Omnitude: Integrating Blockchain and E-Commerce

  Omnitude is an innovative project, aimed at integration of e-commerce platforms, blockchain-based solutions, and enterprises. This smart ecosystem constitutes the so-called ‘transitional layer’ between the existing environments that lets enterprises easily and quickly implement the blockchain technology into their businesses without the necessity to replace or change their current structures.  

  Having joined Omnitude, you get the opportunity to utilize blockchain technologies in order to address a variety of challenges concerning financial crimes, identity thefts, supply pipelines, and so on. Read about this solution in our article.  

  Concept of Omnitude

The platform is based on the Hyperledger project, an open-source, controlled protocol enabling and governing B2B and B2C transactions. The key nodes of the solution are administered by certain parties selected by the Foundation. The access level for each participant of the project is predetermined by the role he plays. Most of them are allowed to develop information flows and integrations through APIs in order to boost the process of application creation. They can also develop the teamwork within the limits of the Omnitude ecosystem, so that different e-commerce parties could intercommunicate.     

  The platform includes two basic differentiators:    

 1. Identity + Supply Pipeline  

Omnitude interconnects identity systems and supply solutions for the purposes of e-commerce environment. When integrated together, these two concepts constitute a great value for this sphere of business:     

• POI Solution. As advocated by the project’s developers, every user has an Omnitude Identity. It simplifies the process of customer identification and streamlines people’s onboarding experience. Both merchants and ordinary users have their purchase history, reviews, and other data recorded and stored.
• Supply Pipeline. This solution lets customers track items through the supply chain with the use of forgery-proof cryptographic symbols. Herewith, all the relevant data is recorded within Omnitude’s blockchain.    

 2. DPBFT Mechanism     

The software uses the DBPFT algorithm, which provides an instant settlement of transactions, excellent transaction finality, and good scalability. The algorithm of DBPFT is rarely implemented by projects of the kind, but Omnitude has managed to get the most out of it.    

  Developers

  The team behind this project is headed by Chris Painter. He has 9 years of experience in Pixel by Pixel, a world-known company that specializes in design, development, and e-commerce. Today, Chris is the founder of Omnitude and its CEO. 

Vladimir Kalynyak is the founding member of Omnitude. In 2005, he became the co-founder of Simbirsk Technologies, which grew up from a small business to a prosperous enterprise with over 100 specialists in different fields. 

Robert Belgrave, the project’s co-founder and advisor, can boast of rich experience in IT. He was a CEO in Wirehive, an Advisor in DADI, and a Lead Solution Architect in a number of ventures. 

One more member of the team is Ben Bennet, Omnitude’s Operations Director. Along with this project, he manages two other businesses. Ben Bennet can boast of over 13 years of experience in sales and marketing. 

Other members of the team are Benjamin Van Every (specialist in blockchain), James Worthington (consultant in Hyperledger), Lianne Byrne (head marketer), and others.   

  Token Utility

The native tokens of the Omnitude’s ecosystem are called ECOMs. They open access to the system’s tools and opportunities. Besides, ECOMs play the following roles: 

• They serve as the remunerative incentive to secure the infrastructure of Omnitude. The system’s participating nodes receive a certain amount of ECOMs for the transaction management.
• They are the native currency for those who utilize the tools, solutions, and functionalities of the project, i.e. for the users of Omnitude.
• They are necessary for raising funds that will provide the long-term development of the solution. The tokens issued in the process of crowdfunding will serve as the seed capital to boost to system’s development.  

The value of ECOM grows proportionally to its demand. The developers have planned to issue 100,000,000 tokens. Their private pre-sale cost was $0.40 for 1 ECOM. The private pre-sale cap was as much as 10 mln tokens ($4 mln). After the pre-sale period, the cost of ECOM is prescheduled to be $0.46 for 1 coin. The token sale hard cap will reach 45 mln tokens.     

In order to purchase ECOM, one should register on the website. Each person is allowed to buy tokens up the amount of $50,000. Transactions in the system can be paid with ECOM tokens, cryptocurrencies (BTC and ETH) or fiat.    

   Omnitude’s Roadmap

The project was started in the third quarter of 2017. When the technical basis of the solution was ready, the developers created the detailed Whitepaper and confirmed the project’s technical viability. In the first quarter of 2018, the business case was released and the website accepted its first onboard beta clients, business partners and stakeholders. The team behind Omnitude created the Proof of Concept and closed the recruitment drive.  

ECOM pre-sale took place from January, 30th to February, 18th 2018. Its crowdsale is planned to start 28th of March 2018 and finish 25th of April 2018.  

In the second quarter of 2018, the team will announce the technology partners, work on phases 1 and 2, create the integration code, and organize ECOM live exchanges. In the third quarter of the same year, they plan to finish phase 1, start testing, and develop operating models and governance. As soon as the testing period is over, they’ll take Omnitude into full production. It is scheduled for the beginning of 2019.     

    Resume

The idea of integration of Blockchain technology and e-commerce projects is challenging and high-potential. Therefore, the ecosystem of Omnitude seems to be an ideal solution for the wide range of obstacles associated with the current e-commerce industry. The project’s technical implementation is bold and concise; when successfully realized, it can become a game-changer in the area. 

Today, Omnitude can boast of a great number of followers in its Telegram and Twitter. The system’s Reddit is also active; there, the potential clients are maintaining a consistent and clear communication with the team behind the ecosystem. However, now the website has no code base, which makes it hard to estimate its technical capacities.     

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