Which of the following statements on Open Network for Digital Commerce (ONDC) is/are correct?

It is aimed at curbing digital monopolies.

It is aimed at digitizing entire value chain.

It is launched by the Department for Promotion of Industry and Internal Trade.

Choose the correct answer using the codes given below:

Question

The Department for Promotion of Industry and Internal Trade (DPIIT) launched Open Network for Digital Commerce (ONDC) project on a limited scale. It enabled small merchants and mom-and-pop stores in some parts of the country to access processes and technologies that are typically deployed by large e-commerce platforms such as Amazon and Flipkart.
The ONDC platform lies in the middle of the interfaces hosting the buyers and the sellers.
ONDC “aims at promoting open networks developed on open-sourced methodology, using open specifications and open network protocols, independent on any specific platform. ONDC is expected to digitise the entire value chain, standardise operations, promote inclusion of suppliers, derive efficiency in logistics, and enhance value for consumers”.
It is aimed at curbing “digital monopolies”.

GKToday Admin · Accepted Answer

1, 2 & 3

The Department for Promotion of Industry and Internal Trade (DPIIT) launched Open Network for Digital Commerce (ONDC) project on a limited scale. It enabled small merchants and mom-and-pop stores in some parts of the country to access processes and technologies that are typically deployed by large e-commerce platforms such as Amazon and Flipkart.
The ONDC platform lies in the middle of the interfaces hosting the buyers and the sellers.
ONDC “aims at promoting open networks developed on open-sourced methodology, using open specifications and open network protocols, independent on any specific platform. ONDC is expected to digitise the entire value chain, standardise operations, promote inclusion of suppliers, derive efficiency in logistics, and enhance value for consumers”.
It is aimed at curbing “digital monopolies”.

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