Resources

Events, News and Insights

Carlos Montes

NXT Conclave 2025 with HE Prime Minister Narendra Modi, @ Bharat Mandapam, 1st March 2025

Carlos Montes, Lead of the Innovation Hub for Prosperity, was invited to speak at the NXT Conclave in New Delhi, held from February 28 to March 1. The event is rapidly gaining recognition as “India’s Davos.”

During his visit, Carlos engaged in high-level discussions at the Ministry of Finance and had the privilege of exchanging insights with Prime Minister Narendra Modi on India’s leadership in citizen-centric open digital networks—an area the Innovation Hub for Prosperity has been working on for two years.

In his keynote address, Prime Minister Modi highlighted our work, and he further acknowledged Carlos Montes’ contributions to social innovation and our efforts to explore the potential of India’s digital infrastructure, particularly in finance, through a public post on the social media platform X.

The Innovation Hub promoted the NXT Fellowship 2026, a fully funded week-long programme for Cambridge researchers to study India’s transformation first-hand.

Following the Summit, fresh insights were published in King’s E-Lab blog series #Mindsets. The blog post, co-authored by Taanishi Kohli, Sujith Nair, Pramod Varma and Carlos Montes, explores how open powered networks could revolutionise energy through real-time interoperability, peer-to-peer trading, major cost reductions, citizen empowerment, grid resilience, and new opportunities for innovation.

On 28 November 2025, the Innovation Hub co-hosted the Digital Energy Grid (DEG) Summit in London, in partnership with King’s College Entrepreneurship Lab (King’s E-Lab), FIDE, the University of Cambridge climaTRACES Lab, Networks for Humanity, and Beckn.

The Innovation Hub launched a significant new international partnership with the Central Bank of Peru to advance financial innovation and digital trust.

UK–India Higher Education Roundtable, UK Parliament, 11 June 2025

Carlos Montes participated in the UK–India Higher Education Roundtable at the UK Parliament, where he highlighted the potential of Indian students as future innovation leaders bridging both countries’ development priorities.

Montek Singh Ahluwalia: UK Parliamentary and Academic Engagements, May 2025

The Innovation Hub secured the UK presence of Montek Singh Ahluwalia for a series of landmark engagements. Dr Ahluwalia delivered a lecture for the India All Party Parliamentary Group (APPG) at the UK Parliament and presented on energy sustainability at the University of Oxford and the London School of Economics.

As governments worldwide grapple with the accelerating pace of technological change, the central challenge is no longer technical but institutional: how to translate digital innovation into citizen-first outcomes at scale.

The hashtag#CambridgeJudge Innovation Hub for Prosperity continues to make global strides in exploring the transformative power of open networks— networks that have the potential to radically change the modern economy.

Join Pramod Varma and Carlos Montes for a discussion about transaction networks to power the green energy transformation

Open transaction networks are systems that ensure interoperability across various platforms and services.

Digital Markets today
are a system of
parallel trenches

“Unlocking Growth and Prosperity for the Digital Economy: open networks and AI for the digital economy”, presentation by Sujith Nair (Foundation for the Interoperability of the Digital Economy.

695th Lord Mayor joins the Innovation for Prosperity Hub in championing the inclusive and innovation potential of open transaction networks.

The Innovation Hub for Prosperity, a pioneering initiative by Cambridge Judge Business School and the Foundation for Interoperability of the Digital Economy (FIDE), marks its launch by convening a ground-breaking workshop showcasing cutting-edge advancements in open networks and artificial intelligence, shaping the future of the digital economy.

Carlos Montes (Lead – Cambridge Innovation Hub for Prosperity), Centre for India and Global Business, writes about a visit to India’s Silicon Valley to explore think tanks set up by Nandan Nilekani of Infosys.

A new Playbook from Cambridge Judge Business School on how developing economies can use digital infrastructure aims to provide a model for countries around the world.

An interview with Carlos Montes of Cambridge Judge, co-author of a recetn ‘Playbook’ on how developing economies can use digital infrastructure as a springboard to greater prosperity.

A new Brokering Trust to Accelerate Innovation framework developed at Cambridge Judge Business School helps launch development projects through an honest broker.

Featured publications

In today’s tech-driven world, many, especially tech billionaires, are technological optimists. Technology is portrayed as the ultimate panacea.

Mishra S., Jain N., and Menon R. (2024) How can market innovation be unlocked through Open Transaction Networks? World Economic Forum: Centre for Trustworthy Technology

Montes, C. and Prabhu, J. (2024) Playbook on nationwide digital infrastructure at the service of prosperity.

Montes, C. and Prabhu, J. (2023) La Infraestructura Digital Nacional al Servicio de la Prosperidad.

Prabhu, J. (2021) How should a government be? The new levers of state power. London: Profile Books.

Resources for Open Networks and Use Cases

OPEN COMMERCE

What is Beckn

USE CASES

Commerce

Imagine local retail with Beckn

Demonstration commerce transaction

Reimagining e-commerce policies through open protocols

Urban Transport

Urban transport with Beckn

Demonstration mobility transaction

Healthcare

Reimagining healthcare with Beckn

Sustainable Energy

Imagining energy with Beckn

Reimagining energy with Beckn: a simulation

Demo of unified energy interface, a Beckn open network.

Demonstration transaction for EV charging

Reimagining circular economy

Education and Skilling

Reimagining education and skilling

Technical videos on Beckn

You can explore use cases across sectors through the Beckn experience centre below

To deep dive into technical implementation of Beckn Protocol, explore the videos below

Open Networks as a digital marketplace  

Beckn Open protocol for commerce

Beckn ecosystem architecture

Specifications and support layer

Transaction layer

Implementing the Beckn Protocol  

API overview

Network topologies and current open networks    

Example retail transaction flow

Example final mile delivery transaction flow

Example transaction on an interactive UI

How to use Beckn in a box

Certification and compliance

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