[ANN] [TOKENSALE] Omnitude (eCommerce blockchain)

[omnitude]

Hi! Is there any information on how much the Omnitude  has collected Ethereum after the start of token sale?

Its all in our token sale Dashboard.

[omnitude]

Press release of our main  token sale -

Omnitude launches main token sale

eCommerce blockchain technology provider aims to raise $20.7 million to bring its vision to fruition

London, UK - 28th March 2018: Omnitude, a pioneering project to revolutionise connectivity between blockchain technologies and enterprise eCommerce systems announces that its main token sale is now live. This follows a successful pre-sale, which raised 17% of the total amount over a period of 2 weeks.The target was met prior to the close of the pre-sale and in challenging market conditions, showing real appetite for involvement in the project.

The business acts as middleware - a smart integration layer that that allows eCommerce providers to adopt blockchain on a 'plug and play' basis, without needing to replace existing systems. This will help to drive mass adoption of blockchain technology, making it quicker, easier, and cheaper to integrate for businesses of all sizes. In bridging the gap between blockchain theory and practice, Omnitude aims to provide quicker, safer and more cost-effective ways to solve a variety of pertinent problems for online retailers, including fraud, supply chain inefficiency, and identity theft, as well as reducing item returns and improving data security. 

Participating in the sale brings an opportunity to become part of the Omnitude community as well as realise the potential rewards in grass-roots involvement in this project. The proceeds of the sale will be used to fund the development of the platform. The Omnitude team will build its own applications, but also support a community of Open Source developers to imagine, build and deploy their own through an open ecosystem.

The sale offers protection against market volatility by spreading token ownership across participants - with a cap of £50k per person, per day. The transparent and secure model relies on a pen-tested investment platform with a proven ICO security track record and uses individual wallets per participant rather than one smart contract address. 

The experienced leadership team has over 70 years of collective experience across the enterprise, technology and eCommerce sectors, and has recently hired Vladimir Kalynyak, founder of successful eCommerce platform CS-Cart to drive product development. Martin Brougham, a leading innovator in international supply chain has now been announced as COO, Americas.
The core team is supported by a well-respected Advisory board, including leading blockchain authority, Sally Eaves as well as retail innovation expert, Antony Welfare, and Michael Donald, who brings a wealth of experience in the payments sector.

Omnitude has several enterprise customers and partners supporting the proof of concept development, including CS-Cart, one of the world's leading multi-vendor eCommerce platforms, which is sold in more than 160 countries and powers more than 35 000 online stores worldwide. The proof of concept with Swisscom goes live today - key features include a single sign-on (SSO) Omnitude online profile, that can be used across Omnitude-based eCommerce websites and a stock dataflow system, which provides the capability to track real-time stock levels and automate replenishment across eCommerce websites via a live smart contract.

Chris Painter, founder and CEO of Omnitude says: "Omnitude is a radical concept in blockchain. The vision for Omnitude is much bigger than one single application.  Not only do we add value through our easy to implement eCommerce middleware solutions, but we are pushing the mainstream adoption of blockchain technology by building an ecosystem. We will share our code, learnings and resources to help kick-start other blockchain start-ups and app development projects, and we think this is an exciting space for developers too. This token sale is an opportunity to join us on an exciting journey, and be part of something big."
To participate in the token sale, go to http://bit.ly/2EjmqVi

[gabrielehuang]

this is good, we can try for the pool here

[bren.whit]

I hope to join with this

[quality89]

, I joined crypto in October, made some investments, watched them go up 10x then down 12x. Should have took profits but at least I've learnt my lesson now

[omnitude]

this is good, we can try for the pool here

The more the merrier

I hope to join with this

Nothing stoping you

Hey! The project looks rather promising. I studied the project documents and I liked the idea. I hope that this ICO will be successful. Wish you good luck for the project and DEV.

thanks

[geronimo77]

Ethereum can running at about 15 transactions per second. But Omnitude using Hyperledger, can running 3500 transactions per second. This is very great and it will change the order as well as the blockchain world.

The next gen of blockchain tech is coming in now” Chris Painter, Omnitude founder and CEO at the UK’s told @cbronline
https://www.cbronline.com/feature/silicon-valley-favourite-broke-funding-records

[omnitude]

Ethereum can running at about 15 transactions per second. But Omnitude using Hyperledger, can running 3500 transactions per second. This is very great and it will change the order as well as the blockchain world.

The next gen of blockchain tech is coming in now” Chris Painter, Omnitude founder and CEO at the UK’s told @cbronline
https://www.cbronline.com/feature/silicon-valley-favourite-broke-funding-records

we are looking to upscale this to 100k per second.

[Mith19]

Ethereum can running at about 15 transactions per second. But Omnitude using Hyperledger, can running 3500 transactions per second. This is very great and it will change the order as well as the blockchain world.

The next gen of blockchain tech is coming in now” Chris Painter, Omnitude founder and CEO at the UK’s told @cbronline
https://www.cbronline.com/feature/silicon-valley-favourite-broke-funding-records

we are looking to upscale this to 100k per second.

