Omnitude: ICO Review The Blockchain is a technological revolution; the invention has brought to light a series of projects hoping to solve problems that exists in the current world which the current technology hasn’t been able to solve. Sophisticated projects have been developed thanks to the Blockchain innovation and building of smart contracts. However a lot is still left to be done and I want to introduce a project that solves the very big problems that exists in the E-commerce industry today in an innovative way through the Blockchain Technology. This project is OMNITUDE. What Is Omnitude? OMNITUDE is a blockchain smart platform that connects blockchain technologies, E-commerce platforms and enterprise systems involved in building end-to-end supply chains. A form of intermediary is needed to properly integrate Blockchain technology into the existing platforms without the need for replacing the existing infrastructure. The Omnitude platform will act as m...
OMNITUDE – Project Review In this paper I will be explaining some of the problems with the ecommerce industry and how Omnitude is going to provide an innovative way of solving them. Omnitude is a pioneering project to revolutionize connectivity between blockchain technologies, eCommerce platforms and enterprise systems. The problems: The common types of problems that businesses face in the ecommerce industry which the Omnitude platform is providing solutions for are stated below; 1. Ecommerce Fraud 2. Supply Chain 3. Identity Confirmation 4. The Cost of Doing Business Ecommerce Fraud: The present global eCommerce market is flawed and faces serious challenges, the biggest of which is fraud. The boom of the online ecommerce industry has also lead to exponential increase in online fraud. Apart from fraud, a lot of other problems exist currently in the industry. Some of which are stated below. Card Frauds: Card Frauds has grown to be an even bigger...
Project Introduction: The commercialization of the internet since it began in the mid-90s has changed the way we humans; interact, communicate, share experiences, have fun, do work and express our emotions. This has led to an increase in internet based companies who with great ideas, offer amazing services to better the lives of the people and in turn make enormous profits. Consumer data is the air that this Internet services breathe and is what makes them thrive but in return the consumers use the service, donate their data and don't get a share of the rewards. Intellectual properties like music and videos are paramount in entertainment. Already consumers expend their data and sometimes money to enjoy these products with no form of monetary gain. What if there was a way to get rewarded for doing thing we already love doing? The blockchain has proven to be a even more revolutionary technology with which innovative solutions are provided for existing real life problems ...
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