Ordering Your Favourite book has never been easier. Online retailing has changed our buying habits. Now we buy at the click of the mouse or with a touch on the screen. The choices are abundant in the online marketplace which sometimes makes people confused. But, e-commerce has only boosted the morale of market and people in the development of a sustainable commercial ecosystem on the Internet. Amazon has recently opened world's first cashier-less shop which is a little ironic given the fact that it is among the leaders of the online retailing. Alibaba is another online retailer which is creating enough headwinds into the future of payment and automation to create a sustainable future for its company.
Introduction
The rise in e-commerce has created an upsurge in the number of different kinds of frauds and theft which results in loss of revenue. The most common types of fraud include Identity fraud, clean fraud, and account takeover and Re-Shipping. People from various countries employ various tactics to fraud the merchants and sellers. 31 billion dollar is the amount which is estimated to be lost by 2020 due to chargebacks, according to a report. The merchants and sellers are finding it tough to control the fraud in the wake of the development of technology which enables easy access to multiple tools to commit such crimes. The online industry needs serious solutions for these serious challenges.
Omnitude is stepping into the scalable industry of ecommerce with an aim to make the place more transparent, secure and profitable. Building a platform that is backed by Blockchain this one connects all the blockchain enable technologies, available ecommerce platforms and enterprise system for a seamless end-to-end experience for the user. Through this technology Omnitude is solving the problems that were otherwise not possible to overcome which includes frauds, better integration without glitches etc. With single identity throughout the market; Omnitude prevents frauds and thefts in the ecommerce industry.
Omnitude as a solution: As a solution Omnitude has a lot to offer. Making transparent transactions and data, omnitude has accountable manufacturing and supply chain which can be trusted by anyone. Trying to make the lives of the user seamless, Omnitude connects the blockchain enabled platforms which any user can use with one single id. It will integrate the existing systems that work on blockchain technology and evolve the capabilities of the system in eventuality. Moreover, Omnitude saves the ecommerce sectors from the frauds, thefts, and scammers. Even for the merchants and suppliers Omnitude gives a solution that helps in cost cutting by entirely eliminating the need of payment gateways. On the platform a user can pay through the cryptocurrency ECOM for any kind of product or service availed.
The process: Omnitude will bring this change in two phases viz, it will initially launch the Omnitude platform that will enable to connect various technologies which are backed by blockchain so the systems can take the advantage of the platform to be more efficient and quick. The second phase will be where the team of Omnitude will launch apps that will focus on specific use cases and solve niche problems. Furthermore, Omnitude will also support in other sources to develop their own apps on the open and decentralised platform. For executing this process, Omnitude is coming up with ECOM tokens that can be used for transactions on this platform. These tokens will also be a way for the people to be a part of the Omnitude world.
The ECOM tokens: Along with the platform, Omnitude will launch the tokens that can be utilised on the platform which will be called the ECOM tokens. The users on the platform like Merchants, Customers, or even suppliers will have to use these tokens in order to avail a certain service or do any kind of transaction on the platform. Along with ECOM tokens one can even participate on the platform through FIAT currency.
The use of funds and distribution: The funds that will be received through selling these tokens will be used for development of the Omnitude platform and its entire ecosystem. These funds will be also be aiding to incentivise the participants and users. Out of all the ECOM tokens 5 million i.e 5% of the tokens will be allocated for pre-sale investors. 50 million tokens will be kept reserved for Token Sale investors and remaining 12 million tokens which is 33% of the tokens will be reserved for the team and advisors. 5% of the funds received will be used for planning and development of the platform to be launched. The major chunk which is 60% will be used for the platform itself. Business development and marketing will have 10% and 20% reserved respectively. The legal will have 5% of the funds allocated to it.
Website : https://omnitude.tech/
My bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1130931;
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