Published on: May 3, 2022

OPEN NETWORK FOR DIGITAL COMMERCE

OPEN NETWORK FOR DIGITAL COMMERCE

Shakargarr NEWS : http://yesand.co.uk/author/john-brooker/page/39/ Pilot phase of the open network for digital commerce (ONDC) was launched

Open Network for Digital Commerce

  • WHAT – First-of-its-kind initiative that aims to democratise Digital Commerce, moving it from a platform-centric model to an open-network.
  • The pilot is being conducted across five cities Delhi, Bengaluru, Coimbatore, Bhopal, and Shillong. It will be later launched in 100 cities over six months.
  • As UPI is to the digital payment domain, ONDC is to e-commerce in India.
  • ONDC
    • Will enable, buyers and sellers to be digitally visible and transact through an open network, no matter what platform/application they use.
    • Will empower merchants and consumers by breaking silos to form a single network to drive innovation and scale, transforming all businesses from retail goods, food to mobility.
    • Aims at promoting open networks developed on open-sourced methodology, using open specifications and open network protocols independent of any specific platform.
    • Is expected to digitize the entire value chain, standardize operations, promote inclusion of suppliers, derive efficiencies in logistics and enhance value for consumers.