[ANN] [TOKENSALE] Omnitude (eCommerce blockchain)

[h3h3lovesmee]

It's very useful that their system is all on the blockchain.

This type of tech can also be used by retailers, these retailers can see their transaction history of their customers from other retailers.
Sure it's anonymised but it's still a form of marketing, allowing companies to understand each of their customers. Saving startups and existing retailers a painstaking amount of money and time. On you Omni!

[jordanbeatskobee]

It's very useful that their system is all on the blockchain.

This type of tech can also be used by retailers, these retailers can see their transaction history of their customers from other retailers.
Sure it's anonymised but it's still a form of marketing, allowing companies to understand each of their customers. Saving startups and existing retailers a painstaking amount of money and time. On you Omni!

Keep in mind, they're not just keeping to small companies.
They will also provide this form of marketing to users who wish to develop apps on their platform. Like you mentioned save them a painstaking amount of money resources and time when it comes to knowing who you're selling to. That is actually a really genuine idea..

[joeysaladzhere]

Omnitude wants to a have a business model that is more inclusive of other platforms and other companies with similar ideas and projects.

Inclusive rather than restrictive…
Also, this means that they don't wish to monopolize the market.
Instead, they want their competitors to also use their platform.
Always a plus in my books

[wlouisedonemuse]

What I think is neat is their rewards based system.
Where users are incentivised to encourage other users to join their platform.
The platform then gives them a bonus amount of tokens for adding another user.
I wonder how it will work when Youtubers for eg, try and add a large number of their viewers to the platform, can people exploit this?

[graygelato]

They have decided to use their tokens on the platform...Instead of burning the tokens after the ICO . They've done this in many ways one of the ways.
One of them is it appreciate as transactions continue.. driving up the price as supply decreases and demand rises,
but also the tokens have the ability to store information of them, allowing them to be more than just holding monetary value.

[Kellygucci]

What I think is neat is their rewards based system.
Where users are incentivised to encourage other users to join their platform.
The platform then gives them a bonus amount of tokens for adding another user.
I wonder how it will work when Youtubers for eg, try and add a large number of their viewers to the platform, can people exploit this?

This type of fraud has definitely graduated to the adult table because it takes some actual skill to pull it off. Basically, clean fraud is the ultimate doppelgänger because it looks like a legitimate transaction with good shipping, billing, and IP addresses as well as complete and verified card data. It’s not driven by good customers suddenly gone bad, but by thieves with stolen consumer data that’s complete enough not to raise flags.

The worst part is that the transaction looks like it is a true and valid one but in reality, it is a false and an impersonator. It is true, this is the sad reality of online credit card fraud where there is no middleman between the buyer and seller.

Omnitude's plug and play solution puts an end to all of this with its trust network on the blockchain.

[CJfromSA]

https://www.printful.com/blog/wp-content/uploads/2016/09/how-clean-fraud-works.jpg

[candicegordan381]

45% of online merchants and suppliers report losses greater than $1 million in revenue due to challenges faced when integrating cross-channel capabilities into their commerce strategy

This has to stop. This number is huge and the one reason that people have always been sceptical of the eCommerce industry was the risk of fraud. Now we know that big companies like PayPal, though they provide security, do it at a high cost. You either get to pick security, or low fees. Not both... until now.

Omnitude's system grants OID verification through the blockchain where multiple nodes are verifying transactions and identities.

[pritchathenexttrader]

Blockchain has certain problems for today (I will not list them). Which of them does Omnitude solve?

If the question is what beneficial attributes can Omnitude can bring to the blockchain table. I would say, the answer would most likely be, how they're aiming to tackle fraud...They do this by giving each of their customers an identity, intended to create a safer way of processing transactions on all of their connected sites. This transparency is also used for retailers and their customers (manufacturing origin to be in real time order tracking).

They also have a protocol for proof of interactions. Allowing anyone to look at any past transaction of users, seeing when previous transactions have been made between the two parties. Essentially allowing users to identify whether or not one party is a reliable client or not.
Just like when you're making a purchase online, with eBay or Gumtree. If you are uncertain about the seller, you view their past selling history to validate your decision. These types of transaction validation methods have been proven to work, I think that's why Omnitude has chosen them for their service.

I've noticed that a lot of other ico are trying to take down similar problems. However they do so in the most complicated ways, with the elaborate confusing plans, I think sticking to simple methods that have worked before, will mostly work in the future. That's actually one of the genuine traits I like about Omnitude, unlike other icos They don't try and win over investors with strange (too good to be true) ideas, because of their extensive experience in the eCommerce industry, they know what works and what doesn't in the long run.

