- Recently, Microsoft joined the Open Network for Digital Commerce (ONDC) of the government, with the objective of introducing social e-commerce in Indian market. Significance of this move include:
- Recently, the government has launched the pilot phase of Open Network for Digital Commerce (ONDC) with an aim to “democratise” the country’s fast growing digital e- commerce space that is currently dominated by the two U.S.-headquartered firms — Amazon and Walmart.
- ONDC is a freely accessible government-backed platform that aims to democratise e- commerce by moving it from a platform-centric model to an open network for buying and selling of goods and services.
- Under ONDC, it is envisaged that a buyer registered on one participating e-commerce site (for example, Amazon) may purchase goods from a seller on another participating e- commerce site (for example, Flipkart).
- Presently, buyers and sellers have to be on the same app for a transaction which happens through the same platform. For example, a buyer needs to go to Amazon, to buy a product from a seller on Amazon.
- It is a not-for-profit organisation that will offer a network to enable local digital commerce stores across industries to be discovered and engaged by any network- enabled applications.
About Classic IAS Academy
Classic IAS Academy is one of the Best IAS Coaching in Delhi. Our aim is to help brilliant minds of the country to become civil servants and make them leaders of the future who can take the nation forward. Our two UPSC preparation institutes are located in Bhikaji Cama Place and Karol Bagh, Delhi provide comprehensive coaching programme for civil services aspirants right from preliminary stage to interview stage. Classic IAS Academy is one of the finest IAS Coaching Center in Delhi
Leave a Reply
You must be logged in to post a comment.