Points on the (ONDC) for fater consumption:

• 🚀 ONDC is a groundbreaking initiative that aims to transform e-commerce in India by enabling it through an open protocol based on open-source specifications.
• 🤝 ONDC follows a network-centric model that allows transactions between buyers and sellers connected to the open network, irrespective of the platforms they use.
• 💰 Becoming a seller on ONDC is more cost-effective compared to traditional e-commerce platforms, with lower commission rates.
• 🔍 Seller reviews are transferable throughout the ONDC network, providing more options for buyers and sellers.
• 👥 By enabling local commerce across segments, ONDC allows merchants and customers to collaborate directly, even if the merchant is not listed on any platform.
• 📰 Recently, Commerce and Industry Minister Piyush Goyal invited big and small e-commerce companies to join ONDC, creating huge opportunities for businesses of all sizes.
• 👍 The benefits of using ONDC over traditional e-commerce platforms include inclusivity, interoperability, larger market access, cost-friendliness, no platform-centric model, transferable seller reviews, and reduced monopoly.
• 💻 To use ONDC, businesses need to register on the ONDC platform and list their products and services using the set of standards provided by ONDC.
• 📈 ONDC provides resources, such as tutorials and support forums, to help businesses get started and make the most of the platform.

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Sure, here's a simple story to help understand ONDC:

Meet Ravi, a small business owner in India who sells handmade crafts. Ravi has been struggling to sell his products online, as he finds it difficult to compete with larger e-commerce platforms.

One day, Ravi learns about ONDC, an open network for digital commerce that aims to make e-commerce more accessible to small businesses like his. Intrigued, Ravi decides to give ONDC a try.

He signs up for ONDC and lists his handmade crafts on the platform using the provided set of standards. To his surprise, Ravi finds that he can connect with other businesses, service providers, and suppliers on the platform, expanding his reach and increasing efficiency.

As ONDC is based on open-source specifications, Ravi discovers that becoming a seller on ONDC is more cost-effective compared to traditional e-commerce platforms, with lower commission rates. Additionally, he finds that seller reviews are transferable throughout the ONDC network, providing more options for buyers and sellers.

Thanks to ONDC, Ravi is able to compete with larger e-commerce players and become discoverable online, allowing him to grow his business collaboratively.

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Informational Content:

Welcome to our latest newsletter, where we explore the exciting world of the Open Network for Digital Commerce (ONDC). ONDC is a groundbreaking initiative that aims to transform e-commerce in India by enabling it through an open protocol based on open-source specifications.

What is ONDC?

ONDC is a tech-based initiative that seeks to dramatically increase e-commerce penetration in India by enabling population-scale inclusion of all types and sizes of sellers. By facilitating scalable and cost-effective e-commerce through an open protocol, ONDC empowers startups to grow collaboratively.

How Does ONDC Differ from Other E-commerce Platforms?

ONDC differs from traditional e-commerce platforms in several ways. Firstly, ONDC follows a network-centric model, which allows transactions between buyers and sellers connected to the open network, irrespective of the platforms they use. Secondly, ONDC is based on open-source specifications, which facilitates rapid adoption of e-commerce and boosts the growth of startups. Thirdly, ONDC eliminates the need for a central intermediary, enabling e-commerce expansion and broad-based innovation. Fourthly, becoming a seller on ONDC is more cost-effective compared to traditional e-commerce platforms, with lower commission rates. Lastly, seller reviews are transferable throughout the ONDC network, providing more options for buyers and sellers.

Why ONDC Matters?

India has been a world leader in demonstrating the successful adoption of digital infrastructures at the population scale, such as UPI and AADHAAR. ONDC continues this trend by providing equal opportunities for sellers to compete with large market players and become discoverable online. By enabling local commerce across segments, ONDC allows merchants and customers to collaborate directly, even if the merchant is not listed on any platform.

ONDC in the News

Recently, Commerce and Industry Minister Piyush Goyal invited big and small e-commerce companies to join ONDC, which aims to reimagine digital commerce. This invitation highlights the government's commitment to promoting an open platform for e-commerce, creating huge opportunities for businesses of all sizes.

What are the Benefits of Using ONDC over Traditional E-commerce Platforms?

The benefits of using ONDC over traditional e-commerce platforms include inclusivity, interoperability, larger market access, cost-friendliness, no platform-centric model, transferable seller reviews, and reduced monopoly. By breaking the monopoly of major e-commerce players, ONDC ensures fair competition and better opportunities for small businesses.

How to Use ONDC

To use ONDC, businesses need to register on the ONDC platform and list their products and services using the set of standards provided by ONDC. Businesses can connect with other businesses, service providers, and suppliers on the platform to expand their reach and increase efficiency. ONDC provides resources, such as tutorials and support forums, to help businesses get started and make the most of the platform. Businesses can leverage the open network to transact with buyers and sellers, regardless of the platform or application they use. As ONDC is still a developing initiative, more detailed instructions and features may become available in the future.

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Stay tuned for more updates on BrainJuice. We'll continue to share news, insights, and opportunities related to  transformative initiative.

Thank you for joining us on this exciting journey!