Q. Consider the following statements about Open Network for Digital Commerce (ONDC):
1. It is an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT).
2. Under this, all seller and buyer platforms will work through one open protocol and can connect through ONDC.
Which of the statements given above is/are correct?
Answer: C
Notes:
About ONDC:
- ONDC is a network aimed at promoting open networksdeveloped on open-sourced methodology, using open specifications and open network protocols independent of any specific platform.
- It is an initiative of the Department for Promotion of Industry and Internal Trade(DPIIT) under the Ministry of Commerce and Industry.
- Under this, all seller and buyer platforms will work through one open protocoland can connect through ONDC.
- Even if one has to buy a product, ONDC will show all the options of various platforms for the product, and the consumer can choose what he or she wants.
- Thus, the platform will help in creating new opportunities, curb digital monopolies and support micro, small and medium enterprises and small traders and help them get on online platforms.
Aim of ONDC: The Unified Payment Interface (UPI) has disrupted the digital payments’ domain. ONDC seeks to achieve something similar for e-commerce.
- It aims to democratise digital commerce by moving it away from platform-centric models like Amazon and Flipkart to an open network.
- This will enable more sellers to be digitally visible. The transactions will also be executed through an open network.
