The Ecommerce Revolution by Blockchain Technology with OMNITUDE

semensichev (28)in #ico • 6 years ago

As the size of the eCommerce industry is growing in volume and value all over the world, eCommerce fraud is expectedly growing alongside it. The eCommerce industry estimated to be worth about $1.86 trillion USD as at 2016 is envisaged to sky-rocket to about $4.48 trillion USD by the year 2021. This is certainly encouraging, but at the same time gives room for fraud to excel, hence the need for a system that will help keep the potential fraud boom in check. As a matter of fact about 45% of suppliers and merchants have already lost above $1,000,000 USD in revenue from problems associated with integrating cross-channel capabilities into their commerce.

Omnitude is a blockchain based smart platform that connects block chain technologies, ecommerce platforms and enterprise systems that are concerned with building end-to-end supply chain. It aims to make the online retail industry to become more transparent, more profitable and more secure as the platform itself will be transparent and open for anyone to design and create Omnitude applications to integrate with existing solutions in eCommerce, supply chain and enterprise systems.

OMNITUDE is here to help the merchants and sellers by providing single identity and single reputation system based on the blockchain technology. It enables the Omnitude Identity (OID) where the customer has to enter his personal identity data only once which is stored on the OMNITUDE Blockchain.

Proof of Interaction helps in the identity confirmation on the OMNITUDE platform. For reducing the shipments of pirated goods in the supply chain, they are introducing Identifiers which are tagged with the items and can be tracked any time. The total ecosystem of e-commerce management is provided on the platform for the Merchants and sellers.

Ico and team review

ECOM Tokens will be distributed to the public to garner participation and growth of the platform. A total of 100,000,000 ECOM tokens are created in which 50 % is available to the public. The attracted funds will help in the development of the platform and marketing across media channels.

OMNITUDE team is a group of experts who have years of experience in the domain of technology and business. They believe integrating blockchain technology in the current e-commerce system will enable rapid growth of the industry.

As a way of raising funds for the establishment of these initiatives, Omnitude will be issuing an ICO for the Omnitude token (ECOM token). The ICO will be beneficial and very rewarding to individuals who will participate. The ICO for the launching of the ECOM token will be launched together with the Omnitude platform, as users will need to ECOM token, crypto currency or fiat currency to participate.
100 million ECOM will be in total supply and $ 0.40 USD = 1 ECOM.

I think OMNITUDE is offering a comprehensive solution to the merchant and sellers which makes the transaction on the e-commerce platform transparent and trustworthy.