Good that I've already have invested! :-)
Keep the nice work going!!

[omnitude]

Ethereum can running at about 15 transactions per second. But Omnitude using Hyperledger, can running 3500 transactions per second. This is very great and it will change the order as well as the blockchain world.

The next gen of blockchain tech is coming in now” Chris Painter, Omnitude founder and CEO at the UK’s told @cbronline
https://www.cbronline.com/feature/silicon-valley-favourite-broke-funding-records

we are looking to upscale this to 100k per second.

Good that I've already have invested! :-)
Keep the nice work going!!

Thank you for contributing.

[HenryRoo]

Cool project, but I do not understand much. Will there be a translation into Russian? Are there bonuses in tokens depending on the amount of funds invested?

[Buchi-88]

Press release of our main  token sale -

Omnitude launches main token sale

eCommerce blockchain technology provider aims to raise $20.7 million to bring its vision to fruition

London, UK - 28th March 2018: Omnitude, a pioneering project to revolutionise connectivity between blockchain technologies and enterprise eCommerce systems announces that its main token sale is now live. This follows a successful pre-sale, which raised 17% of the total amount over a period of 2 weeks.The target was met prior to the close of the pre-sale and in challenging market conditions, showing real appetite for involvement in the project.

The business acts as middleware - a smart integration layer that that allows eCommerce providers to adopt blockchain on a 'plug and play' basis, without needing to replace existing systems. This will help to drive mass adoption of blockchain technology, making it quicker, easier, and cheaper to integrate for businesses of all sizes. In bridging the gap between blockchain theory and practice, Omnitude aims to provide quicker, safer and more cost-effective ways to solve a variety of pertinent problems for online retailers, including fraud, supply chain inefficiency, and identity theft, as well as reducing item returns and improving data security. 

Participating in the sale brings an opportunity to become part of the Omnitude community as well as realise the potential rewards in grass-roots involvement in this project. The proceeds of the sale will be used to fund the development of the platform. The Omnitude team will build its own applications, but also support a community of Open Source developers to imagine, build and deploy their own through an open ecosystem.

The sale offers protection against market volatility by spreading token ownership across participants - with a cap of £50k per person, per day. The transparent and secure model relies on a pen-tested investment platform with a proven ICO security track record and uses individual wallets per participant rather than one smart contract address. 

The experienced leadership team has over 70 years of collective experience across the enterprise, technology and eCommerce sectors, and has recently hired Vladimir Kalynyak, founder of successful eCommerce platform CS-Cart to drive product development. Martin Brougham, a leading innovator in international supply chain has now been announced as COO, Americas.
The core team is supported by a well-respected Advisory board, including leading blockchain authority, Sally Eaves as well as retail innovation expert, Antony Welfare, and Michael Donald, who brings a wealth of experience in the payments sector.

Omnitude has several enterprise customers and partners supporting the proof of concept development, including CS-Cart, one of the world's leading multi-vendor eCommerce platforms, which is sold in more than 160 countries and powers more than 35 000 online stores worldwide. The proof of concept with Swisscom goes live today - key features include a single sign-on (SSO) Omnitude online profile, that can be used across Omnitude-based eCommerce websites and a stock dataflow system, which provides the capability to track real-time stock levels and automate replenishment across eCommerce websites via a live smart contract.

Chris Painter, founder and CEO of Omnitude says: "Omnitude is a radical concept in blockchain. The vision for Omnitude is much bigger than one single application.  Not only do we add value through our easy to implement eCommerce middleware solutions, but we are pushing the mainstream adoption of blockchain technology by building an ecosystem. We will share our code, learnings and resources to help kick-start other blockchain start-ups and app development projects, and we think this is an exciting space for developers too. This token sale is an opportunity to join us on an exciting journey, and be part of something big."
To participate in the token sale, go to http://bit.ly/2EjmqVi

Translate in German thread

[loretta75]

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 

[rollingindividends]

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 

Hmm...yeah it does give confidence to investors knowing that their token holdings will be backed by a company based around providing security to e-commerce.
 
Here is some info from the US Government's census outlining the continual rise of e-commerce sales:

The Census Bureau of the Department of Commerce announced today that the estimate of U.S. retail e-commerce sales for
the fourth quarter of 2017, adjusted for seasonal variation, but not for price changes, was $119.0 billion, an increase of
3.2 percent (±1.1%) from the third quarter of 2017. Total retail sales for the fourth quarter of 2017 were estimated at
$1,304.3 billion, an increase of 2.7 percent (±0.4%) from the third quarter of 2017. The fourth quarter 2017 e-commerce
estimate increased 16.9 percent (±1.1%) from the fourth quarter of 2016 while total retail sales increased 5.7 percent
(±0.4%) in the same period. E-commerce sales in the fourth quarter of 2017 accounted for 9.1 percent of total sales.

