OMNITUDE'S SOLUTION TO THE CHALLENGES LIMITING E-COMMERCE AND SUPPL...

As time goes by we keep seeing different utilization of blockchain technology, from Healthcare systems, Gaming, Finance, Engineering now to E-commerce and Supply chains.
The truth is that blockchain technology has succeeded in bringing a transformative change to the world at large, in every platform its implemented, it solves related issues at the same time maintaining its unique features such as decentralization and efficient real-time transactions made possible with smart contracts.
As such, in order to solve issues limiting enterprises and organizations in areas of e-commerce and supply chains led to the development of a platform unique in all ramifications, it's no other platform than OMNITUDE.
Omnitude can be seen as a toolkit which businesses can implement or integrate into their platform easily and efficiently, thus enhancing their capabilities. Omnitude is a blockchain-based platform which when integrated into existing businesses opens up new benefits without the need to disrupt the current system.
With Omnitude, an end-to-end supply chain is ensured, which is achieved by connecting blockchain technologies, e-commerce platforms and enterprises.
Blockchain technology is very vital to Omnitude's platform as it ensures an open and transparent ecosystem where any developer can easily develop Omnitude applications so as to integrate with existing solutions in enterprise systems, supply chains and e-commerce platforms.
Omnitude aims to achieve its aim through the following Phases;

By launching its platform, platforms and technologies will be connected thus making it possible for them to benefit from blockchain technology easily, quickly and efficiently.
This second phase will ensure seamless correlation between Omnitude and the community, thus making it possible for the development of Omnitude applications so as to solve related issues.

THE PROBLEMS AND ACCOMPANYING SOLUTIONS OFFERED BY OMNITUDE

E-COMMERCE
Problems: E-commerce is faced with challenges such as;
a. Clean fraud,
b. Account takeover,
c. Re-shipping,
d. Identity fraud.
A study has shown that in 2006, fraudsters steal at least 5.65cents of every $100 spent through E-commerce.
Solution: Omnitude solves these challenges with the aid of blockchain technology. With Omnitude's Single Reputation and Single Identity, identity theft is reduced, while chargeback fraud is minimized by reducing the use of credit cards. Also, Merchant fraud is reduced by utilizing staged release of payment depending on stage delivery.
SUPPLY CHAINS
Problems: The supply chains are faced with;
a. Counterfeit/Pirated Goods: Study has shown that as of last year, about 5% of goods imported into EU were counterfeit/pirated products.
b. Customers Delivery: Customers awaiting deliveries of their goods has no real-time knowledge of their goods. They either did not receive dispatch and delivery date notification or did not receive a delivery confirmation.
Solution: For Pirated Goods: Omnitude solves these challenges by providing a record of associated Manufacturer's origin and provenance. This will ensure the easy Identification of genuine goods as well as pirated goods.
For Customers Delivery: With blockchain technology, Logistics Companies will be able to create an open and transparent delivery process. This will ensure security and integrity of the goods from the company to the customer's doorstep.
IDENTITY CONFIRMATION
Problem: Study has shown that most online reviews can be misleading. They are either posted by merchants to boost their businesses or by competitors to damage the business involved.
Solution: Omnitude solves this by implementing Single Identity which will reduce efforts made by Merchants to manipulate businesses, thus providing a simpler and quicker user experience for customers.
Omnitude's Proof-of-Interaction (POI) will ensure that a reviewer has a verified history of interaction with the merchant he/she is reviewing.
COST OF DOING BUSINESS
Problem: The integration of WMS, ERP and CMS is not only expensive but time-consuming as it takes months.
Solution: Omnitude offers a blockchain-based technology which makes integration of these systems fast and easy as well as cost-efficient.

OMNITUDE TOKEN

Omnitude token ECOM is an ERC20 utility token with the total supply of 100,000,000. ECOM is built on Hyperledger owing to its stability, scalability and trust. With Hyperledger, Omnitude will process transactions faster than most blockchains and current payment systems such as Visa and PayPal.
ECOM is used for settlement between parties or as an incentive within the ecosystem.

INFORMATION ON INITIAL COIN OFFERING

CONCLUSION

Omnitude aims to create a decentralized platform where it will be possible to integrate blockchain technology, e-commerce platforms and enterprise systems.
With Omnitude technology, varieties of applications will be created.

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