GVK's Keshav Reddy bets big on India's Digital Public Infrastructure with ID platform Equal
GVK scion Keshav Reddy along with Rajeev Ranjan on Tuesday announced the launch of a platform that allows users to securely and seamlessly share digital identities and documents through one-click. The platform — Equal, is built in partnership with government-owned DigiLocker and public digital infrastructure India Stack.
It has about 10 lakh beta users across hotel and co-working space check-ins, real estate transactions and verification for employees, loan and housing finance, insurance claim, hospital check-ins, vehicle purchase, agriculture-related on-boarding, according to a release. «Equal stores all personal identifiable information and data in a data vault, and uses tokenisation to enable further level of security.
To ensure utmost protection, military-grade encryption is implemented, safeguarding the information from unauthorized access,» Reddy said. Reddy serves as the board member of Reddy Ventures, Aragen Life Sciences and the healthcare foundation GVK EMRI.
He added that the platform uses the same level of security as banks or credit card companies and further ensures all security measures undergo testing by independent agencies. While the company envisions acquiring 100 million users across existing use-case sectors and white collar to blue collar workers, farmers, borrowers and consumers, as for their international expansion plans they «remain committed to building only for the 1.4 billion Indians at this point of our journey.»
. Read more on economictimes.indiatimes.com
