Omnitude ICO: Security and the Blockchain

cubanlinx81 (26)in #blockchain • 6 years ago

Recently, there have been new blockchain projects emerging that address the problems facing every aspect of business. Solutions which aid business in better managing logistics, verifying identities, and validating transactions to mention a few. However, how are managers to deal with all of these new systems working independently and how will these systems work with each other? Omnitude has has the answer to this very real problem emerging alongside the blockchain solutions being offered.

Omnitude is a blockchain platform which integrates a variety of blockchain technologies to create an interoperable environment which supports efficient management of e-commerce solutions across different blockchains; as well as, Dapps built on its own blockchain. For large scale businesses to take advantage of the benefits of blockchain technology, communication across blockchains is essential. Omnitude functions as a layer between existing technologies to enable communication and accessibility without replacing the current systems that companies have in place. The essence of the Omnitude blockchain is connectivity; which many projects are striving to achieve; but Omnitude is far ahead. Merchants, suppliers, customers, couriers will all be able to interact within the Omnitube ecosystem; sharing data and communicating information to help make business activities more efficient and profitable.

The Omnitude blockchain will be built upon the global Hyperledger protocol; which is open sourced and supports B2B and B2C transactions. The Hyperledger protocol is already being used by a host of major corporations and businesses to support the use of cross-chain technologies for various industries. Hyperledger architecture is a proven technology which will ensure that the Omnitude ecosystem will be built on a secure and stable platform expediting worldwide adoption by a host of different industries that will need a reliable system to meet their business needs.

Although Omnitube is using Hyperledger renowned open source technology, Omnitude will work using a host of nodes that will require “whitelist” permission to access specific node and information pertaining to that organization working on them. As more nodes are added to the ecosystem the security of the the network improves.The Ominitude Foundation will grant organizations/participants permissioned access to nodes appropriate to their level of activity on the network. Omnitude will monitor the ledger for unauthorized access and unusual behavior on users behalf to protect the ecosystem from hackers or those who wish to appropriate data illegally. Users will be able to further secure their data by creating permissions for trusted participants. Omnitude is doing all that it can to insure that participants with be able to use its network with reassurances that their data will not be misappropriated.

While security is one of the main focuses of the Omnitude architecture, it will not impede transactions or users fast access to the network. Searchability throughout the network will allow for deep propagation of accurate results pertaining to the information users need to access on the blockchain for their business needs in a timely manner. Omnitude will use ‘anchoring’ to create a proof linking off-ledger data to a Omnitude blockchain transaction. Through anchoring, this proof can be used to verify data integrity.