Unbundling, Innovation & Opportunities with Shireesh Joshi Chief Business Officer ONDC | Summary and Q&A

TL;DR

ODC (Open Network for Digital Commerce) is an unbundled and interoperable e-commerce platform that allows buyers and sellers to transact smoothly across different applications and platforms.

Key Insights

• ⚖️ ODC aims to enable population-scale participation in e-commerce and bring previously undigitized participants into the online marketplace.
• 😀 The success of ODC will be measured by its ability to achieve widespread adoption and inclusion in e-commerce.
• 👶 Startups and entrepreneurs can leverage the unbundled nature of ODC to create innovative solutions and tap into new business opportunities.
• 👻 ODC provides a platform for collaboration and competition, allowing various entities to participate and contribute to the ecosystem.

Transcript

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Questions & Answers

Q: How does ODC differ from traditional e-commerce platforms?

ODC enables buyers and sellers to transact across different applications and platforms, eliminating the restriction of both parties needing to be on the same platform. This creates a more open and accessible marketplace.

Q: What are the benefits for buyers in using ODC?

Buyers can access a wide range of products and sellers from different platforms through a single application, making it more convenient and efficient to shop. They also have the freedom to choose from multiple options and compare prices from different sellers.

Q: How can sellers benefit from being part of the ODC network?

ODC allows sellers to expand their customer base by reaching buyers on various applications and platforms. They can also tap into new revenue streams and benefit from the increased competition and opportunities for growth.

Q: What are some potential use cases and opportunities for startups in the ODC ecosystem?

Startups can explore opportunities in areas such as unpacking and repacking services for large items, storage facilities, standard packaging solutions, catalog building, language conversion software, and international payment and logistics services.

Summary & Key Takeaways

• ODC aims to create an unbundled, interoperable world in e-commerce, where buyers and sellers can transact seamlessly across different platforms.

• The traditional e-commerce model requires both parties to be on the same platform, but ODC eliminates this limitation, allowing for a more open and accessible marketplace.

• The ODC network enables various entities, such as banks, telecom operators, and service providers, to participate in e-commerce and create new revenue streams.