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WHAT IS ONDC ?

ONDC

Open Network for Digital Commerce (ONDC) is a network based on open protocol and will enable local commerce across segments, such as mobility, grocery, food order and delivery, hotel booking and travel, among others, to be discovered and engaged by any network-enabled application.

The platform aims to create new opportunities, curb digital monopolies and by supporting micro, small and medium enterprises and small traders and help them get on online platforms. It is an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry.

Features of ONDC

ONDC, a UPI of e-commerce, seeks to democratise digital or electronic commerce, moving it from a platform-centric model to an open-network. Through ONDC, merchants will be able to save their data to build credit history and reach consumers.

The proposed government-backed platform aims to create a level playing field for e-commerce behemoths such as Amazon, Flipkart, and offline traders who have been crying foul at the unfair trade practices of these e-tailers. The platform will also be compliant with the Information Technology Act, 2000 and designed for compliance with the emerging Personal Data Protection Bill.

In this system, ONDC plans to enable sellers and buyers to be digitally visible and transact through an open network, regardless of what platform or application they use. It will also 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.

The new framework aims at promoting open networks developed on open-sourced methodology, using open specifications and open network protocols independent of any specific platform.

It is expected to digitise the entire value chain, standardise operations, promote inclusion of suppliers, derive efficiencies in logistics and enhance value for consumers.

According to the government's official statement, ONDC shall take all measures to ensure confidentiality and privacy of data in the network. ONDC shall not mandate sharing of any transaction-level data by participants with ONDC. Will work with its participants to publish anonymised aggregate metrics on network performance without compromising on confidentiality and privacy.

Presently, ONDC is in its pilot stage and the government has set up a nine-member advisory council, including Nandan Nilekani from Infosys and National Health Authority CEO R S Sharma, on measures needed to design and accelerate the adoption of ONDC.

ONDC NEWS

ONDC requires massive efforts before it goes public, says DPIIT secy
Says network needs a certain number of people before it is taken to the public; fashion, home & kitchen, electronics, beauty & ...| December 16, 2022, Friday
Why this is India's decade
From being the 'office to the world', India is set to become its factory too| November 29, 2022, Tuesday
ONDC a 'game-changer' in democratising e-commerce business: Piyush Goyal
Union Commerce and Industry Minister Piyush Goyal on Friday exuded confidence that the Open Network for Digital Commerce (ONDC), ...| November 18, 2022, Friday
India's e-retail market to increase to $150 bn-$170 bn by 2027: Report
India's e-retail market rose to approximately $40 billion in 2021 and is slated to reach $50 billion in 2022| October 11, 2022, Tuesday
ONDC can be a game-changer for MSMEs
UPI has revolutionised payments. ONDC can do the same for MSMEs, and take e-commerce's share to 25 per cent of all commerce by ...| October 09, 2022, Sunday
ONDC goes live with beta launch in Bengaluru; 161 orders placed on Day 1
Govt-owned network starts in Bengaluru with online grocery, restaurant orders| September 30, 2022, Friday
Prepare robust grievance redress system before beta test: Govt to ONDC
Govt wants this in place to build trust before making network available to public| September 13, 2022, Tuesday
Microsoft onboards ONDC to launch shopping app for Indian consumers
Microsoft on Tuesday onboarded governments open network for digital commerce (ONDC), with an aim to introduce social e-eommerce ...| August 09, 2022, Tuesday
ONDC in advanced stage of integration with another 17 platforms
Platforms that have already integrated with ONDC's network include PayTM, Digiit, eSamudaay, Go Frugal, Growth Falcons, Seller ...| August 01, 2022, Monday
ONDC adds 15 more cities, onboards Snapdeal for pan-Indian access
The network first began its pilot on April 29 in Delhi, Bengaluru, Coimbatore, Bhopal and Shillong| July 18, 2022, Monday

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