Built on the Hyperledger platform, Omnitude could not have come at a better time. Omnitude is a middleware that will make businesses easily move from their centralized platform to a decentralized blockchain platform.
Omnitude’s main targets are online marketplaces and e-commerce businesses.
It wants to create a better atmosphere for these businesses to conduct their trade in a conducive environment. Currently, online marketplaces are suffering losses as a result of fraud, especially in identity theft. Their popularity is also being put in check as more people are becoming cautious about their transactions online. A secure system will, therefore, be vital in changing the perception of online shoppers and helping e-commerce businesses generate more revenue.
Fighting online crime has become far much easier ever since the introduction of blockchain technology. Systems that are based on blockchain platforms use its transparency and security features to deter any criminal activities in their system. The Omnitude blockchain will also be as secure. They will offer online marketplaces security features that are only possible in decentralized platforms. Because of decentralization, the database of these businesses will be stored in a decentralized manner which will discourage any hacking attempts.
Omnitude has a solution to online fraud.
The approach Omnitude is taking is a concept that will only work best on blockchain. Upon registration on the platform, each user will be required to fill out a KYC form. This will ensure that Omnitude has legitimate user data on their platform at all times thus anyone who will attempt any type of fraud can be traced and legal procedures followed accordingly. Through its identification system, it will create a simple verification method where buyers and sellers can easily identify each other through special data they share from previous transactions. This data can also be used by other sellers to identify new buyers. This feature will only be accessed through the use of ECOM, which is a utility token in the Omnitude platform. Sellers will be required to pay other sellers to access the information of buyers for easy identification.
Omnitude’s identity system will also form part of its supply chain solution. Since everyone in the platform will have their legitimate details recorded, it will be easier for orders to be verified when made. The orders made can also be tracked using blockchain by setting up nodes along the supply chain which confirm the location of the product once they reach a particular point. These services will be incentivized using ECOM where users who provide their nodes to make this possible will be paid in ECOM tokens.
Through the Omnitude blockchain, developers in the platform will also have a chance of coming up with applications tailored for solving problems in the business world. They will also require ECOM to have access to the necessary tools needed to develop these applications in Omnitude’s platform.
Omnitude will be an inclusive application that will accommodate new ideas from upcoming developers. It is going to be a problem-solving juggernaut in days to come. To make this happen, Omnitude will need funds to create the platform. Omnitude is using crowdsale of its ECOM tokens to get the necessary funds needed.
You can support Omnitude by purchasing these tokens through https://tokensale.omnitude.tech/register. You can also visit them on http://omnitude.tech/.
More details can be found on their website or directly from their whitepaper: https://files.acrobat.com/a/preview/75fe0af9-d98b-4002-863c-138b43a131ef.
blog by Rhinoboy11
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