Here is some info from an official UK Government body:

In August 2016, the quantity bought (volume) of retail sales is estimated to have increased by 6.2% compared with August 2015; all store types except textile, clothing and footwear, and household goods showed growth with the main contribution coming from food stores.

E-commerce sales account for just 8% of total retail sales in the US and 14% in the UK. That means the growth potential for Omnitude is gigantic! It has a lot of market use cases and still lots of room for growth!

The downside is that it needs to outrun its competition...but that is something that looks promising anways

[Nicolerxj]

I think this is helping people be introduced into cryptos through something they are already familiar with, which is huge for the community. Typically when I talk to non-crypto people, they usually ask what do I use it for and have a hard time understanding it. However, when given use case examples, they get it. It's kind of like asking people to explain how the internet works. Most people don't know how it works but they know what they do on the internet.

[mrbuffet101]

I think this is helping people be introduced into cryptos through something they are already familiar with, which is huge for the community. Typically when I talk to non-crypto people, they usually ask what do I use it for and have a hard time understanding it. However, when given use case examples, they get it. It's kind of like asking people to explain how the internet works. Most people don't know how it works but they know what they do on the internet.

You're right, it makes it much more simple to communicate when someone can actually understand the benefits of a particular company's ICO. I think team experience is largely a significant factor when evaluating an ICO.

I look for (1) team (2) transparency (3) trust


https://cryptopotato.com/10-keys-evaluating-initial-coin-offering-ico-investments/

Find out everything you can about the team, especially the development team and the advisory board. Look up each team member for relevant experience. Google their names. Visit their LinkedIn profiles. Look for famous  names among the advisory board of the project. Find out if the team has any crypto experience and more importantly – in which projects, or ICOs, they were involved with and the impact they had.

Here at least the team is solid as per the founder's info from their website:

After 12-years’ of running a design and build web-agency in the eCommerce space, Chris is perfectly placed to help steer the industry of online transactions onto the Blockchain.His ferocious appetite for improvement will ensure that Omnitude is relentlessly innovative and delivers its promise to revolutionise the way online retailers use the phenomenal power of the blockchain.

That means the team has industry experience in eCommerce not just in the tech behind it. It gets my tick of approval.

[omnitude]

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 

Hmm...yeah it does give confidence to investors knowing that their token holdings will be backed by a company based around providing security to e-commerce.
 
Here is some info from the US Government's census outlining the continual rise of e-commerce sales:

The Census Bureau of the Department of Commerce announced today that the estimate of U.S. retail e-commerce sales for
the fourth quarter of 2017, adjusted for seasonal variation, but not for price changes, was $119.0 billion, an increase of
3.2 percent (±1.1%) from the third quarter of 2017. Total retail sales for the fourth quarter of 2017 were estimated at
$1,304.3 billion, an increase of 2.7 percent (±0.4%) from the third quarter of 2017. The fourth quarter 2017 e-commerce
estimate increased 16.9 percent (±1.1%) from the fourth quarter of 2016 while total retail sales increased 5.7 percent
(±0.4%) in the same period. E-commerce sales in the fourth quarter of 2017 accounted for 9.1 percent of total sales.

Here is some info from an official UK Government body:

In August 2016, the quantity bought (volume) of retail sales is estimated to have increased by 6.2% compared with August 2015; all store types except textile, clothing and footwear, and household goods showed growth with the main contribution coming from food stores.

E-commerce sales account for just 8% of total retail sales in the US and 14% in the UK. That means the growth potential for Omnitude is gigantic! It has a lot of market use cases and still lots of room for growth!

The downside is that it needs to outrun its competition...but that is something that looks promising anways

first to market, we're being very ambitious

I think this is helping people be introduced into cryptos through something they are already familiar with, which is huge for the community. Typically when I talk to non-crypto people, they usually ask what do I use it for and have a hard time understanding it. However, when given use case examples, they get it. It's kind of like asking people to explain how the internet works. Most people don't know how it works but they know what they do on the internet.

You're right, it makes it much more simple to communicate when someone can actually understand the benefits of a particular company's ICO. I think team experience is largely a significant factor when evaluating an ICO.

I look for (1) team (2) transparency (3) trust


https://cryptopotato.com/10-keys-evaluating-initial-coin-offering-ico-investments/

Find out everything you can about the team, especially the development team and the advisory board. Look up each team member for relevant experience. Google their names. Visit their LinkedIn profiles. Look for famous  names among the advisory board of the project. Find out if the team has any crypto experience and more importantly – in which projects, or ICOs, they were involved with and the impact they had.

Here at least the team is solid as per the founder's info from their website:

After 12-years’ of running a design and build web-agency in the eCommerce space, Chris is perfectly placed to help steer the industry of online transactions onto the Blockchain.His ferocious appetite for improvement will ensure that Omnitude is relentlessly innovative and delivers its promise to revolutionise the way online retailers use the phenomenal power of the blockchain.

That means the team has industry experience in eCommerce not just in the tech behind it. It gets my tick of approval.

thanks

[Kellygucci]

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.

[alyssa.gonzalez29]

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?

[omnitude]

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.