Advancement in technology has led to the big boom in E-commerce however this sector has been faced with several challenges like Freud (chargeback fraud, account takeover, identity fraud, re-shipping fraud and clean fraud), supply chain challenges (counterfeit/ pirated goods), identity challenges (phony and damaging reviews) and business cost challenges. But a team with so much experience in e-commerce came up with a project (OMNITUDE) that would help solve e-commerce challenges.
Omnitude is a pioneering project built on top hyperledger (permissioned blockchain protocol which enables business-to-consumer and business-to-business transactions hosted by The Linux Foundation) which connects systems (blockchain technologies, e-commerce platforms, and enterprise) together to build an end-to-end supply chain. The aim of Omnitude team is to make e-commerce activities more secured, transparent and more profitable through the use of blockchain Technology initiative.
- A proof-of-interaction initiative by omnitude team would help solve phony and bad review from product competitors. Because anyone giving reviews most have a verifiable history of interaction with the merchant they are reviewing.
- Single Reputation initiative by omnitude team would help build trust between merchants, customers, and suppliers. Because their transactions and reputation are known by the blockchain.
- Cryptocurrency-based payment system (low transaction fee).
- Reduction in E-Commerce fraud.
- Giving customers stage to stage information of goods requested for up to delivery.
- Giving it users easy access via it mobile App.
OMNITUDE ECOSYSTEM AT A GLANCE
The OMNITUDE platform layer would make use of its token called ECOM. And it will be launched the same time with OMNITUDE platform. Merchants, customers, and suppliers will require ECOM to participate in the Omnitude ecosystem.
Total token distribution: 100,000,000ECOM
Private pre-sale cost: $0.40USD/ECOM
Private pre-sale cap: 10,000,000ECOM (4 Million USD)
Token Sale cost: $0.46USD/ECOM
Token Sale hard cap: 45 Million ECOM ($20.7USD)
KYC Token sale Pre-registration Fee: $50USD per person
Accepted Payment Means: BTC, ETH, USD
Token Sale Period: March 28 –April 25th
Tokens for Pre-Sale investors: 5 million ECOM
Tokens for Token Sale investors: 50 million ECOM
Tokens for core team and advisors: 12 million ECOM
Team and advisor tokens are vested based on time with 20% being released each year for 5 years.
RESEARCH & DEVELOPMENT 5%
BUSINESS DEVELOPMENT 10%
I strongly recommend this platform for everyone as regarding e-commerce related activities because of it genuine and transparent mode of operations.
For more information click the link below;
Bitcointalk ANN Thread : https://bitcointalk.org/index.php?topic=2683959.0
Whitepaper : https://files.acrobat.com/a/preview/75fe0af9-d98b-4002-863c-138b43a131ef
Bitcointalk Profile Link:https://bitcointalk.org/index.php?action=profile;u=1910183