Govt proposes Open Network for Digital Commerce as pvt sector led non-profit firm
The Central Government proposes to operationalise the Open Network for Digital Commerce (ONDC) as a private sector-led, non-profit company to bring focus on ethical and responsible behaviour while providing for trust, rigorous norms of governance, accountability, and transparency.
The ONDC is expected to provide a start-up mindset for a population scale implementation, enabled by a management with a futuristic vision, leadership with a deep understanding of commerce, comfort with cutting-edge technology, and missionary outlook to drive change.
The role of the entity would be to develop the network by adopting and building enabling technology and encouraging wide-scale voluntary participation by eco-system players.