Benefits of ONDC

In this article we will discuss Benefits of ONDC

In this article, we will discuss Benefits of ONDC. So, let’s get started.

Benefits of Open Network for Digital Commerce

  • Level Playing Field: ONDC is keen to level the playing field for e-commerce operators and widen the digital market access for Micro, Small and Medium Enterprises (MSMEs) and small traders in the country.
  • Additionally, it will help new entrants by bringing discoverability, interoperability, and inclusivity.
  • Competitive and Innovative Ecosystem: Existing e-commerce platforms operate in compartments and are strictly regulated.
  • ONDC will empower suppliers and consumers by breaking the monopoly of giant platforms to drive innovation and transform businesses in sectors like retail, food, and mobility.
  • Freedom of Choice for Consumers: Consumers can potentially discover any seller, product or service in a common platform, thus increasing freedom of choice for consumers.
  • It will enable the consumers to match demand with the nearest available supply. This would also give consumers the liberty to choose their preferred local businesses.
  • Neutral and Regulated Platform: ONDC aims at fostering open networks developed on open-sourced methodology, using open specifications and network protocols, and independent of any specific platform.
  • It will set protocols for cataloguing, vendor match, and price discovery on an open source-basis, like the Unified Payments Interface (UPI).
  • Snapdeal is the first E-commerce platform to get on the open network.

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