Open Network for Digital Commerce (ONDC) Project
- July 7, 2021
- Posted by: OptimizeIAS Team
- Category: DPN Topics
No Comments
Open Network for Digital Commerce (ONDC) Project
Subject : Governance
Context :Recently, the Department for Promotion of Industry and Internal Trade (DPIIT) had issued orders on appointing an advisory committee for Open Network for Digital Commerce (ONDC) project.
Concept :
Open Network for Digital Commerce (ONDC) Project
- It is project of Department for Promotion of Industry and Internal Trade (DPIIT).
- Its primary objective is to curb digital monopolies.
- Under the project, the onboarding of sellers, vendor discovery, price discovery and product cataloguing could be made open source on the lines of Unified Payments Interface (UPI).
- It is expected to digitise the entire value chain, standardise operations, promote inclusion of suppliers, derive efficiency in logistics and enhance value for consumers.
- The task of implementing DPIIT’s ONDC project has been assigned to the Quality Council of India (QCI).
- It aims at promoting open networks developed on open-sourced methodology, using open specifications and open network protocols, independent on any specific platform.
Digital Monopolies
- It refers to a scenario wherein e-commerce giants or Big Tech companies tend to dominate and flout competition law pertaining to monopoly.
- The giants have built their own proprietary platforms for operations.
- India moved to shake up digital monopolies in the country’s $ 1+ trillion retail market by making public a draft of a code of conduct i.e. Draft Ecommerce Policy.