[loretta75]

The current crypto market is bearish and the only question you can find in every post is when the market will settle. Billions of dollars have been lost since the start of this year. My question is how this bearish trend will effect omnitude and should we wait and invest later when crypto market will settle ?

[rollingindividends]

The current crypto market is bearish and the only question you can find in every post is when the market will settle. Billions of dollars have been lost since the start of this year. My question is how this bearish trend will effect omnitude and should we wait and invest later when crypto market will settle ?

That's a very good point. ICO's like omnitude are a separate application that are running over the blockchain technology and they are independent of cryptocurrency market trend. So rise and fall of cryptocurrency market won't have any effect on omnitude platform. If you are looking to invest in omnitude, this is the right time as tokens are available at much cheaper price during ICO.

[mrbuffet101]

The current crypto market is bearish and the only question you can find in every post is when the market will settle. Billions of dollars have been lost since the start of this year. My question is how this bearish trend will effect omnitude and should we wait and invest later when crypto market will settle ?

That's a very good point. ICO's like omnitude are a separate application that are running over the blockchain technology and they are independent of cryptocurrency market trend. So rise and fall of cryptocurrency market won't have any effect on omnitude platform. If you are looking to invest in omnitude, this is the right time as tokens are available at much cheaper price during ICO.

Try not to make cryptocurrencies too Central, the important part is emerging technology (i.e blockchain) that can provide verification for anything of value, for items, things and so forth. For instance, see http://backfeed.cc/.
Omnitude platform will harness the power of blockchain technology to develop trust and security in the eCommerce industry and this will be the biggest reason for its success.

[CJfromSA]

There are so many blockchains companies launched or in process of a launch, they all focus on solving a single problem. Omnitude platform differs from other platform in a sense that it's a blockchain connectivity ecosystem and will work other blockchain service provider, a feature that is yet to be seen.
Omnitude will be a complete ecosystem not just an app and will be driven by applications designed and built by its community members. This is the power of omnitue platform.

[candicegordan381]

I extracted this from omnitude whitepaper, the core principles upon which omnitude platform is made.

Open
Any entity participating in eCommerce (e.g. merchant, customer, supplier, courier, affiliate/
referrer, or Omnitude specialist) will be able to join the Omnitude ecosystem. They will be
granted an OID by the Omnitude Foundation and will run a full or partial node. Depending
on their role, the Omnitude Foundation will assign the appropriate level of access required to
transact in the ecosystem.
Secure
Additionally, Omnitude will prevent unauthorised parties from ascertaining the identity and
patterns of behaviour of any other participant by inspecting the ledger.
Transparent
Omnitude will provide deep searchability, backwards in time through many transaction
layers, to fulfil the requirements of retrieving data stored on its blockchain.

[T85083598]

you can't let presale investors know plans if the softcap isnt reached!? thats retarded for what reason?

[Kirky]

The current crypto market is bearish and the only question you can find in every post is when the market will settle. Billions of dollars have been lost since the start of this year. My question is how this bearish trend will effect omnitude and should we wait and invest later when crypto market will settle ?

In fact the results of their ICO are answering on your question. I mean a such project like Omnitude would raised its Hard Cap in few seconds on bullish market. It's why they've raised only $4,845,397/25M$ so far...

[Kirky]

you can't let presale investors know plans if the softcap isnt reached!? thats retarded for what reason?

Good question but the best on is: if soft cap won't be reached, what will happen with raised amount?

[tertawalta]

I see  the founders have a lot of experience, have a question of how can the tokens  be used in  system?

[Mith19]

I see  the founders have a lot of experience, have a question of how can the tokens  be used in  system?

They have posted a very detailed review in their telegram today.

[StarSLight]

45% of online merchants and suppliers report losses greater than $1 million in revenue due to challenges faced when integrating cross-channel capabilities into their commerce strategy

This has to stop. This number is huge and the one reason that people have always been sceptical of the eCommerce industry was the risk of fraud. Now we know that big companies like PayPal, though they provide security, do it at a high cost. You either get to pick security, or low fees. Not both... until now.

Omnitude's system grants OID verification through the blockchain where multiple nodes are verifying transactions and identities.

45% is really great value! It's almost half! And I hope that the Omnitude project will manage to cope with all the problems