24-05-2023 | 12:12 PM
Open Network for Digital Commerce (ONDC)
The Open Network for Digital Commerce (ONDC) is gradually challenging the dominance of Zomato and Swiggy by offering users cheaper prices for the same food items.
Key Highlights:
Open Network for Digital Commerce (ONDC) is an initiative aiming at promoting open networks for all aspects of exchange of goods and services over digital or electronic networks.
ONDC is to be based on open-sourced methodology, using open specifications and open network protocols independent of any specific platform.
It is a non-profit initiative of the Department of Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce.
Currently, grocery and food items merchants are mostly part of it, but beauty, fashion, personal care products, and electronics, among others, are gradually joining in.
