Open Network for Digital Commerce (ONDC) - Coggle Diagram
Open Network for Digital Commerce (ONDC)
What is ONDC Project?
It helps make e-commerce processes open-source, thus creating a platform that can be utilized by all online retailers
The project is aimed at curbing “digital monopolies”.
It would encourage the usage of standardized open specifications and open network protocol
ONDC seeks to promote open networks, which are developed using the open-source methodology.
What does one mean by ‘Open-sourcing’?
The permissions are enforced through an open-source licence easing adoption and facilitating collaboration.
It means that anybody is free to use, study, modify and distribute the project for any purpose
What processes are expecting to be open-sourced with this project?
If mandated, this could be problematic for larger e-commerce companies, which have proprietary processes and technology deployed for these segments of operations.
Several operational aspects including onboarding of sellers, vendor discovery, price discovery and product cataloguing could be made open source on the lines of Unified Payments Interface (UPI).
MSMEs have already raised the growing compliance burden for e-commerce.
They may raise hues over operability and ease of doing business.
Govt is accused of culling their very ability to reach out to the consumer to get more people on board.
It can can raise resistance from companies like Amazon, Flipkart, Walmart etc.
E-Com more inclusive and accessible for consumers
Cost Reduction for Sellers
Boost E-Commerce transactions
Focus more on issues related to customer service and payment integration
Accelerate the adoption of ONDC.
Get enough e-commerce platforms to sign up,
Best is yet to come and we are in 4th industrial revolution where the Govt should strengthen itself accordingly and make businesses inclusive and restrict the monopolies.
ONDC will make sure consumer and seller interest will be protected as the UPI did.