India’s Own Crypotocurrency to Make Aadhaar Secure: Aadhaarcoin

Aadhaar is the world's biggest biometric ID system. Paul Romer, Chief Economist of World Bank portrayed Aadhaar as "the most advanced ID program on the planet". Aadhaar activity has helped India jump into the advanced age, at a pace considerably quicker than the vast majority of the created financial aspects around the globe. 

According to the ongoing focal government information, Aadhaar based direct endowment exchange (DBT) programs has prompted sparing worth INR 57,029 Crore ($8.2 Bn) till 2016-17. Has Aadhaar helped us spare billions, as well as poked millions (possibly billions) of people to join the formal saving money economy.

I have almost certainly that in the long haul; Aadhaar will be the most refined installment stage on the planet and we have Mr. Nandan Nilekani and his splendid group of visionaries to thank for.

Be that as it may, inquiries on Aadhaar information protection by Supreme Court, private subjects, and media offices have been frequenting UIDAI (Aadhaar organization) and Govt. of India. These inquiries are genuine and there are some genuine protection issues that the Aadhaar program needs to address. Around 1.2 Bn Indians private delicate data is being put away in a unified database of UIDAI.

Regardless of what number of articulations UIDAI authorities discharge that the database is protected and secure, it is difficult to accept. These sort of focal databases are a nectar pot for digital fear based oppressors and even outside governments. Ask Edward Snowden, who is a blunt faultfinder of Aadhaar and the power it holds over Indian subjects.

The fact of the matter is Aadhaar is an incredible innovation creation. In any case, similarly as with all innovations, it should be refined after some time to improve it, speedier and more secure.

There is a great deal of publicity around blockchain innovation and its application, and as it should be. The blockchain is an appropriated record innovation that enables all individuals to record exchanges in a decentralized information log kept up on a system of PCs, instead of a solitary database.

Exchanges must be affirmed through agreement, and everything is anchored through cryptography. What makes blockchain so special is that information put away on its systems is straightforward and upright.