Challenges and Solutions for Trade and Commerce without Internet

Trade and commerce have evolved significantly over the years, with the advent of the Internet playing a crucial role in facilitating transactions and communication. However, recent events have highlighted the importance of having robust systems in place to ensure business continuity even in the absence of the Internet.

The government’s push towards a cashless economy has been commendable, with digital payment systems gaining popularity among businesses and individuals alike. The potential savings and economic growth that can be achieved through digital transactions are substantial, making it a key focus area for the nation’s development.

But the recent Internet blackout has exposed the vulnerabilities in our current IT infrastructure. The over-reliance on a uniform network system supported by the government has left businesses and individuals stranded when faced with disruptions like the recent shutdown of broadband and mobile internet services.

As businesses grapple with the challenges of conducting transactions without the Internet, it has become evident that alternative systems need to be put in place to ensure continuity in trade and commerce. The experiences of the past few days have underscored the need for stronger IT infrastructures and individual networks that can operate independently of the main network system.

While some banks have managed to keep their ATMs functional and mobile financial services operational on a limited scale during the crisis, the need for diversified and resilient network systems is clear. Businesses like Square Pharmaceuticals have already taken steps to establish their own designated networks to ensure communication with clients even in the absence of the national Internet gateway.

Moving forward, it is essential for businesses and financial institutions to explore alternative systems that can support cashless transactions in the event of network failures. Solutions like un-structured data management systems of mobile operators can provide a lifeline for urgent transactions that do not require Internet connectivity.

The recent challenges faced by businesses and individuals serve as a wake-up call for the need to strengthen our network systems and diversify our communication channels. By learning from these experiences and implementing robust backup systems, we can ensure the smooth functioning of trade and commerce even in the absence of the Internet.

In conclusion, the current crisis has highlighted the importance of building resilient and diversified network systems to support cashless transactions and ensure business continuity. By investing in alternative systems and strengthening our IT infrastructure, we can navigate future challenges with confidence and resilience.