The Benefits of IndiaStack

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 The Benefits of IndiaStack

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IndiaStack has become the underlying platform for digital India. It provides a technical and collaborative infrastructure upon which digital India can grow, evolve and innovate. The expanding set of APIs operating on IndiaStack allows governments, businesses, startups and individual developers to use the digital infrastructure to achieve new types of presence-less, paperless and cashless service delivery. 

  • The Aadhaar “presence-less layer” provides Indian citizens authentication services that are essential for robust digital governance. 

  • The “paperless layer” supports paperless transactions through digital signatures, which eliminate the need for paper collection and storage.

  •  The “cashless layer” offers unified and universal online payments. 

  • And the “consent layer” makes it possible to securely provide Aadhaar details to service providers. 

IndiaStack provides the digital infrastructure to link more than a billion consumers with developers, start-ups, enterprises, government and other organizations. It includes common specifications to enable developers to provide services  on top of the core APIs to create new compelling digital solutions. 

The expected outcome of all of the exchanged data and transactions in this digital-first ecosystem is expected to take India from being a “data poor” to a “data rich” nation in five years.10 IndiaStack is significantly lowering innovation costs, which makes it easier for businesses to build digital solutions. 

Using IndiaStack, Indian organizations are able to tap new opportunities to reinvent and improve existing applications and services, such as back-office processes and administration. Digital transformation of remaining manual-ridden functions such as employee recruitment and onboarding, document collection and ID management become not only possible but inevitable. And once the digitization of underlying processes and functions has been completed, organizations will be positioned to fully embrace conception and development of potentially disruptive new business models.

 

  Consent layer 

  Consent layer Permission on demand 

 

  Cash-less layer 

  Financial transactions on demand 

 

  Paper-less layer  

    Documents on demand 

  Presence-less layer  

    Authentication on demand 

 

 


Figure 1: The IndiaStack digital infrastructure 

 

Benefits: 

  • Reduce cost of service delivery  

  • Enable easy development and faster deployment 

  • Expand access to large user base 

  •  Increase focus on innovation