“The greatest gift is a portion of thyself.”
– Ralph Waldo Emerson
Blackhole
India’s Supreme Court held as “unconstitutional” the use of Aadhaar by private companies
This is a body blow to India Stack, the ambitious platform based on Aadhaar
Even if new laws are created to permit the use of Aadhaar, their scope will be severely curtailed
Will this be the beginning of the end of India Stack?
When stars die, they go out with a whimper, not a bang. The really large ones often end up as black holes.
Such seems to be the fate that awaits the sun that had positioned itself right at the centre of India’s digital ecosystem, India Stack. Appearing seemingly out of nowhere around five years ago, India Stack quickly became the gravitational centre around which India’s banking, telecom and fintech planets started revolving.
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