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Open Network for Digital Commerce (ONDC) initiative

  • Posted By
    10Pointer
  • Categories
    Economy
  • Published
    14th Aug, 2021

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.

Verifying, please be patient.

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