Open Network for Digital Commerce (ONDC)

Share with Your Friends

Open Network for Digital Commerce (ONDC)

Recently the Ministry of Commerce and Industry has reviewed the progress of ‘Open Network for Digital Commerce’ (ONDC).

ONDC has so far been conducting end-to-end implementation testing with a limited user group to understand their requirements.

Now he plans to start the second phase of testing with the public in limited areas.

Open Network for Digital Commerce

  • ONDC is the only initiative of its kind in the entire world. It has been launched by the Department for Promotion of Industry and Internal Trade (DPIIT).
  • The initiative aims to end the digital monopoly and make the industry more inclusive for buyers and sellers.
  • It promotes open networks developed on open source technology. It uses the Open Specification and Network Protocol. Also, it is independent of any particular platform.
  • Open source means that the technology or code used for the process is freely available to all.
  • ONDC was incorporated in the year 2021 as a private sector non-profit company. It has been designed almost on the lines of Unified Payments Interface (UPI).
  • The task of connecting the e-commerce platform on ONDC has been entrusted to the Quality Council of India (OCI).

Importance of ONDC

ONDC empowers merchants and consumers to build a single network.

Objective of ONDC:

  • fostering innovation and expansion,
  • Transforming all types of businesses ranging from retail goods, food items etc. to commuting.

In this, all e-commerce companies will operate using the same procedures. Hence, it will give a boost to small online retailers as well as new sellers stepping into this space. This will be possible through traceability, interoperability and inclusivity.

Source – The Hindu

Download Our App

More Current Affairs

Click to Join Our Current Affairs WhatsApp Group

Join Our Whatsapp Group For Daily, Weekly, Monthly Current Affairs Compilation & Daily Mains Answer Writing Test & Current Affairs MCQ

In Our Current Affairs WhatsApp Group you will get daily Mains Answer Writing Question PDF and Word File, Daily Current Affairs PDF and So Much More in Free So Join Now

Register For Latest Notification

Register Yourself For Latest Current Affairs

December 2022
M T W T F S S
« Nov    
 1234
567891011
12131415161718
19202122232425
262728293031  

Mains Answer Writing Practice

Recent Current Affairs (English)

Current Affairs (हिन्दी)

Subscribe Our Youtube Channel

Register now

Get Free Counselling Session with mentor

Download App

Get Youth Pathshala App For Free

Open chat
1
Youth Destination IAS . PCS
To get access
- NCERT Classes
- Current Affairs Magazine
- IAS Booklet
- Complete syllabus analysis
- Demo classes
https://online.youthdestination.in/