In this video:
Neeraj Jain, Vice President, Network Enhancement, ONDC
Topic: Transforming Digital Commerce through Open Architecture
Key Highlights:
[1] Government policies, like the DPDP Act, play a crucial role in fostering innovation and setting the framework for digital infrastructure
[2] Data, particularly in India, is a key asset for innovation in sectors like AI, digital payments, and digital identity
[3] India is building scalable, modular infrastructure rather than monolithic systems, allowing flexible integration of new technologies like AI into platforms like UPI and Aadhar
[4] The focus is on creating open-source, interoperable networks, where the government facilitates but doesn’t control, allowing market participants to innovate freely
[5] The Indian model of open networks and decentralized governance can be replicated globally, offering a robust, privacy-centric approach to digital transactions and services