Open Network for Digital Commerce Democratizing Marketplaces Asmita Mukherjee Arqum Mateen
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I’m an Open Network for Digital Commerce (ONDC) member, a non-profit, non-banking organization, working towards an inclusive global digital marketplace. This organization aims at democratizing marketplaces in the following ways: 1. Increasing the visibility and access of independent and small-scale vendors to global buyers, making them “open” and independent (i.e., trading freely and locally) 2. Creating a decentralized and inclusive network that promotes local businesses (in contrast to traditional global
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Open Network for Digital Commerce (ONDC) is a platform that democratizes marketplaces by connecting small businesses and retailers with large corporations, allowing them to connect and grow their businesses. The idea is simple: by providing these two entities with a common platform, they can communicate and collaborate better. The ONDC model has revolutionized the marketplace ecosystem by allowing businesses to interact with more potential customers, resulting in a significant increase in revenue and profit. However, ONDC is not limited to small businesses and has applications across
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The online marketplace market has exploded, and its potential is still largely untapped. Open Network for Digital Commerce is one of the initiatives that is trying to democratize marketplaces by providing a platform for small and medium-sized businesses (SMBs) to participate. Open Network for Digital Commerce (ONDC) is a platform that provides a virtual marketplace for these businesses. The platform is designed to create a competitive and cost-effective ecosystem for small businesses. The platform provides a number of features, including
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As a technology professional, I’ve noticed a significant challenge in the e-commerce landscape — most markets remain fragmented, with different players controlling the platform’s backend. However, a solution has been missing, which can provide a seamless, unified solution for the e-commerce industry. see post This report explores the evolution of e-commerce and its current state. While the e-commerce industry’s current state is quite complex, Open Network for Digital Commerce (ONDC) can democratize the marketplaces by providing a standardized way for platforms to
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“I always believed in the power of open, decentralized marketplaces and networks.” Today, as CEO and co-founder of Open Network for Digital Commerce (ONDC), I continue to be captivated by this concept, and the potential that it offers for disrupting the status quo in retail and e-commerce. As I delve into my background and how I arrived at this point, it’s important that you understand the complexity of the industry and the unique opportunity that comes with disruption. When I was an engineer at a start-
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Open Network for Digital Commerce Democratizing Marketplaces Asmita Mukherjee Arqum Mateen As a marketplaces, we should be part of a wider digital economy. It’s like a platform, which can create value by connecting one-of-a-kind products or services in the digital world. browse around this web-site Companies are now trying to open networks of digital commerce through various platforms, including marketplaces. But what sets apart Open Network for Digital Commerce is its unique democratizing model. This model, while giving more