Having a business online also means that you will most likely provide an online payment option. The currently available options include means such as PayPal. Most of these payment options usually charge a high percentage of transactional costs. This coupled up with bank rates results in loss due to high frictional costs. Online business can still be conducted in a cost-effective, secure and transparent manner. We have the right technology that can make this possible. The company, Omnitude, is going to provide a way through which this is possible.
In as much as moving to better systems is good, the whole process may disrupt the entire operations of a business. This is one of the discouraging factors for businesses that would like to improve.
Omnitude comes with a great solution. Omnitude is a middleware. This means that it helps with integration of systems. For businesses, especially those that are based online, the Omnitude platform can be used to integrate the current network to a better platform.
Omnitude will specialize in integrating systems with blockchain which it believes is the solution to problems that face online businesses. E-commerce is one of the most affected businesses online which Omnitude would like to help.
There are different types of online fraud –
but all have the same effect of making the business owner and their clients suffer. People have had their identities stolen and their credit cards used to make purchases. E-commerce businesses have had goods delivered to their ‘clients’ who end up not paying. It is for this reason that Omnitude will also develop its own blockchain where online business platforms will be able to track any user that has been involved with fraud in the platform. The Omnitude blockchain will require that all its members give their official details through KYC forms which guarantees their legitimacy. This information will also help smoothen the process of buying and selling. The process will be much faster as identifying buyers by sellers will take a short time. Similarly, buyers and sellers can build their e-commerce reputation through this identity they have by having their previous trading records visible to the parties they want to trade with. This will build confidence in the parties they want to trade with.
Furthermore, having an identity locked to one person will help in shipping of goods. Goods can be tracked from the time they leave the seller to when they reach the buyer. Omnitude will use tracking devices and nodes placed in different stages of the supply chain to confirm the movement of goods. This will also help in assuring quality of goods as they pass along the supply chain. The goods will also have their entire history with them.
The Omnitude platform will also have tokens know as ECOM which will support the programs that Omnitude has in place. The ECOM is currently being sold in a bid to help raise funds for the creation of Omnitude. The crowdsale will end on 25th April 2018. You can buy them through the link provided.
Reference links
- https://tokensale.omnitude.tech/register – ECOM token sale
- http://omnitude.tech/ – Website
https://files.acrobat.com/a/preview/75fe0af9-d98b-4002-863c-138b43a131ef – Whitepaper
blog by Rhinoboy11
Bitcointalk: rhinoboy11
Telegram: @rhinoboy11
Facebook: /Conservationists
Medium: Kifaru Mweusi
Steemit: Rhinoboy11
Reddit: Rhinoboy1
CryptoCurrencyAfrica 