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Srikanth Nadhamuni
Board Member at HDFC Bank
Srikanth Nadhamuni is the CEO of Khosla Labs, a startup incubator founded with Vinod Khosla, focused on leveraging technology to address challenges through new ventures.
He serves on the Board of HDFC Bank and is the chairman of Novopay, a fintech company specializing in payments and banking services via smartphone-enabled outlets and Aadhaar MicroATMs.
Formerly, Srikanth was the 'Head of Technology' at the UID Authority of India, leading the setup of the Technology Center for the development and implementation of the Aadhaar system, India's unique National ID project.
He co-founded the eGovernments Foundation in 2003 with Nandan Nilekani, aiming to enhance governance and public service delivery in Indian cities through Municipal ERP solutions, now operational in over 400 Indian cities.
Srikanth Nadhamuni's expertise spans a wide array of domains, including idea implementation, startup guidance, creation of National ID systems, identity management, biometrics, urban governance, municipal eGovernance, and chip design.
His educational background includes a Master's degree in Electrical and Computer Engineering from Louisiana State University and a B.E. in Electronics & Communication from the University of Mysore.
His professional journey features leadership roles in various organizations such as Novopay Solutions, Khosla Labs, HDFC Bank, UID Authority of India, eGovernments Foundation, GlobeTrades Inc, Healtheon - WebMD, Silicon Graphics Inc, Intel Corp., and Sun Microsystems Inc.
Highlights
Do you know if the person talking to you on zoom or a dating-app is a real human?
Extremely realistic deepfakes in voice, image and video are imminent due to rapid advances in AI. Read the “Personhood Credentials” paper where I'm a co-author with contributors from OpenAI, Microsoft, Harvard, MIT, UCB... etc. This paper tries to address the challenges posed by AI to the trust and privacy of the internet. https://lnkd.in/gbNStUaN
As AI becomes more advanced and accessible, it can generate human-like content, and actions, making it difficult to differentiate between real people and AI bots online. This indistinguishability, combined with the scalability of AI (due to decreasing costs and increasing accessibility), presents significant challenges for maintaining trust and privacy on the internet.
In the paper “Personhood credentials: Artificial intelligence and the value of privacy-preserving tools to distinguish who is real online”, we explore the concept of “Personhood Credentials” (PHCs), which are digital credentials designed to verify that an online user is a real person rather than an AI, without revealing personal information.
The paper outlines foundational requirements for PHCs, such as ensuring that each person can only receive one credential per issuer (to prevent abuse) and maintaining unlinkable pseudonymity (to protect user privacy). The PHC system must balance reducing scalable deception with preserving privacy and civil liberties.
Paper Arxiv link: https://lnkd.in/gbNStUaN
Look forward to your thoughts and feedback, as we navigate this new AI-driven landscape
Steven Adler, Zoë Hitzig, Shrey J. J., Eddy Lazzarin, Sandro Herbig, Dr. RS Sharma
Yesterday Sunita Nadhamuni(my wife) and I spoke at the CAG's (Comptroller and Auditor General) conference in Delhi about "Digital Public Infrastructure and the Gender Divide". I need to applaud the CAG Shri Girish Chandra Murmu and the Deputy CAG Ms. Parveen Mehta for bringing the issue of gender gap front and center. We are often congratulatory about India's digital public infrastructure journey and don't stop to think, if women are fully included in this empowerment and growth story.
UPI is a huge Indian success story with 12 billion monthly payment transactions, transforming the lives of shopkeepers, small businesses and rural folk alike. But yet, only 30% of those UPI users are women. A world bank study found 16% of women globally lack Identity papers/access. India has done relatively better due to Aadhaar.
We had just built the Aadhaar system and we were piloting the use of Aadhaar in Jharkhand for NREGA payments. Our regional office in Ranchi reported that women are very happy with Aadhaar. It turns out that before Aadhaar, many of the Jharkhand women (esp. rural areas) were not getting the full money which they worked for. Due to the lack of bank branches in the local village, often a middle man would go to the nearest taluk bank branch and bring back payments. But the women only received half of their money. After Aadhaar was implemented, BC agents with fingerprint devices would come to the village and disburse NREGA payments after a fingerprint authentication. So women were delighted to receive their full amount that they had worked so hard for, in their own village. Here's an example of using a DPI to help bridge the gender divide.
The Jhan Dhan Yojana greatly helped deliver financial inclusion to hundreds of millions of people. The JAM(Jan Dhan, Aadhaar & Mobile) trinity delivered on this goal, of creating bank accounts to 80% of the population, in 6yrs what would have taken 46 years to achieve [Ref: https://lnkd.in/gdNhAZQg]. It turns out 56% of these bank accounts belong to women, which is wonderful, but yet women trail men by 11% in bank account access. According to a 2020 study, women in India receive loans equivalent to only 27% of the deposits they contribute, while men receive loans equal to 52% of their deposits.
How do we bridge this gender gap?
Let's start by tracking metrics on the use of various DPI systems and transactions by women. What gets measured gets done. We can look at Aadhaar authentications, UPI txns, loans, internet access etc. for women. Once we know the extent of the gap in various sectors, set targets to bridge these gaps. While digital systems bring much convenience and productivity as evidenced by India’s DPIs such as Aadhaar, UPI, DigiLocker, ONDC etc. Like the Aadhaar story above, we can use the same digital tools and techniques to try and bridge the digital divide, that is keeping our women from marching ahead.
Indian Audit and Accounts Department (CAG India)
