AADHAAR is gradually becoming the “Most Important” digital identity (like a social security number in US) for the citizens of India. It is considered to be more important than any other identities such as Passport, Driving License, PAN card etc. as it is being recognized as the “Mandatory” proof for the authenticity of an Indian citizen, for all the Govt. as well as private transactions, starting from availing the subsidized residential gas benefits to operating a trading account or even getting a Passport. Because of this, the secured accessibility & immutability of that digital identity is very critical. The AADHAR card once issued to a citizen should not be subjected to change especially in terms of AADHAAR number, name of the person etc.; Any compromise on AADHAR can lead to problems related to mistaken identity. Storing AADHAAR information in a Blockchain platform is a natural choice , as Blockchain offers "Cryptographically" secured decentralized storage and
Blockchain could cut costs by up to $20 billion annually by 2022, according to Santander. Bitcoin and Ethereum are featured in the top trending words for Google searches Japan recognized Bitcoin as a legal method of payment Bitcoin prices have surged to hit a record high above $3,000 on June 11 Blockchain Will Be Used By 15% of Big Banks By 2017 Blockchain named by PwC and Gartner as disruptive 2017 technology Gartner projects that blockchain will result in $176 billion in added business value by 2025, and $3.1 trillion by 2030. Twenty Nationalized Banks in India formed a consortium called "BankChain" to adopt Blockchain By looking at the above facts , you would have realized how "Blockchain" is emerging as a next big wave and how important it is to recognize the fact that going forward , everything in this world is going to revolve around this new Avatar. we cannot think it as just one other technology trend. It is considered as "new"