The difference that I understand is AADHAR is doing physical/identity verification - ex that the person does exist and enlisted in the AADHAR database and maybe his phone number and address are verified. Well and good.
But I do not think police in India is asking for AADHAR from criminals yet. So it cannot do a criminal verification. In future employers may be able to do employment duration verification and even education verification also. However, AADHAR does not know about my resume yet so that verification it cannot do. Also, AADHAR is not yet able to do social media verification viz Linkedin recommendations, Udemy training etc.
Now if I review the list of checks conducted by the company, AADHAR actually does have an impact today or in future.
- Education --> will be impacted by AADHAR, already I know schools asking for AADHAR to issue ID cards
- Employment --> will be impacted by AADHAR
- Criminal --> Not sure
- Identity --> already impacted by AADHAR
- Database and media --> Is this social?
- Residential --> AADHAR impacted
- Reference --> Nope
- Credit check --> AADHAR impacted
- Drug test --> Possible to link with AADHAR
- Psychometric test --> Not impacted
So in my opinion, several items are getting impacted by AADHAR in not so distant future or are already impacted. This is a big risk. Also there is another major company Authbridge and others. Export potential to developed countries are minimal as I am sure there are already companies working in this field. Also its not a unique idea and they have not built their software. Instead they are relying to software from a 3rd party. I am sure its a s/w backed by big data and analytics. There is not much competitive advantage in my opinion because may be as I type some one is building a software with smart AI, data science alogrithm to come out with a much superior s/w to check resumes. Can these big HR players enter this? Yes they can anytime by using the same software.
** These are just my point of views.
** DS - not invested.