Web3 startup Dhiway partners with govt-backed ONDC to operationalise a distributed ledger network using CORD

Web3 startup Dhiwway today said it has signed a Memorandum of Understanding (MoU) with the Indian government-backed Open Network for Digital Commerce (ONDC) to establish an interoperable distributed ledger network as a scoring repository. 

According to the company's statement, The partnership establishes a framework for cooperation between the two parties to leverage Dhiway’s expertise with support and guidance from ONDC in building open, secure, and transparent digital ecosystems using CORD, an open-source, layer-one distributed ledger framework. 

The Network is envisioned as a decentralized, open and interoperable infrastructure that will facilitate trust and reliability in the digital landscape. By leveraging CORD, the network will provide a robust infrastructure to enable secure and transparent participant interactions. 

“Our engagement with ONDC opens up an opportunity to secure digital transactions at scale in a data-driven economy”, said Satish Mohan, CTO of Dhiway. “Combining our expertise in building Web 3.0 technologies with ONDC’s vision for open and secure digital commerce will create an ecosystem that fosters trust and enables seamless transactions across domains.”

T Koshy, MD and CEO of Open Network for Digital Commerce, stated, “We are excited to work with Dhiway in our mission to revolutionize digital commerce. Their proven track record in developing secure and transparent digital ecosystems will help us establish trust and reliability in every transaction on the ONDC Network.”

Pradeep K.P, CEO of Dhiway Networks, said, “Dhiway’s technologies focus on discovery, engagement and transactions with provenance-based data streams. The collaboration with ONDC is a commitment to reshaping digital interactions for population scale using Public Digital Infrastructure.”

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