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How will open network for e-commerce work?
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Positioned as a “network”, the idea is to enable consumers to log in and look for products or services to meet their requirements. Based on their location, sellers will be listed along with the product details and price to enable the buyers to choose.
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If the ONDC model works out, it is seen to emerge as a rival to Amazon and Flipkart
(This story originally appeared in on Jul 12, 2021)The government is seeking to replicate the success of the UPI model as it creates the Open Network for Digital Commerce (ONDC), hoping to put in place a backbone on which sellers and logistics service providers can connect with buyers.
Nandan Nilekani on government panel for e-commerce open network
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Nandan Nilekani on government panel for e-commerce open network
TNN / Updated: Jul 6, 2021, 08:16 IST
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NEW DELHI: The government on Monday appointed Infosys chairman Nandan Nilekani and National Health Authority CEO R S Sharma on the nine-member advisory council for Open Network for Digital Commerce (ONDC).
Nilekani and Sharma had worked together at the Unique Identification Authority of India, when Aadhaar was taking shape. The department for promotion of industry and internal trade, which had begun work on ONDC, had tasked Quality Council of India with the project. Some of the members of the advisory panel had been appointed last year.
By siliconindia | Tuesday, 06 July 2021, 03:15 Hrs The Centre has formed an Advisory Council for Open Network for Digital Commerce (ONDC) with Infosys Chairman Nandan Nilekani and National Health Authority CEO R.S. Sharma as its members. The Department of Promotion of Industry and Internal Trade (DPIIT) has initiated the project named ONDC aimed at promoting open networks developed on open-sourced methodology, using open specifications and open network protocols independent of any specific platform. ONDC is expected to digitise the entire value chain, standardise operations, promote inclusion of suppliers, derive efficiencies in logistics, and enhance value of consumers. It has been decided to constitute an Advisory Council, to advise the government on measures needed to design and accelerate adoption of ONDC, said the order.
Department of Promotion of Industry and Internal Trade sets up 9-member panel with Nilekani, RS Sharma ibtimes.co.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibtimes.co.in Daily Mail and Mail on Sunday newspapers.