[ANN] [TOKENSALE] Omnitude (eCommerce blockchain) - page 35.

rollingindividends

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Quote from: CJfromSA on April 07, 2018, 02:50:36 PM

What makes omnitude essential for the e-commerce world is that it enables the security and Efficiency of blockchain technology to be applied into any type of medium or any in system software that any company might already have what this does is that it contributes to the reduction of fees and costs that that company might bear and turns it into an issue of the past retailers face issues such as the cost of selling goods within the e-commerce industry to be 10 to 20% of a surcharge.

What customers are interested in from a blockchain perspective would be the enhanced security and overall Trust of the seller.

What this does is that it enables the entire block change network to gain confidence of the public so that they might wish to engage or transfer the data into that network and continue their purchases within a secure framework.

https://i0.wp.com/richtopia.com/wp-content/uploads/2017/01/blockchain-security.jpg?resize=638%2C378

CJfromSA

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Quote from: parkscaroline838 on April 07, 2018, 05:59:05 PM

these guys have a huge impact on the online retailing and courier industry ....one of the biggest problems these industries have is Returns . this happens because there is a misunderstanding on the customer's orders & preferences for example what Omnitude does is thy allows the customer's details to be transferred to these online retailers in an anonymous manner via the blockchain network.. preventing this return loss which is a negative interaction between supplier and customer. This could really revolutionise how online retail does sales.

It acts as an integration layer between platforms and will essentially reduce the amount of fraud and counterfeit products within the e-commerce industry. The counterfeit issue is an essential problem that needs to be handled.

Luxury fashion is one of the Industries that have the most amount of counterfeit goods being sold and this is very popular within the Chinese e-commerce industry where are online sales grew up to 40% in 2016.

loretta75

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Quote from: jordanbeatskobee on April 07, 2018, 05:52:08 PM

As per 1 study there have been up to 71% of all types of fraud or identity theft where credit cards were the number one element of weakness for buyers. With this information fraudsters are able to carry out transactions on behalf of the customer and steel there payment systems this causes a trust issue within the entire network upon the moment that the customers information is breached. Omnitude really eliminates this once trust is lost in a party as its middleware utilises all nodes to verify transactions.

Check the study out here: https://www.worldpay.com/global/insight/articles/2014-11/fragmentation-fraud-report

According to the United Nations from 2008 until 2000 and 10 almost 70% of all counterfeit goods that was seized by authorities were located from its source origin in China.

Omnitude will essentially be able to tackle this issue by preventing customers from being fooled into buying counterfeit goods by enabling the identity verification of both the buyer and the seller within a private or public blockchain network.

Kellygucci

jr. member

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I'm curious how they will play out their rewards based token system where users are incentivised to encourage other users to join their platform which the platform then gives the first user a bonus certain amount of tokens. Interesting to see if YouTubers and promoters will exploit this bonus system.

Whatever they decide to do, it's definitely better than just burning the tokens, They're utilising an already existing utility without having to spend additional capital to create another way to get around the platform. Nice seeing more and more icos doing this.

spottcoin

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Quote from: sinfazat22ron on April 07, 2018, 05:51:42 PM

Colleagues, where to register and what to do to buy tokens?

Here is the registration form: https://tokensale.omnitude.tech/register. Then follow the steps.

janethatesloganpaul

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Quote from: alyssa.gonzalez29 on April 07, 2018, 05:41:57 PM

Quote from: janethatesloganpaul on April 07, 2018, 01:45:54 PM

Let us all face that blockchain is really changing the way we make purchases and buy online. Once it has really been adopted on a mainstream level, business-to-business interactions will never be the same.

Because omnitude already has launched a proof-of-concept of its middleware platform provides the public a high level of confidence in investing in its ICO. This proof-of-concept does for things as per they're medium article listed on they're blog.

Firstly customers will be able to trial the omnitude system by registering on a trial e-commerce website.

Secondly the profile will create the customer and omnitude ID that will be registered to your identity for whichever e-commerce site that omnitude acts as it's middleware.

Thirdly the data between these different systems where omnitude access the middleware will be able to identify yourself and use it to make pretend purchases between the sites.

