Problem Statement
The decentralized nature of the Open Network for Digital Commerce (ONDC) introduces challenges in facilitating seamless exchanges of various digital assets. Users often face difficulties in efficiently swapping different tokens, leading to fragmented liquidity and hindering the fluidity of transactions within the ecosystem. There is a need for a decentralized platform that simplifies and enhances the process of token swapping for users within the ONDC.
Abstract
Develop a blockchain-based token swapping platform for the ONDC, aiming to provide users with a decentralized and user-friendly environment for exchanging different digital assets. The project seeks to leverage smart contracts and decentralized protocols to enable secure, transparent, and efficient token swaps within the ONDC ecosystem. By creating an intuitive platform, users can easily and seamlessly exchange various tokens, promoting liquidity and fostering a dynamic digital commerce environment.
Outcome
The project’s outcome is the establishment of a decentralized token swapping platform within the ONDC. Users will benefit from a user-friendly interface and secure smart contract execution, allowing them to exchange different digital assets effortlessly. This platform enhances liquidity within the ONDC ecosystem, providing users with increased flexibility and accessibility to a variety of tokens. The outcome contributes to a more vibrant and efficient digital commerce landscape on the ONDC, promoting the fluid exchange of digital assets among users.