Future of Digital Commerce with Online Network for Digital Commerce

Abstract

Open Network for Digital Commerce (ONDC) is a revolutionizing and ground-breaking initiative first announced in 2020 that is aimed to forever change the world of digital commerce by using new concepts like openness and inclusivity. It is designed to provide safe and secure interoperable digital transactions that go beyond geographical boundaries, enabling users to participate in businesses of all sizes and economies. It also provides standard formats and APIs to ensure cross-compatibility between different platforms, marketplaces, and logistics support. ONDC also puts a great amount of care and emphasis on data privacy, security, robust transactions, and encryption and also encourages user empowerment and allows an individual to manage their data and information to produce maximum trust and transparency between participants. This platform also aims to bring new opportunities by supporting merchants of all levels despite their scale and size and helping them get on online platforms. It will allow both consumers and sellers to engage and trade online regardless of the platform they are using. It is an initiative provided by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry. It was implemented and registered as a non-profit company on December 31, 2021.