Indis Stack: Why was it developed?

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 Why IndiaStack? 

  1. Building on its earlier e-governance projects, India launched  a comprehensive programme called digital India in 2015. The objective of digital india project is to deliver citizen services  digitally and online . To realize this, it has developed the following layered services. 

  2. IDENTITY LAYER :  where Aadhaar allows the authentication of identity on demand with the need for a physical presence, as well as e-KYC (verification), eSign (Digital Signature) and Digilocker ( online document depository) 

  3. PAYMENT LAYER : where the UPI is a single interoperable interface to bank accounts effectively granting everyone mobile access to the payment system and allowing financial transactions to take place instantly , on demand and in fiat money inside financial system

  4. DATA-SHARING LAYER: where data privacy is ensured and resident data facilitate financial transactions while moving efficiently and securely based on resident ( customer) consent 

INDIA STACK 

  1. Over the years, the above collection of layers, all offered as Public Good, has come to be known as India Stack. These layers, when connected allow many different and competing solutions to appear for technologically challenges , all capable of scaling up.  India Stack promotes a host of services- ranging from government to citizen, business to business, business to customer and citizen to to citizen services. India Stack is an example of how a unified, multi-layered set of digital platforms provided by the government , provides business, startups and developers significantly improved  financial, educational, health and other services.