The world stands at an inflection point. Open networks are
democratising commerce, and AI is poised to democratise intelligence.
If these two forces learn to move in harmony, humanity has a genuine chance at
a more equitable future. That was the spirit with which I opened the panel at
the AI Summit, because the question before us is no longer whether technology
will transform society, but who it will transform it for.
The Historical Warning We Cannot Ignore
Every major technological revolution has reshaped the world.
The Industrial Revolution unlocked unprecedented productivity, new
infrastructure, and innovations across defence, travel, textiles, and more. But
it also carried a darker truth: the very technologies that enabled progress
were weaponised by a few to conquer, colonise, and control many. The benefits
were not shared; they were extracted.
Today’s digital revolution risks repeating that pattern.
What began as a promise of openness, participation, and inclusion is drifting
toward concentration, gatekeeping, and digital colonisation. The “digital
continent” we are building could easily become another empire, unless we choose
a different path.
India’s Answer: Digital Public Infrastructure
India chose that different path. We built Digital Public
Infrastructure (DPI) to reverse the trend and make the digital world
genuinely democratic. Two principles define DPI:
- Unbundling
-separating layers so innovation can flourish independently
- Interoperability
- ensuring systems talk to each other, not lock users in
These principles have already reshaped payments through UPI
and are now re‑architecting commerce through ONDC. Open networks do not replace
markets; they redesign markets. They create common rails that:
- Lower
entry barriers for small businesses
- Enable
competition without fragmentation
- Allow
innovation to happen at the edges, not only at the centre
In ONDC’s case, the goal was never to build another
platform. It was to make commerce itself a shared public capability accessible
to kirana stores, micro‑entrepreneurs, logistics providers, startups, and
consumers alike.
The Internet of Transactions
We are entering a new phase of the internet—one that is not
just a network of information but a network of transactions. This new
architecture will be:
- Interoperable
- connecting diverse actors across sectors and borders
- Inclusive
- enabling participation without gatekeepers
- Iterative
- evolving through feedback and experimentation
- Infrastructure‑led
— built on public digital rails, not private silos
This is how we build choice without coercion, scale without
centralisation, and innovation without inhibition.
Why This Matters for the Global South
For the Global South, the stakes are even higher. These
nations face a dual challenge: massive scale and deep diversity on one side,
and resource constraints on the other. The real questions are:
- Who
benefits from scale?
- Who
controls the ecosystem?
- Who
gets left out?
Open networks emerged precisely to address this tension.
They are not a technical alternative; they are a governance choice, a
choice to separate infrastructure from innovation, protocols from platforms,
and power from participation.
As ASEAN, Africa, and other regions explore open digital
infrastructures, India’s experience offers a blueprint: open networks can shift
the centre of gravity from a few dominant players to millions of participants.
When AI Meets Open Networks
AI can turbocharge open networks. It can:
- Expand
market access for small merchants
- Improve
discovery for consumers
- Enable
smarter matching between buyers and sellers
- Strengthen
trust through fraud detection and verification
But AI also introduces a new risk: concentration of power.
If intelligence becomes centralised, we risk replacing platform monopolies with
algorithmic monopolies.
The question is not whether AI should be used, it must be.
The question is how.
In open systems, AI must be:
- Augmentative,
not extractive
- Contestable,
not monopolised
- Diversity‑enhancing,
not concentration‑driven
- Accountable,
not opaque
This requires careful choices about where intelligence
resides, at the edge or only at the core, with users or only intermediaries,
governed by rules or by defaults.
Open networks give us a chance to build AI‑enabled markets without
creating AI‑driven monopolies. But this is only possible if governance evolves
as fast as technology.
Governance: The Quiet Hero of Digital Transformation
Governance is the least glamorous part of digital
transformation, but it is the most decisive. Open networks must answer
foundational questions:
- Who
sets and evolves the protocols?
- How
are disputes resolved?
- How
is compliance enforced without stifling innovation?
- How
do we maintain neutrality as ecosystems scale?
As AI becomes embedded, governance must also address:
- Algorithmic
accountability
- Data
rights and consent
- Cross‑border
interoperability
- Long‑term
stewardship
These are not technical questions, they are institutional
ones.
The Real Impact: Participation, Not Just Transactions
Open networks fundamentally change who gets to
participate in the digital economy.
- Small
merchants reduce dependence on a single platform
- Startups
lower customer acquisition costs
- Consumers
especially the marginalised, gain choice and transparency
- Economies
become more competitive and resilient
In the Global South, where informality is high and trust is
fragile, this is transformative. When layered responsibly, AI can amplify this
impact, making services more accessible, markets more efficient, and systems
more responsive to local needs.
But inclusion is never automatic. It must be designed,
governed, and defended.
What Will Define Success
The success of open networks in the Global South will not be
measured by transaction volumes or the sophistication of AI models. It will be
defined by:
- Diversity
of participants
- Resilience
of governance
- Fair
distribution of value
- Ability
to innovate without concentration of power
This is difficult work, but it is essential work.
As we move into the panel discussion, we bring together
perspectives from global finance, digital infrastructure, market ecosystems,
and public policy. The goal is not just to share insights but to shape the
collective learning that will guide the next decade of digital transformation.
“AI will amplify whatever
architecture we build. If we build open networks, it will amplify inclusion. If
we build silos, it will amplify concentration. The choice is ours—and it is
urgent.”

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