Omnitude - allowing blockchain-based eCommerce businesses
The sphere of trade constantly requires innovations in technical terms, as here exact calculations, the most reliable mechanisms for fast and profitable transactions are constantly required, as well as a clear logistics system. The Omnitude system is based on the Hyperledger platform and is actively implementing blockchain technologies in the area of both retail and wholesale trade, the scope of commerce in general and its logistics components. In order to make calculations within the platform reliable and as fast as possible, it was decided to introduce the circulation of its own currency - ECON token. Often, the existing infrastructure in the field of commerce is outdated and cannot meet all the needs of business parties, while applications based on blockchain technologies can solve this problem quickly and easily, without drastic changes of the established structure.
The goals of the current Omnitude system are the following:
• Creating an opportunity to track the supply chain in real time mode with full transparency and reliability of processes;
• Reducing and in the long-term - completely getting rid of various frauds in the field of electronic commerce;
• Providing each user with a unique identifier that will allow logging in their account or to a site associated with the Omnitude system from any device;
• Creating effective integration in the corporate environment.
The very first problem that the creators of Omnitude intend to solve is the difficulties due to constant fraud in the field of electronic commerce. A fraudster introduces himself as the owners of a legal account, receives money from a client and disappears. They do not interfere with anything and it is quite easy to carry out such an operation under current conditions. Concerning supply chains, we can say that they are being established in a very inefficient way, take a lot of time and have a lot of unnecessary costs.
In general, most of the processes are done manually, which, again, is long, expensive and not at all reliable. Another problem that blockchain technologies are able to solve is the creation of an artificial reputation for a product or brand, which, as a rule, is created by owners themselves through the placement of counterfeit reviews.
Omnitude offers a single identity chain that allows storing user IDs in the system and automatically check them for transactions, which makes the process instant and eliminates unnecessary commissions. For inefficient delivery systems, Omnitude has a solution associated with missing payments depending on the delivery phase. The blockchain-based system will track the delivery processes and record the data. To prevent f counterfeit reviews, Omnitude checks whether a transaction was made by a buyer from a seller his/her review is about.
E-commerce has long needed a full-fledged system which would allow making transactions quickly and profitably, tracking the delivery process and prevent the appearance of "purchased" reviews artificially creating a seller's reputation. All these possibilities are offered by Omnitude system using the blockchain technology. The system effectively interacts with manufacturers, sellers, distributors, warehouse managers, delivery services and other participants in the e-commerce system for mutual benefit and maximum efficiency.
Website: https://omnitude.tech/
Whitepaper: https://omnitude.tech/whitepaper.html
Telegram: https://telegram.me/Omnitudechat
Facebook: https://www.facebook.com/Omnitude.tech
Twitter: https://twitter.com/Omnitudeorg
Medium: https://medium.com/omnitude
ANN: https://bitcointalk.org/index.php?topic=2683959.0
Author: https://bitcointalk.org/index.php?action=profile;u=980049