THE OMNITUDE EFFECT!

nnedaddy1 (38)in #ico • 6 years ago

Omnitude is a blockchain smart platform that connects the blockchain technology , e- commerce platforms and systems involved in building end to end supply chains.

WHAT IS E-COMMERCE THEN?

It means Electronic commerce or EC in short form.

This is the buying and selling of goods and services or the transmitting of funds or data over an electronic network, primarily the internet.

These business transactions occur either as business to business, business to consumer, and consumer to business.

It is estimated that global e- commerce volume and value in sales in 2016 were worth $1.86 Trillion and are expected to hit $4.48Trillion by 2021.

The continuous expansion and growth of the e- commerce sector is of a great benefit to the society. The potentials and benefits might seem endless, however, their are limitations to impeding it's widespread adoption in recent times.

These challenges are:

Lack of a unified regulations and standard.

Transparency issues
Supply chain issue s

Trust issues

Fraudulent activities

High cost of transactions.
Etc.

This has necessitated the need for a platform that can provide lasting solutions to the problems.
Introducing Omnitude, A blockchain smart platform that connects blockchain technology , e- commerce platforms and enterprises system involved in building an end to end supply chain.

Omnitude is a pioneering project to revolutionize connectivity between blockchain technology and e-commerce platforms and enterprise systems.

Businesses would be exposed to new ways of solving problems .

Omnitude plans solving the Fraud challenges in the e- commerce sector , by leveraging off the blockchain technology and create an universal(single) Identity on the blockchain for users.

This will relieve merchants of the burden of having to keep tab on extensive database containing personal data of their customers.
This single identification will also mitigate the risk of charge back fraud to a extent.

Customers want to be in the know , as regards the location of their packages. Omnititude hopes to provide solution to this supply chain issue by creating a real-time auditable , tamper proof structure omnititude Tracker App ---- this will help in tracking the movement of a customer's package.

Omnitude Node----this will see to it that the customer's package gets to their targeted destination , and then make payment to the shipper.

The issue of having to submit details almost everytime by a buyer , whenever he/she wants to transact business's can be exhausting and time- consuming.

Omnitude would provide a client -App where buyers would be expected to submit their details and preferences on the omnitutude blockchain.
This way, buyers can easily send their information to a merchant with just a click.

This will facilitate a faster transaction and increased customer satisfaction.

It seeks to build trust between merchants, customers and suppliers by deploying the Omnitude Single Reputation. Model. And provide an alternative cryptocurrency -based payment mechanism that will see to it that the gateway provider fees paid by users in the traditional model is eliminated and replaced with lower blockchain transaction fees.... Which would significantly reduce the cost of doing business.

Omnitude Architecture

Omnitude will be built on top of hyperledger, the open source , global collaborative project hosted by the Linux Foundation.
Hyperledger is is a permissioned blockchain protocol which enables business to customer and business to business transactions.

CORE FEATURES OF OMNITUDE

Hyperledger.

Identify.

Auditability.

Private transactions.

Confidentially contracts

Token sale information

Price of token. = 0.46$/ECOM

Hardcap= 25M USD

Total supply= 100M ECOM

Total Token for sale= 55M

THE OMNITUDE EFFECT!

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