Thread by @amitsuyal_in

Open Network for Digital Commerce #ONDC

A Thread 🧵↓

1/ What is Open Network for Digital Commerce(ONDC)?

#ONDC is a decentralized platform that will allow buyers and sellers to connect and transact with each other online irrespective of which ecommerce portal(s) they are listed on.

2/ Why ONDC?

The open technology network aims to challenge the dominance of e-commerce behemoths like #Amazon and #Flipkart.

3/ Features

The #ONDC will work on a format similar to that used in the Unified Payments Interface #UPI. Through the network, traders will be able to save their data, build a credit history and reach consumers.

4/ How will it work?

Both the buyer and seller have to use the same platform or application to conduct a #business transaction.

5/ Testing

On April 29, 2022, the government launched the pilot phase of the project in five cities: Delhi-NCR, Bengaluru, Bhopal, Shillong and Coimbatore.

6/ Who are behind ONDC?

• Department for Promotion of Industry and
Internal Trade (DPIIT)
• Ministry of Commerce and Industry
@PiyushGoyalOffc @PiyushGoyal
• Quality Council of India (QCI)
• Advisory council, which also includes
@NandanNilekani