Omnitude platform

Table of contents:

1. Omnitude platform
2. Goal
3. Problems and solutions
4. Benefits
5. How does it work
6. ICO Details
7. Conclusion

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Omnitude platform

Omnitude is a project based on the Hyperledger platform. The task is to introduce blocking technologies into the sphere of retail and wholesale commerce and corporate systems related to the creation of logistics platforms. The project develops an internal coin "ECOM". It will serve as the basic means of settlement on the platform. The use of Omnitude as a means of interaction between functioning systems will allow the fastest deployment of applications based on blockchain technology, without the need to replace the existing infrastructure.

Goal

Creation of transparent and accountable production and supply chain.
Significant reduction in fraud in electronic commerce.
Provide a single customer ID for use through any Web site linked to Omnitude.
Blocking integration between corporate systems, such as ERP & Amp; WMS.

Problems and solutions

Omnitude wants to solve some of the pressing problems in the e-commerce and supply chain. First, they want to solve the growing problem of fraud in this sector. These days swindlers personify legitimate account holders, take on their accounts and use them to make purchases. In addition, the financial supply networks, which should ensure the release of cash after the delivery of goods, are very inefficient. This inefficiency stems from their dependence on manual processes; processes that are time-consuming, expensive and inaccurate. In addition to these, there is a surge in the number of fake reviews on e-commerce platforms. Some of the fake reviews are conducted by the traders themselves to enhance their reputation. Competitors also initiate fake reviews to damage the reputation of their rivals. Finally, online payment vendors must pay excessive fees to gateway providers; sometimes they pay up to 2.9% of the transaction amount.

To solve the problem of e-commerce fraud and identity theft, Omnitude provides all users with a single identification of the chain. This certificate will provide customers with simplified and accelerated training on board. In addition, all user IDs and their profiles are stored in the Omnitude block chain, so whenever they want to make transactions with other traders on the platform, their identifiers and preferences are automatically checked and the transaction terminates instantly. As for the payment for the gateway services, Omnitude plans to use low transaction fees.

Omnitude aims to address the inefficiency of the supply chain through a system that facilitates the issuance of payments, depending on the stage of delivery. This system will track deliveries in stages through the supply chain and ensure the accuracy of the seller's claims. Omnitude also has a system to prevent fake customer testimonials; Proof of the interaction. Here's how it works: he checks that the transaction has really been successfully accomplished between the two parties. After confirming that the transaction took place, the system will allow the customer who made the purchase to give the seller a review.

Benefits

View: The universality of this platform is open to all participants who are interested in e-commerce. Users are approved a unique oid by this platform, which helps a person to exercise control in accordance with their desire. The appropriate level of access that is really needed for wiring in the ecosystem depends entirely on the fund's multifacetedness. The security and permanence of a person depends entirely on the new node of this ecosystem. The ECOM marker plays an important role, providing economic incentives to protect the platform. In other words, it is a platform that runs on the network permissions to users.

Security: this platform of an unknown source is not allowed to modify any user records. This platform allows the user to basic certain transaction limits in a confidential manner, so that no unknown user gets to track any information about the transaction. This platform also allows transactions to block Bitcoin and Etherium.

Transparent: Multifaceted is a platform with huge transparency, which saves data on its own block of all users, without even mixing information. This creates a proof of the link off-the-led data for all operations related to blockage. All this is done in such a way that the data have all checked honesty, even depending on any authority.

How does it work

The global e-commerce market reached the level of 1.6 trillion US dollars in 2016. The projected growth of this market by 2021 is almost triple, to the level of 4.5 trillion US dollars. The main turnover is accounted for by online retail stores.

1. However, this industry is constantly facing serious problems. The most common problems leading to losses:
2. 45% of online stores report financial losses when introducing new software into the existing structure;
3. When paying online, the losses of Internet traders from fraud reach 0.5% of gross sales;
4. The loss of sellers from the abuse of credit cards is approaching $ 25 billion a year;
   fraud with the identity of legitimate cardholders also causes significant damage to free trade.

The launch of the Omnitude platform can help in achieving the following goals:

1. Introduction of honest and "transparent" accounting systems in production and in supply chains;
2. Maximum reduction in the possibility of fraud in e-commerce;
3. Implementation of a unique user ID for use on any site, online store and so on;
4. Help in the integration of blocking technologies into corporate systems, such as ERP & WMS.

ICO Details

Price: 1 ECOM = 0.46 USD
Accepting: ETH, BTC
Soft cap: 10,000,000 USD
Hard cap: 20,700,000 USD

Together with the platform, Omnitude will launch tokens that can be used on the platform, which will be called ECOM tokens. Users on the platform, such as Merchants, Customers or even vendors, will need to use these tokens to take advantage of a particular service or make any transactions on the platform. Along with the ECOM tokens, you can even participate on the platform through the FIAT currency.

Conclusion

Blockchain technology has great potential for e-commerce and the supply chain industry. Many parties, such as manufacturer, aggregators, local distributors, warehouse managers, delivery services, participate in a single e-commerce transaction. A basic protocol based on blockbusters, such as Omnitude, can combine all these elements and make the system more efficient. The services provided by Omnitude will be more useful for small e-commerce platforms.

More information can be found here:
1. WebSitе
2. Whitepaper
3. Telegram
4. Twitter

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