How India’s Open-Source Network for Digital Commerce is a Game Changer?
India’s e-commerce sector has seen sharp growth lately, with more than 6.5% of the overall retail business settled online. Now, anyone can order essential products and services using just a smartphone.
However, small businesses face various challenges in this digital model. Many prominent e-commerce platforms favour sellers providing hefty discounts to their buyers. This indirectly exploits smaller vendors as they cannot match their larger competitor’s price offerings or access a massive pool of customers’ data.
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What Is ONDC? How Will It Revolutionise E-Commerce?
The Indian Government launched the Open Network for Digital Commerce (ONDC) campaign on 29th April, 2022 to promote local businesses across numerous sectors. All enrolling companies agreed to operate through a network supported by open protocols. As a result, sellers and suppliers who previously suffered from a lack of scaling opportunities could leverage the integrated technologies to expand their reach.
Achieving Financial Inclusion through ONEST
On October 19, 2023, a heart-warming event changed the course of financial aid distribution in the country. The story is about how an open digital ecosystem ensured that a student in need was able to receive a scholarship to continue her schooling.
Empowering Students through the ONEST Revolution
Open Network for Education and Skilling Transactions (ONEST) is an interoperable, decentralized network that aims to democratise education and provide learners the opportunity to access a wide array of educational content and skill development prospects.
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