- Mar 14, 2018
With the explosion of information technology, the connection between people via the internet has grown exponentially, and online commerce has exploded as a necessity but … it is potentially too much risk: lack of transparency in identity, intentional scams, unclear product information … all of which leads to industry slowdowns.
About two years ago, my sister was like a lot of people, aspiring to set up a business with online business, she wanted to sell cosmetics, and very easily with the internet, she found a supplier for her products, The joy of a price bargain as well as the futuristic market, until the actual product reaches its hands, the fact that the quantity of the item is unmistakable, the product with its appearance beautiful but bad quality. Just after the first batch, the weak feedback has engulfed her, losses are inevitable.
The market is in need of a mentor, and Omnitude answers. !!!
What is Omnitude ??
Omnitude is a blockchain smart platform that connects blockchain technologies, eCommerce platforms and enterprise systems involved in building end-to-end supply chains. Utilising Omnitude as an integration layer between existing systems enables rapid deployment of blockchain technology without the need to replace current systems.
Omnitude enables businesses to solve problems in ways that were not previously possible, without the rise of blockchain technology. 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 ….and many more solutions from Omnitude and the community built as Omnitude Apps.
The Omnitude platform will act as middleware, enabling simple integration of blockchain technology into existing systems and in doing so, transforming their capabilities. It will do this in two phases…
The first phase of Omnitude will launch the Omnitude platform, this will enable connectivity between numerous technologies and platforms and allow them to take advantage of blockchain technology quickly and efficiently.
During the second phase, both the community and the Omnitude team will build Omnitude apps to solve specific use cases. There are already several Omnitude Apps designed for launch that are detailed in the use cases section.
How does Omnitude do it?
An ECOM token will be launched alongside the Omnitude platform. Merchants, customers and suppliers will require ECOM, crypto currency or FIAT to participate in the Omnitude ecosystem.
The initial ECOM tokens issued will be used to fund the development of the Omnitude platform and ecosystem, incentivise participants to operate and secure this ecosystem and create a common settlement method for people to participate in the Omnitude ecosystem.
They believe that there are some shortcomings that should be overcome immediately: eCommerce Fraud, Identity Confirmation, Identity Confirmation Proof of Interaction (POI) and Supply Chain
- The Omnitude Solution to eCommerce Fraud
In this turbulent environment, the need for an effective, state-of-the-art solution prevails. Omnitude’s Single Identity and Single Reputation will provide the means to help merchants reduce the most usual form of eCommerce fraud, Identity Theft, whereby fraudulent transactions are undertaken using a different identity, typically spending on someone else’s credit card or account. The Omnitude solution addresses all the major forms of fraud by using Blockchain technology. In providing users with a Single Identity on the blockchain, Omnitude will relieve merchants from the need to keep and secure extensive local databases containing sensitive personal data about their customers.
- The Omnitude Solution to Identity Confirmation
Omnitude’s Single Identity will reduce effort required by merchants to establish customer identity, and provide a simplified, quicker onboarding experience for customers. Customers with an Omnitude Identity (OID) will enter their own identity and preference data once, which will be verified by the merchant and then encrypted and recorded on the Omnitude blockchain. Each time they transact with a merchant, the customer will be able to submit, from the Omnitude ClientApp, the identity and preference information already verified by the first merchant in order to complete the transaction. This will accelerate and ease the purchasing process, increasing customer satisfaction and loyalty. In turn, merchants will need to expend less effort in verifying customer identities, as they will be able to check the provided data against its hash on the Omnitude blockchain.
- The Omnitude Solution to Identity Confirmation Proof of Interaction (POI)
Omnitude’s Proof-of-Interaction will provide the means to establish that a reviewer has a verifiable history of interaction with the merchant they are reviewing. Each time a customer with an Omnitude ID (‘OID’) transacts with a merchant with an OID, a record will be encrypted and written to the Omnitude blockchain by the merchant. When the customer elects to submit a review of the online merchant, the OIDs and private keys of both customer and merchant will be used first to verify from the Omnitude blockchain that the customer has transacted with that merchant. If they have, the customer will be allowed to submit a review. While certain personal details identifying the reviewer could be hidden, other details could be shown to help other customers validate the review.
- The Omnitude Solution to Supply Chain
Omnitude’s Supply Chain solution will allow individual items or shipments tagged with identifiers to be tracked as they move along the supply chain, for example from raw materials, to components, to assembled goods, to finished products, to final customer delivery. Whilst travelling through the Supply Chain, at key points, an item’s location will be recorded by trusted ‘witnesses’ and written immutably to Omnitude’s blockchain. Smart contracts running at each Omnitude node will track the item’s progress, and release payments to shippers or suppliers as milestones are reached, without the need for manual reconciliation, and regardless of how many different parties are involved in the supply chain.
In terms of volume and value global eCommerce sales in 2016 were estimated to be worth $1.86 trillion, and are projected to grow to $4.48 trillion by 2021. That is big business by any measure. Of this China and the US will combine for $1.584 trillion in eCommerce sales in 2017, representing 69.1% of global eCommerce revenue. In 2017, mobile commerce will account for more than 70% of eCommerce sales in both China and India, and 59.0% in South Korea. In Germany, the UK and US, mCommerce will comprise at least one-third of total retail eCommerce sales.
You can see the huge potential that online commerce brings. And I believe Omnitude will succeed. To learn more about the project, see the white paper attached below.
Omnitude development team:
A good project, of course, must have good people.
Founder & CEO
After 12-years’ of running a design and build web-agency in the eCommerce space, Chris is perfectly placed to help steer the industry of online transactions onto the Blockchain.
His ferocious appetite for improvement will ensure that Omnitude is relentlessly innovative and delivers its promise to revolutionise the way online retailers use the phenomenal power of the blockchain.
Vladimir obtained his Master in Computer Science sections “Aircraft Instruments and measuring and computing complexes” in 2003.Just 2 years down the line in 2005, he co-founded Simbirsk Technologies. In just 5 years, under Vladimir’s direct management, Simbirsk Technologies grew up from its 3 co-founders to a team of more than 100 specialists in areas like software development and testing, web development, system administration, cloud technologies, research and development and design and branding.
Founder & Advisor
As founder and CEO of cloud services company Wirehive, Robert and his team support some of the most inspiring and innovative tech companies the UK has to offer.
Selling and distributing tokens:
— — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —
Success comes from ideas, starting with enthusiastic people and flying high by the whole community
-Link Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1805177