A review meeting of the Open Network for Digital Commerce (ONDC) initiative of DPIIT took place.
Context
A review meeting of the Open Network for Digital Commerce (ONDC) initiative of DPIIT took place.
About ONDC
- Open Network for Digital Commerce (ONDC) is globally first-of-its-kind initiative that aims to democratise Digital Commerce, moving it from a platform-centric model to an open-network.
- As UPI is to the digital payment domain, ONDC is to e-commerce in India.
Conduct of ONDC
- ONDC shall not mandate sharing of any transaction-level data by participants with ONDC.
- ONDC will work with its participants to publish aggregate metrics on network performance without compromising on confidentiality and privacy
- ONDC will be compliant with the Information Technology Act, 2000 and designed for compliance with the emerging Personal Data Protection Bill.
Significance
- ONDC will enable, buyers and sellers to be digitally visible and transact through an open network.
- It will 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.
