India leaves America far behind in innovation with its digital initiative
Viewed from Silicon Valley, the progress that India has made in building a digital infrastructure, evokes awe. The American technology industry fancies itself as the global leader in innovation, yet India has leapt far ahead.
Silicon Valley’s technology investors hype complex technologies such as bitcoin and blockchain. But India, with simple and practical innovations and massive grunt work, has built a digital infrastructure that will soon process billions more transactions than these do.
India is about to skip two generations of financial technologies and build something as monumental as China’s Great Wall and America’s interstate highways.
Though few people in the West know of Aadhaar, it has been the largest and most successful information technology project in the world. Ther...