, six hundred million people had an ID,…”

“So on the normal GDP, if you had looked at it, it'll take in 46 years to get to the level of banking penetration that we did in nine years, because you accelerated with digital technology.”

“Till date, we don't have a incident which is verified where the, that Aadhaar database has been breached. So people crying Aadhaar data breached, which is wrong. So that infrastructure was never breached according to my knowledge.”

“So we were the first broker to digitize when Adhar launched.”

“That same month we went from opening up like 200 accounts a month to opening up a thousand accounts a month.”

“We are unique in the world in the sense of having large public digital infrastructure and population scale. So we have 1.3 billion people with a biometric unique ID, right?”

“So we took a one crore angel check from some guys who are frankly, who were willing to bet on my track record and whatever I had done at Aadhaar. So most of them were Aadhaar people only.”

“The project, you know, that he worked on actually changed the biometric identification system in India and served as a base for, you know, what eventually turned out to be Aadhaar. And he has worked on, you know, in the first, you know, million enrollments tha…”

“Yeah, it's really cool, you know, what the government has done in India and UPI, Aadhaar these are all really smart things that the Indian government has pioneered for the rest of the world, and it'll be interesting to see where else these things happen. Hones…”

“As some of you may know, the Aadhaar program, you know, Nandan had brought in about 15 to 20 people from the private sector as full-time volunteers, some as little as three months, some lasted, you know, four to seven years.”

“India has Essentially enrolled the country of Singapore every week nonstop for six years in a row, or the country of Australia every month nonstop for six years in a row to get it to, you know, over a billion users now.”

“At the rate of one and a half million a day, they're gonna go for another two and a half years before everybody's on.”

“Now, this is running on MapRDB in four data centers worldwide, in across India.”

“We gave it for free, by the way, right, because we thought it was very important.”

“There's nine hundred and thirty million people online right now.”