Omnitude: Connecting eCommerce to Blockchain technology

All around the world, trading had taken different formats. While many prefer the traditional trading, others seek for a better platform. Technological advancements birthed which in turn plays host to varieties of platforms.

Many individuals have resorted to buying products online and this has boomed the ecommerce industry. As it is today, ecommerce platforms are contributing significant chunk of revenue to the global economy.

As such, online trading platforms and ecommerce channels have been greatly utilized by a vast majority of the world populace as it provides a supposed convenient shopping. We now have many ecommerce platforms around us such as Amazon and EBay. These platforms are no doubt, popular to many and their services are unrivaled.

Ecommerce Challenges
Though thriving and having potentialities, the ecommerce industry is bedeviled by some challenges that have greatly limited its operations and scope. There have been records of fraud in the system, ranging from identity theft to diverted deliveries.
To posit the huge potentials an ecommerce industry has to offer, a research was carried out by eMarketer. The report showed that in 2016, the market value and volume of ecommerce sales amounted to about $1.86 trillion and is expected to clock an estimated $4.48 trillion by the year 2021. It can now be deduced that ecommerce plays a great role in the world economy.

Despite its seemingly “huge” potentials and positive prospects, the ecommerce had been facing challenges bothering on massive fraud and in most cases, credit card hacking leading to a loophole in its transparency and security.

Online payment frauds are continuously growing and this poses a great challenge to ecommerce merchants. Highlights of a released study from 1WorldSync states that about 45% of merchants and suppliers have lost over $1 million worth of revenue and this came about in the course of their integrating cross-channel capabilities to their commerce strategies.

There seems a light at the end of the tunnel as Omnitude is set to take the centre change and offer a whole new approach to the ecommerce platform.

Omnitude rightly captured ecommerce challenges with this statement “as this market grows so does the potential for fraud and the imperative for transparency for everyone”. It is now obvious that the ecommerce industry is in great danger and needs an urgent reform.

Other challenges are:
• Wrong deliveries
• Counterfeit/pirated goods
• Ecommerce fraud
• Account takeover
• Identity fraud

Introducing the Omnitude Platform
Omnitude is a middleware blockchain layer that aims at using the blockchain technology to solve the challenges rocking the eCommerce industry. Its vision is to have the blockchain technology integrated into businesses and ecommerce platforms. The idea is to help these platforms have a seamless utilization of the blockchain technology in boosting their efficiency and transparency.

To achieve this vision, Omnitude is partnering with progressive organizations who wish to have leverage in the benefits that the platform they have has to offer. Omnitude is a blockchain smart platform that seeks to connect the blockchain technology with relevant ecommerce platforms and enterprise systems that are involved in the development of end-to-end supply chains. The outcome is the decentralization of the online retail marketplace making it more transparent, secure and profitable.

How will Omnitude Function?
Omnitude will function as a middleware that will connect the blockchain technology to ecommerce platforms/enterprise systems. By this, Omnitude will enable the smooth integration of the blockchain technology into existing systems with the aim of transforming their capabilities.

To achieve this purpose, Omnitude will deploy two phases:
• First Phase: The Omnitude platform will be launched here and this will enable connectivity between numerous technologies and platforms. This will allow them take quick and efficient advantage of the blockchain technology.
• Second Phase: In the second phase, both the blockchain community and the Omnitude team will develop applications that will solve specific cases.

Benefits of the Omnitude Platform
Omnitude will enable the development of varieties of applications. In addition, Omnitude will render support to the community in the development of their apps through example code and open documentation.

It will also offer a transparent platform that will empower users to design and develop Omnitude applications that will integrate with existing solutions in ecommerce, supply chain and enterprise systems. It also targets the blockchain technology as a revolutionary tool for supply chain and ecommerce.

Token & Tokensale Details
Omnitude token ticker is ECOM, ECOM is a utility token that was launched alongside the Omnitude platform and ecosystem. ECOM will serve many purposes in the Omnitude ecosystem:
• It will be the primary means of exchange on the Omnitude platform. Parties on the ecosystem can use it for onward access to the Omnitude system and resources.
• The ECOM token will also be utilized in fund raising for development of the Omnitude project.
• Participants who merits a reward will get the ECOM token as an incentive.
Token: ECOM
Platform: Hyperledger
**ICO Price: 1 ECOM = $0.46
Accepting: ETH, BTC, WIRE
Soft cap: $10,000,000
Hard cap: $15,700,000
Whitelist/KYC: YES

TEAM

You can find out the full team details and also view the full list if the Team, Advisors and developers here: https://omnitude.tech/team.html