Congratulations, Shri Nilekaniji,
Context :
Account Aggregator framework to replicate UPI's success, says Nandan Nilekani / Eco Times / 02 Sept 2021
Nilekani sees UPI-like Magic in AA System / Print Copy of Eco Times / 03 Sept 2021
Extract :
Ø India is the first country globally to introduce such a techno-legal framework that allows for the regulated flow of financial data between entities that have information and those that want to use that information to provide services. This will happen through account aggregators and with the consent of the individual owner of that financial data.
Ø As of Thursday eight major banks - State Bank of India, ICICI Bank, Axis Bank, IDFC First Bank, Kotak Mahindra Bank, HDFC Bank, IndusInd Bank, and Federal Bank - have joined the account aggregator network, representing almost 40% of all bank accounts in the country, iSPIRT said.
Ø “We can confidently say that no other country in the world has developed such a thorough and robust architecture, for a population of a billion people and 15 million businesses to take advantage of their own data to improve their lives,” Nilekani added, calling account aggregators a truly transformational initiative.
Ø “ Besides, a similar framework is being considered for aggregating Medical Data and Health Records that individuals can share easily when they require access to those services “ , he added
Ø He said the model of allowing not only enterprises but also INDIVIDUALS and SMALL BUSINESSES to leverage data was slowly getting global recognition. Many countries grappling with the issue of HOW TO DEAL WITH CITIZENS’ DATA, have come forward to understand the Indian model , he added
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MY TAKE :
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[ A ] Account Aggregation
My blog : A Matter of Time …………………………………..[ 03 Jan 2017 ]
Extract :
So, just wait to find out which Mobile Wallet comes up with the following " innovations " FIRST :
* All bank accounts of a person ( in different banks ) become inter- operable / fungible ,
through seamless interlinking , using Aadhar / UPI Interface in a Mobile Wallet
No need to " select " a particular bank name
* All transactions using a Mobile Wallet, automatically entered in BLOCK-CHAIN database
commonly shared by ALL banks
* Wallet based algorithm will move funds across different bank accounts for best yield ,
constantly searching for best interest rates offered by banks on Fixed Deposits.
No rocket science here considering availability of " BEST PRICE " apps for thousands of
goods and services
And since computing power of mobiles are doubling every 18 months ( Moore's Law ),
nothing will stop algo-trading through a Mobile Wallet , as well ! ( Demat A/C on Wallet ? )
[ B ] Medical Data and Health Records
My Blog : Modicare : A Game Changer …………………………..[ 14 Feb 2018 ]
Extract :
MY SUGGESTIONS :
Ø The scheme must cover
# Supply of Medicines / Medical Devices ( both , preventive and curative )
# Delivery of Services ( Diagnostic / Nursing / Hospitalization )
# Pregnancy / Delivery related medicines / investigations / hospitalization
Prices for each / all of these must be fixed and published , not only on the web
site of the Health Ministry but at ALL places where medicines or services are
getting delivered
Ø Each eligible family member to be issued a “ Ayushman Card “ ( linked to Aadhar ID )
Ayushman card will have inbuilt memory capacity to store that person’s health data from “ Cradle to
Grave “ ( Privacy advocate need not worry ! )
Ø All the Health Data of all 50 crore beneficiaries to be stored on a Central Server for BIG DATA analysis, in order to “ Predict “ WHO might become susceptible to WHICH ailment and WHEN
Ø As an alternative, a GPS enabled / NFC capable Smart Phone pre-loaded with AYUSHMAN MOBILE APP , could be considered to replace the card
Ø Ayushman Eco System shall consist of :
# 50 crore poor beneficiaries
# All Medical Practitioners of India ( Allopathic - Ayurvedic – Homeopathic )
# All Medical Shops of India ( including E – Pharmacies )
# All Nursing Homes / Hospitals / Diagnostic Centres / Health Centres etc
# All Pharma Companies
# Health Ministry
# All India Medical Association
# All India Organization of Chemists and Druggists ( AIOCD )
# Drug Controller General of India
# All Medical Colleges / Medical Research Centres
# Any other entity which I might have missed out
Ø The Ayushman Eco System shall be built around the BLOCK-CHAIN technology , which will be the main operating system for implementation of the AYUSHMAN PROCESSES , described in my following earlier blogs ( sent as emails to Cabinet Ministers / Niti Aayog )
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[ C ] How To Deal With Citizen Data
Dear Shri Nilekaniji,
In this matter, the principles that should guide the development of Indian Model, should be :
# Personal Data is the property of each citizen . He is the sole owner of his data
# Inherent in this concept of DATA OWNERSHIP, is the RIGHT TO SELL his data to anyone
# No business ( whether Online or Offline ) shall collect / compile such data, without explicit permission of
the data-owner
# Even when such permission is granted by the data-owner, he may dictate the PRICE / PAYMENT for
SELLING his property ( data )
# For different EXTENT ( level ) of data, the data-owner may fix different SALE-PRICES
# For obtaining certain services ( from Service-Suppliers ), he may give away certain MINIMUM PERSONAL
DATA, for FREE ( Eg; reading online news / conducting searches on Search Engines etc )
# No Online Service Provider ( Social Media Sites ), shall surreptiously collect any Personal Data of its Users
For implementation of proposed Indian Model, I urge you to consider my detailed suggestion , described in :
Ø Digital Dividend from Demographic Data ……………………[ 14 Feb 2019 ]
Ø SARAL ………………………………………………………………
Ø Privacy for Sale …………………………………………………………….
Ø A Matter of Motive …………………………………………………………[ 04 Aug 2018 ]
With Regards,
Hemen Parekh / hcp@RecruitGuru.com / 04 Sept 2021
RELATED READINGS :
Ø China reigns in Big Tech : - at Algorithm level ……………….[ 30 Aug 2021 ]
Extract :
It is obvious that the Chinese strategy revolves around implementing following KEY CONCEPTS :
# user data… are public resources
# creation of a state-supervised market for such information
# foundations for it to be traded domestically
Ø Congratulations, David Temkin ………………………………………[ 04 Mar 2021 ]
Ø Bulk Data Sharing / Selling Policy ? ………………………………[ 12 Mar 2019 ]
Ø Released : Govt Policy for Selling Personal Data…………… [ 05 Sept 2020 ]
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Ø Chasing a Mirage ? …………………………………………………………[ 27 Jan 2021 ]
Copies sent to :
# Shri Nandan Nilekani ( nandan@
# Shri Amit Ranjan ( iSpirt Team / amitranjan25@gmail.com )
# Shri Pramod Verma ( IndiaStack Team / pramodkva
# Sir Tim Berners-Lee ( Inrupt / timbl@w3.org )
# Mr John Bruce ( Inrupt / John.Bruce@gmail.
Ø Released : Govt Policy for Selling Personal Data …………..[ 05 Sept 2020 ]
Ø Peter : The Second………………………………………………………….. [ 11 Nov 2018 ]
Ø Brittany Kaiser : You are right………………………………………… [ 19 Sept 2018 ]
Ø “ Pods ” ; Prescribed by ( Dr ) Tim Berners-Lee ……………..[ 23 Jan 2021 ]
Ø Contract for the Web …………………………………………………………[ 06 Nov 2018 ]
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