Finally the customers able to view an interface where it can show the entire platforms functionality as well as the code and any tasks that may be triggered during the smart contract replenishment period

At least that was outlined all on Medium through the Omnitude Blog.

graygelato

jr. member

Activity: 125

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At first, I thought omnitude was bitting off more than they can chew as they're trying to undergo many many projects at once. The problem with that is they might spread themselves too thin. However these guys are well ontop of their game, They're planning to use Hyperledger as the trasfer protocol. Knowing Hyperledger, it can really facilitate for bloody fast transactions, we're talking 100,000 transactions a second. I'm sure with their team, and experience they'll be able to tackle it.hopefully

Hakamoto

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Hello, I'm interested in the experience of your development team?
Can you please tell me how much is the hard cover?

mrbuffet101

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Quote from: parkscaroline838 on April 07, 2018, 05:59:05 PM

these guys have a huge impact on the online retailing and courier industry ....one of the biggest problems these industries have is Returns . this happens because there is a misunderstanding on the customer's orders & preferences for example what Omnitude does is thy allows the customer's details to be transferred to these online retailers in an anonymous manner via the blockchain network.. preventing this return loss which is a negative interaction between supplier and customer. This could really revolutionise how online retail does sales.

Well yeah the benefits of blockchain tech on ecommerce is huge. World Economic Forum sums it up quite nicely.

https://assets.weforum.org/editor/TIqJT3y6x3Osi24B2c3kD2jBU5MsuA1QFO2GQQTITRo.png

joeysaladzhere

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Quote from: norristiffany970 on April 07, 2018, 06:05:22 PM

Quote from: parkscaroline838 on April 07, 2018, 05:59:05 PM

these guys have a huge impact on the online retailing and courier industry ....one of the biggest problems these industries have is Returns . this happens because there is a misunderstanding on the customer's orders & preferences for example what Omnitude does is thy allows the customer's details to be transferred to these online retailers in an anonymous manner via the blockchain network.. preventing this return loss which is a negative interaction between supplier and customer. This could really revolutionise how online retail does sales.

Dont forget this data can also be used between retailers they can see their transaction history of that customer from other retailers I know this is anonymised but they can still use this as a form of a marketing tool to really understand each of their customers. Also offering price incentives to customers really closing the gap that marketers have been trying to fight for.

Here is a article explaining

Also whats important to remember they're not just stopping at small businesses they will also provide this data, stats etc to startups and founders who wish to build apps on their platform this will save them time, effort and money when it comes to knowing who they're selling to. Lets just stop and think just how big this really could be.

norristiffany970

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Quote from: parkscaroline838 on April 07, 2018, 05:59:05 PM

these guys have a huge impact on the online retailing and courier industry ....one of the biggest problems these industries have is Returns . this happens because there is a misunderstanding on the customer's orders & preferences for example what Omnitude does is thy allows the customer's details to be transferred to these online retailers in an anonymous manner via the blockchain network.. preventing this return loss which is a negative interaction between supplier and customer. This could really revolutionise how online retail does sales.

Dont forget this data can also be used between retailers they can see their transaction history of that customer from other retailers I know this is anonymised but they can still use this as a form of a marketing tool to really understand each of their customers. Also offering price incentives to customers really closing the gap that marketers have been trying to fight for.

Here is a article explaining

alyssa.gonzalez29

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Activity: 35

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Quote from: CJfromSA on April 07, 2018, 05:21:40 PM

cms connected has some interesting stats: E-commerce sales remained strong in 2015 as online sales totaled $341.7 billion for the year, a 14.6% increase over 2014's $298.3 billion, according to non-adjusted estimates released this morning by the U.S. Department of Commerce.

Interesting to say the least that the growth has been increasing at a rapid pace but with the introduction of blockchain tech, it could seriously promote growth like nothing else....

Hackers in an e-commerce setting steal customer data through middle man attacks which Omnitude's middleware shall seek to reduce. What this does is that it enables a customer to have confidence in the system and to spend their money with ease. This is key for the token to rise in value and for Omnitude to be successful in integrating into e-commerce platforms and with e-commerce businesses.

johncandice219

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Quote from: candicegordan381 on April 07, 2018, 05:27:58 PM

Omnitude has a token sale launching on April 25th and it will radically transform e-commerce Industries bye it's plug and play software which is built on the Linux Foundation hyperledger fabric that is able to be adapted into an entire spectrum of Enterprise platforms. Seeing as this date is not far off, a lot of the token sale has already commenced. Omnitude will bring forth its middleware based off very high-profile blockchain ledger tech and hopefully begin work as per its roadmap.

I think one of the largest benefits of using hyperledger fabric technology as developed by the Linux Foundation projects is that it is a blockchain framework that is intended to be used to develop a solution with different modules.

This allows on the tube to be adaptable into different e-commerce platforms that they are currently using. This ultimately enables deployment time into these same e-commerce platforms to be minimal.

