What is ONDC?
The Open Network for Digital Commerce (ONDC) is a Ministry of Commerce and Industry’s Department for Promotion of Industry and Internal Trade (DPIIT) project. Microsoft is the first notable tech company to sign up for the subsidized Open Network for Digital Commerce. On December 31, 2021, ONDC was granted its certificate of formation as a nonprofit organization with private-sector leadership. On April 29, 2022, the pilot phase began in New Delhi, Bengaluru, Bhopal, Shillong, and Coimbatore. Woolly Farms, situated in Bengaluru, received a purchase order from Paytm in April. On ONDC, this was the very first transaction. The Quality Council of India has been tasked with integrating e-commerce platforms through a network built on open-source technology. Basically, open source refers to a software application or platform with source code that is readily accessible and can be edited or enhanced by anybody. An application’s users can update the original code, improve the design, or fix broken links using open-source access.
ONDC – Open Network for Digital Commerce
ONDC: The Open Network for Digital Commerce (ONDC) is a government-backed program designed to provide small businesses and local retailers in the area with access to the same tools and systems that major e-commerce platforms often use. The project’s goal is to promote open networks for any kind of cross-digital or electronic network exchange of products and services. ONDC, which will operate independently of any specific platform, utilizes open specifications and open network protocols. The platform helps small and medium-sized businesses and dealers get on internet platforms in an effort to create new opportunities and lessen digital monopolies.
This Article provides every important detail about ONDC (Open Network for Digital Commerce) including its definition, features, top 5 ONDC Sellers, and buyers, how to use ONDC, the importance of ONDC, and challenges faced by ONDC.
Table of Content
- What is ONDC?
- Features of ONDC
- Top 5 ONDC Seller Apps in 2023
- List of Top 5 ONDC Buyer Apps in 2023
- How to use ONDC?
- Importance of ONDC
- Challenges of ONDC