(2/10) GOI's press release explains E-voucher as a 'digital payment option which enables financial transactions linked to a specific purpose which can be used only by the intended user'
What does that mean?
(3/10) E-vouchers are digital gift cards built on top of UPI.
Basically, GOI can now create a subsidy scheme by identifying
A) The people who need assistance
B) Shops where these guys should be able to spend
Once this is done, transfers can begin in <24 hours.
1) Building a martian identity: All citizens living in the colony must have the ability to present/demonstrate their identity in a digitalized & secure manner. Even visitors get temporary IDs which will be revoked once they leave
2) Building a commons stack: We must have standard rails to enable sharing of data, payments, communications/messages, personal information, etc. This increases productivity and reduces wastage. Specs must be open for anybody to build their own tools.