If this sounds absurd to you like it did to me (before I placed an order last week from a store at 300m) you’re probably missing out on one of the biggest evolutions of Trade and E-commerce!
ONDC (i.e. Open Network Digital Commerce) is here to change how we perceive and participate in E-commerce forever.
Just as we saw a small example of unimaginable interoperability and non-linear distribution above, these are a few exceptional results of ONDC unbundling the conventional ways of trade today.
Here Paytm is acting as a buyer-side window (explained ahead) allowing consumers like you and me to discover various goods and services across categories (in this scenario Diet Coke) that are offered on the network(in this scenario my local vendor) from the seller-side window (explained ahead).
This is how ONDC is transforming the trade economy into a transaction economy creating greater hyperlocal market opportunities!
And not only Paytm, there are 70+ Network participants like PhonePe/Pincode, Meesho, Namma Yatri, Medpay, and many more!
In this deep dive we’ll discover :
ONDC: A Building Block in the India Stack Vision(explained ahead).
How ONDC works and the core infrastructure.
Traditional E-commerce platforms and the need for ONDC.
Current state of ONDC and Future Roadmap.
Problems to build for and blockchain as a game-changer.