Omnitude leverages on blockchain technology to reduce counterfeit products

The dispersed record innovation, otherwise called blockchain, can possibly dispose of colossal measures of record-keeping, spare cash and disturb IT in ways not seen since the web arrived. In essence, blockchain represents a new paradigm for the way e-commerce transactions are being done, organizations, top players in the e-commerce industry and companies are rushing to figure out how they can use the blockchain technology to save time buy real products and admin costs so as to maximize profits.
While blockchain technology has the potential to become mainstream and command massive adoption there are still some major setbacks blockchain needs to address relating to e-commerce and counterfeit of genuine products

The matter of counterfeit products is one of the biggest underground enterprises on the planet and developing quickly, its effect on the worldwide economy is in billions of dollars.
With cheap overhead, high benefits, and shroud and-blade business style, these worldwide bootleg market ventures are staying put.
A counterfeit product is an item that nearly looks like the original item keeping in mind the end goal is to trap clients into purchasing it. Since the start of e-commerce, lesser products have been depicted as original (BASCAP, 2009). Authorities and specialists battle to control the exercises of the criminal associations that are creating and showcasing fake products. Ceasing these ventures appears to be far-fetched due to the undeniably forceful practices of fake merchants.

Reviews are frequently completed trying to assess the genuine scale and cost of fake products to business in the e-commerce world.

Among other findings, the different overviews feature that:

• manufacturers of goods might lose as much as 7% of their yearly turnover because of counterfeits products

• a high level of fake products are submitted on daily basis into the market

• greed is one of the primary sparks for fake products

• the predominance of fake products is expanding.

Many outfits have tried to put a stop to this menace in the past few years, but it seems as if it's not working as the activities of fake products merchant seems to be limiting the e-commerce industry.
Omnitude has discovered that the missing piece in what has been limiting the actions of previous outfits to reduce counterfeits products is the absence of blockchain technology. Omnitude will capitalise on the effectiveness of this awesome technology to solve one of the problems of e-commerce which is reducing the rate of circulation of fake products in the market.

WHAT IS OMNITUDE AND HOW THEY INTEND PROVIDING LASTING SOLUTION TO THE PROBLEM OF COUNTERFEITS PRODUCTS

Omnitude is a platform built on blockchain technology with a smart contract to help connect blockchain technologies, e-commerce and enterprise systems which allows for the rapid deployment of new blockchain technology.
Omnitude leverages on blockchain technology to solve business-related problems which I clearly what previous players have been missing.
The omnitude platform will act as a software that acts as a bridge between an operating system or database and applications enabling integration of blockchain technology improving capabilities of existing protocols.
This Will happen in two phases

1. The first phase is the launch of Omnitude platform which will leverage on blockchain technology to establish connectivity with another platform

2. The development of Omnitude app which will be used in the platform for effective running of the platform. The Omnitude app will also allow for the deployment of another app to be built on it.

Omnitude will work to ensure that fraud and counterfeit of genuine products are eliminated by providing users with a single identity on a single identifier system which is not prone to cyber fraudulent activity.
Omnitude will also help the supply chain by reducing the rate of pirated and counterfeit product.

TOKEN DETAILS

ECOM is the official utility token of Omnitude platform which is used for the running of the Omnitude platform.

PROPOSED STRUCTURE

Ticker: ECOM

Tokens: 100,000,000 ECOM

Private pre-sale cost: $0.40 USD/ECOM

Private pre-sale cap: 10 million ECOM/ 4 million USD

Token Sale cost: $0.46 USD/ECOM

Token Sale hard cap: 45 million USD/ECOM

Token distribution
The 100,000,000 ECOM will be distributed

TEAM INFORMATION

CONCLUSION

The high rate of counterfeit products have discouraged most manufacturers and as thus reduced economic cash flow. Omnitude has selected a big problem disturbing the e-commerce world. Many outfits have tried to solve this issue but have failed, with blockchain technology am optimistic that omnitude can pull this through and establish themselves as a project that profers solution to a real-life problem

For more information visit:

Website: http://omnitude.tech/

Telegram: https://telegram.me/Omnitudechat

ANN thread: https://bitcointalk.org/index.php?topic=2683959.0

Whitepaper: https://files.acrobat.com/a/preview/75fe0af9-d98b-4002-863c-138b43a131ef

Bitcointalk user name: samelvis

Profile link: https://bitcointalk.org/index.php?action=profile;u=2076423