Omnitude — A New Revolution In Ecommerce

yanti elyasa
5 min readApr 17, 2018

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Omnitude acts as middleware — a smart integration layer that that allows eCommerce providers to adopt blockchain on a ‘plug and play’ basis, without needing to replace existing systems. This will help to drive mass adoption of blockchain technology, making it quicker, easier, and cheaper to integrate for businesses of all sizes. In bridging the gap between blockchain theory and practice, Omnitude aims to provide quicker, safer and more cost-effective ways to solve a variety of pertinent problems for online retailers, including fraud, supply chain inefficiency, and identity theft, as well as reducing item returns and improving data security.

Omnitude has specifically chosen Hyperledger Fabric as a blockchain implementation framework because of its stability, security and ability to process large volumes of transactions quickly. We believe this is one of the aspects that sets Omnitude apart and will drive the success and adoption of our ecosystem.

Omnitude can help achieve:

• The creation of transparent and accountable manufacturing and supply chains

• A significant reduction in eCommerce fraud

• The enablement of a single customer identity for use across any Omnitude connected eCommerce site

  • Blockchain integration between enterprise systems such as ERP & WMS

Core Principles

  • Collaboration: With the meteoric rise of blockchain technologies, integration & collaboration with others becomes more and more resource and time intensive.
    Omnitude will allow blockchain projects to easily integrate with each other, speeding up development cycles and reducing cost, whilst also allowing for innovation by combining these technologies.
  • Adoption: Technology is evolving faster than ever before, and we believe the greatest applications are yet to be conceived. These ground-breaking platforms will no longer only be available to their creators or the elite. Everyone will reap the rewards as we make blockchain technology available to everyone, on even terms.
  • Innovation: Think it. Discuss it. Refine it. Create it. Omnitude has no anchors and is on a voyage of continual discovery and improvement. To be truly innovative you need no boundaries. We want to have solutions to problems that don’t even exist yet.
  • Accountability: We say it. We do it. We own it. As will our customers and their customers alike. We will help build this world of trust and accountability through ever-evolving technology, but also by the DNA of our business. We will continue to deliver at the very highest level, for you.
  • Revolution: Blockchain is already shaping our future. It will change our view of industries as we see them today, as we are on the cusp of a new generation of transparency and openness. We’ve only witnessed the beginning of the blockchain revolution.

Core features

  • Fast deployment of blockchain technology
  • Hyperledger
  • Identity and auditability
  • Private transactions and confidential contracts
  • Omnitude & Community Apps
  • Solving Problems via our own apps

A middleware blockchain platform that works for every eCommerce business and their customers.

  • Big Business: Big enterprise businesses have complex WMS, CMS and ERP systems that have been put in place by differing providers at different times in their growth
  • Small Business: Small businesses cannot afford to invest in these complex systems so will never truly be able to compete with the big boys in terms of managing their data to deliver business information

An ECOM utility token will be launched alongside the Omnitude platform. Merchants, customers, and suppliers will require ECOM to participate in the Omnitude ecosystem.

The ECOM token will serve several primary functions:

1) A native method of settlement between parties to access ecosystem resources.

  • Merchants will make payments in ECOM to other ecosystem participants to use the on-ledger Omnitude solutions for Supply Chain Provenance, Delivery Cycle, Transparency Data, Single ID, Single Reputation and Proof-of-Interaction.
  • Customers will make payments to merchants using ECOM, cryptocurrencies, or FIAT.

2) An incentive for ecosystem participants to operate and secure the ecosystem.

  • The consistency of Omnitude’s immutable blockchain will be guaranteed by a distributed, peer-to-peer network of validating nodes running the Omnitude Core client application. In return for enforcing Omnitude’s Delegated Practical Byzantine Fault Tolerance (DPBFT) consensus algorithm, validating nodes will share in ECOM block rewards.

3) A means to raise funds for long-term development of Omnitude.

  • Through the crowdfunding, the Omnitude Foundation is raising funds for the initial issuance of ECOM, and for the development and launch of the Omnitude ecosystem.
  • The ECOM coins issued during the crowdfunding will be the initial float to bootstrap the ecosystem.

Token ECOM
PreICO Price 1 ECOM = 0.40 USD
Price 1 ECOM = 0.46 USD
Bounty Available
Platform Hyperledger
Accepting ETH, BTC
Minimum investment 150 USD
Soft cap 10,000,000 USD
Hard cap 20,700,000 USD

China and America are leading the march in total Global e-commerce sales. 69.1% of total global e-commerce revenue comes from these two countries. They are leading the charge in the total e-commerce sales in the World which is estimated to grow 4.48 trillion dollars by 2021. The key device used for buying on the e-commerce websites is mobile which is 70% of the total e-commerce sales in India and China.

The fact of the matter is absorbing the best possible solution to our problems, which is the key to growth and development. E-commerce is fighting serious challenges and it is high time to experiment with latest tools to monitor their growth and find the optimal path for future development. 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.

For Information

Website: https://omnitude.tech/
Reddit: https://www.reddit.com/r/Omnitude/
Telegram: https://t.me/joinchat/GvyX0g8PC7_JsyUu0fruUw
Facebook: https://fb.me/Omnitude.tech
Twitter: https://twitter.com/Omnitudeorg
Linked: https://www.linkedin.com/company/11320641/
ANN: https://bitcointalk.org/index.php?topic=2683959.0

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https://bitcointalk.org/index.php?action=profile;u=1184517

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