India’s digital ID architect tells an IMF panel that everybody should have a digital ID

India’s digital ID architect tells an IMF panel that everybody should have a digital ID, a bank account, and a smartphone as they are the “tools of the New World” for digital public infrastructure.

According to WEF digital identity insight report from 2018, “This digital identity determines what products, services and information we can access – or, conversely, what is closed off to us.” 

Digital identity is also key to CBDC rollouts.

According to the Bank for International Settlements (BIS) Annual Economic Report 2021, “Identification at some level is hence central in the design of CBDCs. This calls for a CBDC that is account-based and ultimately tied to a digital identity.”

In addition to spearheading India’s digital ID scheme during his tenure as chair of the UIDAI from 2009-2014 and being a co-founder of tech giant Infosys, Nilekani has held high-level positions at Reuters, the World Economic Forum, and the World Bank Group’s Identification for Development (ID4D) Initiative

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