Omnitude's middleware is extensive in that it has multiple use cases. This gives investors like us confidence in its system and its value as a token. Ultimately, we are looking for tokens that appreciate extensively and are backed by strong business concepts and minds. The "Hyperledger Fabric" is their design and it makes it unique in acting as a bridge between multiple platforms and devices. The "Hyperledger Fabric" is the key to security as ledgers are impossible to be altered on the blockchain as we all know... This gives me confidence
I lurk more than I post...
However, I see that the b2b ICO's are coming into dominate the market. It would be excellent to see a collaboration with Civic for a type of a verification system to ensure that security is maintained throughout the blockchain in addition to the hyperledger fabric. I think that would be a very good idea for a collaborative environment.
Deployment of the platform is a strong indicator of how well teh company will function in reality and not just in the ether of the internet. If Omnitude can reduce implementation time and plug their middleware into existing eCommerce sites and platforms such as ERP software, tehn supply chains will see the benefits roll in. Investors of the token on the other hand will see the token value rise. It is a win-win outcome.
This all hinges on how efficiently it is rolled out. Seems very promising in that sense.
From their FAQ:
Payment gateway providers typically charge 2.9% to use their services. Omnitude provides an alternative lower cost cryptocurrency based payment mechanism.
That would be a nominal price to adopt.
That's our plan, currently integrations take a long time and cost a fortune, we aim to reduce both time and cost.
dApps are important to the blockchain world and even more so to the eCommerce world. Upon successful implementation of its 'middleware' software, Omnitude will play a significant role in standardising blockchain across eCommerce platfroms that already exist. This is a step in the right direction in blockchain-enabling the shopping world. Both businesses and individuals can benefit from the verification systems and smart contract systems that will exist across blockchain networks whether they be public (for customers) or private (for business-to-business networks).
However, there is one issue I would like to raise. How would private networks maintain accountability and authority over contract enforcement?
Though they are legally enforceable, identity is significant to have a court rule in favour or even to hear the case if a party wishes to not pay....
Any comments admin?
The network would be maintained by the foundation, the ecosystem isn't a pay or not pay type of system.