
newsAug 20, 202156:51pending
Inside India’s Aadhaar, the World’s Largest Biometric ID System
About this episode
Blockchain technology has accelerated conversations around decentralization, anonymity, agency and empowerment around the world. On this week’s “Money Reimagined,” hosts Michael Casey and Sheila Warren are joined by two experts to discuss digital security and privacy, with a focus on India.
This episode is sponsored by Unique One Network.
Dr. Usha Ramanathan is a lawyer and human rights activist in India. She has worked since 2009 to critique and challenge India’s controversial digital identity program. Marta Belcher serves as general counsel of Protocol Labs, chair of the Filecoin Foundation and special counsel to the Electronic Frontier Foundation. Belcher recently testified on crypto before the U.S. Senate Committee on Banking, Housing and Urban Affairs.
Initiatives have been popping up around the globe, claiming to address social issues such as banking the unbanked, humanitarian data within refugee camps and identification programs to increase access to governmental programs. There is a romantic appeal to believing these initiatives are built upon a foundation of good intentions, but the reality is often far more complicated, with motivations like a simple money grab, user data collection, or surveillance coming into the mix. And regardless of intentions, these efforts often result in harmful consequences to the users they are engaging.
India’s Aadhaar structure, a biometric, digital and physical identity system, is the world’s largest biometric ID system. It is highly centralized, and the data honeypot it presents has gotten the government of India in trouble more than once. An increasing number of systems, from the mundane like grocery shopping to the official like marriage registrations, require an Aadhaar number.
And it’s not a perfect system. Individuals can and have been barred from receiving essentials because of technical snags in the registration process with Aadhaar. The system also brings up serious privacy concerns.
While some choose to use blockchain technology for its ability to transact anonymously, others work towards establishing digital self-sovereign identity solutions. Where is the balancing point between anonymity and ease of use? Is the additional space anonymity provides around an individual essential to their rights in markets and society?
-
Unique One Network is an interoperable Platform for DeFi enabled NFT Marketplaces, in a variety of sectors, built on Polkadot Parity Substrate. Unique One Network’s crosschain NFT hub facilitates transfers between a variety of blockchains and ecosystems, unleashing the power of NFTs with myriad innovative capabilities. Find out more at Unique One Network.
-
Image credit: anand purohit/iStock/Getty Images Plus, modified by Coindesk
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Get every episode summarized
Each time Money Reimagined publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.
Email me new episodesFree for 3 shows. No card needed.
Hosts & guests
No transcript yet
This episode has not been transcribed. Request it and it moves to the front of the queue.
More episodes
More from Money Reimagined

Crypto's Future of Policy, Politics, and the Fight for a Pro-Crypto Government
Money Reimagined
Jun 14, 202455:03pending

Embracing Nuance and Logic | The Diverse Community of Crypto
Money Reimagined
Jun 5, 202431:32pending

'Tokenization Is the Future of Real Assets.’
Money Reimagined
May 22, 202433:38pending

Future-Proofing Finance: MICA, Crypto Disclosure, and Global Regulatory Challeng...
Money Reimagined
May 18, 202439:43pending