Omnitude is a platform that aims to make the online retail place secure, transparent and help companies running these platforms generate more revenue by saving costs for them. Omnitude is basing its whole platform on the Hyperledger fabric which will allow it to act as a tool of integration. Omnitude’s platform will also be based on blockchain technology. Omnitude aims to help online retail place platforms integrate their existing systems with blockchain platforms that are already there. Blockchain has key advantages that will help online retail marketplaces have much safer and cheaper transactions.
In support of this, Omnitude will also have its own blockchain platform. With a team that has experienced the needs of online business, Omnitude will equip there blockchain with the necessary tools to serve these platforms effectively. One of the things they noted and is common knowledge to most of us is the theft that is prevalent in e-commerce websites. This theft can either be done by the seller or the buyer.
Some sellers fail to deliver products after they have received payments and some buyers fail to give payments after they have received their products. They use loopholes that have been placed by various laws governing e-commerce platforms. Omnitude is going to seal these loopholes by getting the identity of everyone in their platform. This identity will remain anonymous but when carrying out transactions, part of it will be revealed to the buyer or the seller. In case of any disagreement, the full identity can be used to help the victim recover their losses. Omnitude calls this program the ‘Omnitude Identity’.
A problem that has also been encountered by online retail marketplaces, specifically by the buyer, is the inadequacy or lack of communication regarding the product that has been ordered. This usually leaves the buyer feeling uneasy until the product finally arrives. As a countermeasure, Omnitude will have a unique structure where buyers will receive real time updates on the location of the products they have ordered. On top of this, the products will also be linked to their origin. Through this, the buyer will have more knowledge which will be important in decision making.
The Omnitude network will be open to all who wish to join. It is however encouraging developers to join the platform as they will form the problem solving team for the future. Omnitude’s platform will have a means through which developers can collaborate and come up with solutions to problems businesses have. They will be geared towards providing special applications for complex problems that are beyond generalization.
Powering the entire platform is the ECOM token. It is currently being used for fundraising activities through which Omnitude will get funds to create its platform. ECOM will be used to as a form of settlement for services that will be provided in the platform. Omnitude hopes that ECOM’s value increase with increasing demand as they have set a limit for the allowed number in the platform. This will create value for early buyers of the ECOM.
To become part of the early buyers and help Omnitude raise funds for its platform, you can register for the token sale through https://tokensale.omnitude.tech/register.
For more information, use the following links; https://files.acrobat.com/a/preview/75fe0af9-d98b-4002-863c-138b43a131ef and http://omnitude.tech/.
blog by Rhinoboy11
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