Omnitude - Decentralization in Internet Trade (ICO)

noticierobitcoin (54)in #omnitude • 6 years ago (edited)

About Omnitude

Omnitude is an intelligent blockchain platform that connects blockchain technology, the e-commerce platform and the business systems involved in creating end-to-end supply chains. The use of Omnitude as an integration layer between existing systems allows rapid deployment of blockchain technology without the need to replace the current system.

Omnitude's proprietary platform will be open and transparent, allowing anyone to design and build Omnitude applications to integrate with existing eCommerce, supply chain and enterprise systems solutions.

The main value of this platform is that it will make Internet commerce highly transparent, profitable and at the same time secure. The use of all Omnitude properties in the integration into existing systems will allow the block system technology to scale to include and even replace existing systems. This platform will allow each participant to design and create applications that are already based on prefabricated technology and then integrate them into existing e-commerce.

The objectives of Omnitude among others include the following:

Creating transparent and accountable manufacturing and supply chains
Significantly reduce e-commerce fraud
Ensure that the identity of a single customer can only be used by that person on any e-commerce site connected to Omnitude.
To allow the integration of the chain of blocks between the business system.

In achieving these objectives, Omnitude will act as an intermediary to enable the simple integration of block chain technology into existing systems and thereby transform their capabilities. This will be done in two phases;

Main Characteristics of the Platform

Hyperledger

Any entity involved in e-commerce (e.g., merchants, customers, suppliers, messengers, affiliates/referrals, or omnitude specialists) can join the Unity ecosystem. The Omnitude Foundation will assign them OIDs and execute complete or partial nodes. Depending on its role, the Omnitude Foundation will establish the appropriate level of access required to conduct transactions in the ecosystem.

Identity and auditability capabilities

The Omnitude Foundation will manage the user's OID and authenticate all participants on the network. Access control lists can be used to provide an additional permission layer through the authorization of certain network operations.

Private transactions and secret contracts

Transaction patterns can be observed and interpreted, and shared risk books reveal confidential details about business relationships that should not be disclosed to competitors. Even the relative volume of participants in trade is trade information that systems that support trade between parties should not disclose.

Problems in the Sector

As the market grows, you experience more problems from scammers. These criminals are always attracted to where the money is, and right now, e-commerce has great potential. It is estimated that around 45% of all suppliers and merchants trading in e-commerce have been victims of online fraud at some point.

This fraud will not only persist, but is expected to continue to grow. For every $100 spent in 2017, criminals stole about 5.65 cents. Part of the reason why criminals are successful is that customers have to use a bank transfer mechanism. This exposes them to attack with ease. In addition, the misuse of chargeback services is another reason why scammers are often so successful.

Proposed Solutions

Online fraud usually occurs because of identity theft. The Omnitude team will address this problem by using blockchain technology. The blockchain can create immutable records, which means that fraudsters cannot easily circumvent security.

In addition, since this platform will reduce the use of credit cards, it will reduce the likelihood of chargeback fraud. This will be possible through the token that will be issued along with the launch of the platform.

About Token and ICO

Symbol: ECOM

Token supply: 100,000,000,000 ECOM

ICO Selling Price: 1ECOM = $0.46 USD

HardCap: 55 million ECOM (about 25 million USD)

Token sales will require pre-registration with KYC limits and $50k USD per person.

After the first round, unsold tokens will be available to all registrants with every person who can buy ECOM for $50k USD until they are sold out. This will be repeated until the fifth round where the point of sale of chips will end if it has not been exhausted.