Reducing the Cost of Doing Business Online. Omnitude is the way!
The cost of doing business traditionally is quite high but it has been coming down thanks to technological developments. In as much as the cost is reducing, there is still more we can do to reduce the cost even further for both the owner(s) of the business and the buyers of the product(s).
E-commerce is one sector where savings can be made quite easily. This is going to be demonstrated by Omnitude, through its middleware and platform, as they hope to reduce the cost of online businesses and supply chain management through the use of blockchain. They plan to provide a cheap solution for integration of blockchain services into existing business networks and provide a real-time tracking solution of products on transit.
Omnitude has a big role to play.
Omnitude’s middleware is quite effective in linking up systems with blockchain. Blockchain is the leading technology in transparency therefore it would benefit e-commerce platforms and other online businesses that would want more transparency and trust in their platform. The advantage of Omnitude is that it upgrades your system without any downtime. Your platform will remain running as your network is integrated with your blockchain of choice.
Omnitude will have its own blockchain where it will host different e-commerce platforms. Having its own blockchain will allow Omnitude to offer certain unique services.
Combating identity fraud.
Omnitude plans to have an identity system which will help combat the problem of fraud in e-commerce and also make it easier for people to transact across different platform. This will be supported through KYC which will ensure the information on users of the platform is legitimate.
With their identity system users of the platform could trade in different e-commerce platforms that are using the Omnitude blockchain without having multiple accounts in all these websites. Confirming their identity will be easier through the Single Identity system. This confirmation process prevents any form of fraud too as each user’s details is linked to them.
For supply chain management, tracking orders is the best way to go and Omnitude will use blockchain and other supportive technologies to track orders right from where they were produced to the moment they reach their intended destination. Users will get feedback periodically on where the progress of their orders. The stress that usually comes with delayed orders or lack of communication will have been solved through this system.
Building a community on top of Blockchain.
On top of these features, Omnitude will have a space where it will help developers come up with specific solutions for problems that face business. They will develop tailor-made solutions for this specific problem. By doing so, Omnitude will also be supporting the app developing community.
Omnitude requires some help in developing their platform. All great ideas need some monetary resources. Omnitude is selling the ECOM, their utility token, to get money to use for the development of their platform. The ECOM comes with a number of advantages that will be experienced in the Omnitude platform.
Useful resources.
You can purchase the tokens through the link provided, https://tokensale.omnitude.tech/register.
Visit their website on https://omnitude.tech/index.html to find out more about their programs and what they envision for the future of e-commerce and online marketplaces.
You can also go through their whitepaper via https://files.acrobat.com/a/preview/75fe0af9-d98b-4002-863c-138b43a131ef.
blog by Rhinoboy11
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Originally published at cryptocurrencyafrica.wordpress.com on May 4, 2018.