E-commerce

Open Network for Digital Commerce (ONDC), to democratize the e-commerce sector of India – Times of India

Summary

The Open Network for Digital Commerce (ONDC) is a network that will link buyers, sellers, and other go-betweens through a fee-based gateway that ONDC established and will continue to manage to provide stakeholders with multi-layered exposure. It intends to democratize digital commerce by giving small sellers an equal playing field and giving customers a variety of options. This will be acco…….

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The Open Intercommunity for Digital Commerce (ONDC) is a community Which will hyperlink consumers, vendors, and completely different go-betweens by way of a payment-based mostly gatemethod that ONDC established And might proceed to handle To current stakeholders with multi-layered publicity. It intends to democratize digital commerce by giving small vendors an equal having fun with area and giving buyers Pretty a Little bit of decisions. This Shall be accomplished by way of an open community That is pohave beend by open-supply and entryible to everyone by way of their current platforms (App, Internet website, and so on). Inside the ONDC system, The vendor-facet platform Shall be In cost of initially resolving storeper complaints. If unjoyful, The client Could have The selection to contact A third-celebration, community-verified on-line dispute decision website.

All of us have A lot of Questions on ONDC, And actually generic options to what it’s all about. So Permit us To maintain afacet All of the jargon and understand ONDC from a layman’s perspective in straightforward phrases.

Inside The solely phrases, ONDC is the mcompletely different app of all storeping apps. Think about an app that has The information of All Sorts of commerce webwebsites and Which means not solely storeping. Think about a single app the place You will Have The power to’t solely view however examine prices from Flipkart, Amazon and so on. for storeping, from Zomato and Swiggy for meals, from Uber and Ola for cabs, And by no means simply huge vendors, however every vendor who Might Even be listed on ONDC by way of any collaborating platform. This suggests, For event, you can Search for a Mobile telephone mannequin, and examine prices and destayry time not solely from Amazon, Flipkart and so on. however let’s assume storeping apps that join you to your neighbourhood retailers like Kiko stay are furtherly plugged into the ONDC platform, Then you undoubtedly Can furtherly examine prices Out of your neighbourhood cellular store who can truly even destayr it to you in Quarter-hour!

Therefore, this actually democratizes the storeping for and promoting course of, consumers Aren’t pressured To buy from vendors promoted by huge platforms, hence giving smaller gamers to get an equal footing, and consumers get Definitely one of the biggest deal, as they see comparisons from every vendor potential. So sure, your neighbourhood vendor might value Rs.50 extra, however you can Decide to Go for him As a Outcome of of quick destayry.

ONDC furtherly brings collectively logistics suppliers, so theoretically, Furtherextra It is potential to say buy from A retailer listed on Anyone app with out using their destayry service And go for destayry using A particular hypernative logistics supplier, say Wequick. General, That Is predicted …….

Source: https://timesofindia.indiatimes.com/blogs/voices/open-network-for-digital-commerce-ondc-to-democratize-the-e-commerce-sector-of-india/

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