This will cause on the tubes business to grow as more platforms will be seeking out of blockchain technology in a plug in play environment.

parkscaroline838

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these guys have a huge impact on the online retailing and courier industry ....one of the biggest problems these industries have is Returns . this happens because there is a misunderstanding on the customer's orders & preferences for example what Omnitude does is thy allows the customer's details to be transferred to these online retailers in an anonymous manner via the blockchain network.. preventing this return loss which is a negative interaction between supplier and customer. This could really revolutionise how online retail does sales.

jordanbeatskobee

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Quote from: joeysaladzhere on April 07, 2018, 01:07:23 PM

Here's some benefits of early adoption of blockchain.

Quote

Many businesses like the ease that comes from online payments, but the fees can really cut into profits. Services like PayPal and Shopify charge between 2.9 percent and 4.4 percent, depending on whether the transaction is within the U.S. or crosses national borders. This doesn’t include the many other fees you may face, such as chargebacks and monthly costs.

Some immediate benefits include the reduction of paypal and shopify fees. Those percentages will be smashed in a blockchain network. This is because the nodes verifying the transactions are essentially bypassing the centralised network that Paypal and Shopify have built. This really adds meaning to the word "disruptive" as Omnitude's CEO likes to describe it as...

Even from one of the CEO's own articles

Quote

Built upon complex cryptography, the blockchain effectively provides a permanent, incorruptible and irreversible record. This means, in theory, it leaves no room for fraud of any kind throughout the supply chain. This ability for blockchain technology to provide a full audit trail has made it attractive to multiple industries.

It really shows that the ability for the other nodes and parties along the blockchain to entirely audit every single member makes its appealing to the e-commerce industry.

Quote

On their journey through the supply chain, an item’s location can be recorded at key points by trusted ‘witnesses’ and tagged with unforgeable cryptographic identifiers which are then written immutably to the blockchain.

This is so key when determining the rights of each party in a "he said, she said" situation. Ultimately, it comes back to the idea that governance and enforeceability of contract are at the heart of teh benefits that blockchain has to offer.

As per 1 study there have been up to 71% of all types of fraud or identity theft where credit cards were the number one element of weakness for buyers. With this information fraudsters are able to carry out transactions on behalf of the customer and steel there payment systems this causes a trust issue within the entire network upon the moment that the customers information is breached. Omnitude really eliminates this once trust is lost in a party as its middleware utilises all nodes to verify transactions.

Check the study out here: https://www.worldpay.com/global/insight/articles/2014-11/fragmentation-fraud-report

sinfazat22ron

member

Activity: 364

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Colleagues, where to register and what to do to buy tokens?

alyssa.gonzalez29

newbie

Activity: 35

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Quote from: janethatesloganpaul on April 07, 2018, 01:45:54 PM

Let us all face that blockchain is really changing the way we make purchases and buy online. Once it has really been adopted on a mainstream level, business-to-business interactions will never be the same.

Because omnitude already has launched a proof-of-concept of its middleware platform provides the public a high level of confidence in investing in its ICO. This proof-of-concept does for things as per they're medium article listed on they're blog.

Proof of concept from Medium

Quote

We understand that the Omnitude vision is a very big concept, so our aim is to give participants in the Omnitude token sale a small taster of what the initial implementation of this vision could look like. This Proof of Concept tackles two of our Whitepaper cases…. Single Sign On and System Integration.

Giving a trial run is important because it gives people the chance to give feedback on the system.

candicegordan381

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Omnitude has a token sale launching on April 25th and it will radically transform e-commerce Industries bye it's plug and play software which is built on the Linux Foundation hyperledger fabric that is able to be adapted into an entire spectrum of Enterprise platforms. Seeing as this date is not far off, a lot of the token sale has already commenced. Omnitude will bring forth its middleware based off very high-profile blockchain ledger tech and hopefully begin work as per its roadmap.

CJfromSA

newbie

Activity: 45

Merit: 0

cms connected has some interesting stats: E-commerce sales remained strong in 2015 as online sales totaled $341.7 billion for the year, a 14.6% increase over 2014's $298.3 billion, according to non-adjusted estimates released this morning by the U.S. Department of Commerce.

Interesting to say the least that the growth has been increasing at a rapid pace but with the introduction of blockchain tech, it could seriously promote growth like nothing else....

CJfromSA

newbie

Activity: 45

Merit: 0

What makes omnitude essential for the e-commerce world is that it enables the security and Efficiency of blockchain technology to be applied into any type of medium or any in system software that any company might already have what this does is that it contributes to the reduction of fees and costs that that company might bear and turns it into an issue of the past retailers face issues such as the cost of selling goods within the e-commerce industry to be 10 to 20% of a surcharge.

Topic: [ANN] [TOKENSALE] Omnitude (eCommerce blockchain) - page 35. (Read 6790 times)