Omnitude. ICO.

About Omnitude.

The first step to stimulating the use of Omnitude tokens in online trade will be launching of their platform. Once it has been launched, other e-commerce technologies will be able to use to connect with blockchain technologies. Technologies using the Omnitude platform will not need to develop their own platforms to interface with blockchain technologies. That will allow businesses to enjoy a quick and efficient connection to blockchain-based services.

Once the Omnitude platform has been launched, the next step will be to create apps for specific use cases of the new platform. The app development will be by the Omnitude team, as well as the Omnitude community with support from Omnitude. To get the community started, the Omnitude platform will be launched with some of the specific use cases that the team has already created. The support from Omnitude will be in form of the shared code and documentation detailing how to use the code.

It means that Omnitude will take existing eCommerce businesses and integrate them with the blockchain without requiring them to invest time and money into the development of their own systems.

The project will allow merchants to build drag and drop apps that customize the way their businesses interact with the blockchain.

The project will change the way business handle data by creating a new layer between their old systems and current blockchain technology.

The integration to the blockchain will include four main components which are:

• Supply Chain Tracking
• Identity Confirmation
• Payments
• App Development (Omnitude & third party)

The idea of integrating manufacturing process with supply chain and eCommerce adoption seems impossible and yet Omnitude proves that nothing is impossible. Yes, they are delivering a radical idea with help from blockchain technology. Development process may not be easy but final result should be smooth. Complication and difficulty may happen at first but when adjustments have been made, everything should run efficiently, smoothly, and well.

• Supply Chain
  Omnitude will use cryptographic identifiers (serial numbers, security tags, etc) in conjunction with geographic nodes that write the products location to the blockchain.

This system will provide an immutable, record of journey for each product that gives the merchant the ability to fully audit the supply chain from raw materials to final delivery. Omnitude plans to use this supply chain data to create staged payments as products travel up the supply chain.

• Single Identity
  Customers will be able to submit their user profile a single time and have the data encrypted via the blockchain. The user identity will store payment information, shopping preferences,reputation and additional data.

The single identity system includes what is called “Proof of Interaction” (POI) which helps to strengthen the reputation and identity system. Each time a customer and a merchant interact, the merchant will write a record of that interaction to the blockchain.

Reviews from consumers can only be shared if a proof of interaction between the two parties exists on the blockchain. This prevents fraudulent negative reviews from being posted about a merchant.

• Fraud Prevention
  Fraud prevention is a combination of supply chain, single identity and blockchain based payment systems. Omnitude will prevent fraudelent merchants or suppliers by allowing the a fully auditable supply chain. This benefits the end user as well as any business in the supply chain that may unknowingly be receiving an inauthentic product.

It will prevent fraudulent spending by requiring proof of interaction and a reputation system. Lastly, when paying with cryptocurrency the system will prevent fraud such as chargebacks.

Operation of the Omnitude Platform

Omnitude will build its platform on the Hyperledger, which is an open source, a colloborative global project that’s hosted by The Linux Foundation. The Hyperledger support business-to-consumer as well as business-to-business transactions. It provides the basic blockchain services, such as the ones that Omnitude is built upon. Some of the entities that will compose the Omnitude ecosystem are suppliers, customers, couriers, merchants, and affiliates.

ECOM token

The Omnitude crowdsale is beginning on March 28, registration is currently open. This was a two part ICO that included a public presale (sold out) and the public crowdsale.
The hardcap for this sale is $21,000,000 which is in the normal range for the current ICO environment. Based on the fact that the team eventually plans to develop their own blockchain the hardcap is lower than comparable projects.

A total of 55% of the total ECOM tokens will be sold to the public (50% crowdsale, 5% public presale) .

The presale has sold out but registration is open for the crowdsale. The base price per token at ICO is $0.46 ($0.40 for presale). There is no bonus during the crowdsale.

Team member tokens will have a 5 year lockup with 20% released per year. Unsold tokens will be burnt.

This project is trying to solve a real problem in a big way. In a short time there are going to be many ecommerce companies looking to use the blockchain to their advantage. If successful, Omnitude should be able to provide them with what they need which is simple integration of blockchain into their current operating systems.

Team:

The CEO Chris Painter is the managing director of Pixel by Pixel, a full service ecommerce integration, marketing and design firm.

The co-founder and advisor Robert Belgrave is more on the technical side and acted as an advisor for Dadi (recent ICO). These two members can act as leads to the two keys of this projects success, marketing (customer acquisition) and development.

The Omnitude team has opted to hire two consultants for the heavy tech work, including a blockchain consultant and a Hyperledger consultant. The advisors are a varied group including Sally Eaves, Tiago Henriques and The Blockchain Mob.

More Information :

Website: https://omnitude.tech/
Whitepaper: https://files.acrobat.com/a/preview/75fe0af9-d98b-4002-863c-138b43a131ef
Twitter: https://twitter.com/Omnitudeorg
Facebook: https://fb.me/Omnitude.tech
Telegram: https://telegram.me/Omnitudechat
Medium: https://medium.com/@Omnitude

My Bitcointalk profile Link: https://bitcointalk.org/index.php?action=profile;u=1661908