Account aggregator and ONDC will make supply chain more efficient: Nandan Nilekani
Infosys Chairman Nandan Nilekani has said that the Account Aggregator system and Online Network for Digital Commerce (ONDC) will together help create a more efficient supply chain in India.
He further said that ONDC gives the infrastructure to unbundle the supply chain and credit through account aggregator allows everyone in the supply chain access to formal credit, adding that both these together are going to create a far more efficient supply chain.
Nilekani said, “ONDC has natural demand. Everybody wants to be part of it. Small retailers are delighted that there’s going to be a way for them to participate in the global digital ecommerce world. It is going to give a big boost to hyper local commerce, quick commerce.”
When asked about how long it will take for the ONDC and AA models to take off, he said, “It will take five years. Our experience of such tech is that it takes years to put the building blocks in place. And then market forces or a black swan event happens and they take off.”
See What’s Next in Tech With the Fast Forward Newsletter
Tweets From @varindiamag
Nothing to see here - yet
When they Tweet, their Tweets will show up here.