Open Network for Digital Commerce is expected to digitise the entire value chain, promote inclusion in e-commerce platform. Explain (200 Words)
Refer - The Indian Express
Enrich the answer from other sources, if the question demands.
IAS Parliament 3 years
KEY POINTS
· ONDC seeks to promote open networks, which are developed using the open-source methodology.
· Open Network for Digital Commerce (ONDC) to address the issue of digital monopolies, derive efficiencies in logistics and enhance value for consumers.
· They will encourage the usage of standardised open specifications and open network protocols, which are not dependent on any particular platform or customised one.
· With ONDC, it is possible you can expose products on various platforms at the same time.
· The move by the government indicates offering an open network protocol that enables location-aware local commerce across industries to be discovered and engaged by any network-enabled application.
· On ONDC, buyers and sellers may transact irrespective of the fact that they are attached to one specific e-commerce portal.
· This will be most impactful for MSMEs and small traders looking to unlock value and scale their operations through the digital commerce space.
· The proposals also seek to prevent the e-commerce giants from giving deep discounts and have exclusive tie-ups with preferred sellers.
· This will be a first-of-its-kind initiative in the world to create a level playing field for digital commerce.
Abdul hakkim 3 years
Please review mam/sir
IAS Parliament 3 years
Try to include more about the significance of ONDC. Keep Writing.
