This story is from September 14, 2024
'Will take digital public infrastructure stack to 50 nations'
BENGALURU: Infosys chairperson and the brain behind digital public infrastructure (DPI) Nandan Nilekani said that a project is on to take DPI to 50 countries in five years. Some DPI projects are going on now in about 15 countries with help from Nilekani's team.
Nilekani said the team is now working to create an open network for transactions in the energy & mobility segments. Another pet project, he said, is tokenisation of financial assets, or the concept of finternet. Finternet aims to create a network of interconnected financial ecosystems, much like how internet connects various information networks. The goal is to empower individuals and businesses by placing them at the centre of their financial lives, making transactions faster, more efficient, and more accessible.
Speaking at the same event, Amazon's CTO Werner Vogels pointed out that the e-commerce company is first a tech company and then a retailer, as the focus is always on building the right tech stack.
Tired of too many ads?go ad free now
"The whole stack is a little complex to pull off, but a lot of the pieces of this are getting rolled out in many countries," Nilekani said at an event in Bengaluru.Nilekani said the team is now working to create an open network for transactions in the energy & mobility segments. Another pet project, he said, is tokenisation of financial assets, or the concept of finternet. Finternet aims to create a network of interconnected financial ecosystems, much like how internet connects various information networks. The goal is to empower individuals and businesses by placing them at the centre of their financial lives, making transactions faster, more efficient, and more accessible.
Speaking at the same event, Amazon's CTO Werner Vogels pointed out that the e-commerce company is first a tech company and then a retailer, as the focus is always on building the right tech stack.
Start a Conversation
Popular from Business
- Rs 12 lakh crore loans written off in 10 years, half of it by PSU banks in last 5 years
- Switzerland suspends most favoured nation status to India, cites Nestle verdict
- Luxury brands bet on India's nouveau riche
- Gold rally may slow down in 2025: WGC
- Rate cuts this week to end year of easing
end of article
Trending Stories
- India’s richest men, Mukesh Ambani & Gautam Adani, drop out of elite $100 billion net worth club: Report
- Tamil Nadu NEET PG 2024 counselling schedule revised for round 2, fresh dates issued: Check official notice here
- Stock market today: BSE Sensex opens over 150 points down; Nifty50 below 24,750
- Rs 12 lakh crore loans written off in 10 years, half of it by PSU banks in last 5 years
- H-1B visas: Approvals for Indian IT firms half since 2015! Elon Musk’s Tesla shows significant increase
- India to be global submarine building hub? Germany’s Thyssenkrupp eyes P75I contract, offers to make submarines here
- Aadhaar Card update for free: Deadline for free update ends on December 14, 2024 - how to update Aadhaar online
Visual Stories
- NEET UG 2024 result awaited: Top 10 NIRF-ranked medical colleges of India
- 7 New Expected Bullet Train Routes in India
- 10 Upcoming High-Speed Expressways That Will Change Highway Travel In India
- 8 Transformational Indian Railways Projects You Shouldn’t Miss
- Why Sensex, Nifty50 Hit New Highs, M-Cap At $5 Trillion: Top Reasons
UP NEXT