OMNITUDE: The Roadmap to a Decentralized E-commerce Trading System.

Ever since the need for the exchange of data and resources between two online trading enterprise systems arose, the growing risk, expense and time involved in establishing such a pertinent yet inevitable trading line has given less room for inter-business transaction and more for competition. The latter which is often than not healthier than the former for a smooth business environment still does not satisfy the requirements necessary to meet complete customer satisfaction as a joint online trading sphere outweighs the accomplishments of an individual functioning enterprise entities coined from the tenets " Two heads are better than one ". Obviously Blockchain technology has always described itself in terms of trust protocols and the secure transmission of value but the true definition of these terms are quite user specific as each individual enterprise has its own needs and wants with respect to data transference and security.

Big enterprise businesses have complex WMS (Warehouse Management System), CMS (Client Management System) and ERP (Enterprise Resource Planning) systems that have been put in place by differing providers at different times in their growth. This means that getting them to speak to each other is a long, expensive and painful process whilst being a resource and cash drain. We offer a fast, cost effective and secure blockchain middleware platform that helps push,pull and merge data. Small business on the other hand cannot afford to invest in these complex systems so will never truly be able to compete with the big boys in terms of managing their data to deliver business information. Our platform enables small businesses to adopt blockchain technology, cost efficiently and at speed enabling users to create bespoke applications, tailored to their business needs. Both of which encounters such impediments as frauds, cost of taking payments through gateway providers, counterfeit goods and the process of on-boarding new customers simply and quickly.

Omnitude, a middleware blockchain platform that works for every ecommerce business and their customers, offers a platform that will allow blockchain projects to easily integrate with each other, speeding up development cycles and reducing cost, whilst also allowing for innovation by combining these technologies.
Omnitude is a radical concept in blockchain eco-systems. Utilising Omnitude as an integration layer between existing systems enables rapid deployment of blockchain technology without the need to replace current systems.

MISSION STATEMENT
Omnitude aims at making online retail marketplace more transparent, more profitable and more secure. Whereas not only creating a blockchain solutions that integrates enterprise systems, supply chains and eCommerce platforms. But also enabling a community of app developers that can imagine, build and deploy blockchain solutions to real world problems. The Omnitude platform will itself be open and transparent, enabling anyone to design and build Omnitude applications to integrate with existing solutions in eCommerce, supply chain and enterprise systems with a proposed target to revolutionise eCommerce and supply chains with blockchain technologies.

                                           CORE FEATURES 

• FAST DEPLOYMENT
  We aim to revolutionise eCommerce and supply chains with blockchain technologies

• HYPERLEDGER
  Omnitude will be built on top of Hyperledger, the open source, global, collaborative project hosted by The Linux Foundation. Hyperledger is a permissioned blockchain protocol which enables business-to-consumer and business-to-business transactions.

• IDENTITY AND SURVEILLANCE
  The Omnitude Foundation will manage user OIDs ( Omnitude IDs) and authenticate all participants on the network. It will be possible to use access control lists to provide further layers of permission through authorization of specific network operations. For example, a specific user ID could be permitted to invoke a smart contract application, but blocked from deploying a new smart contract.

• PRIVATE TRANSACTIONS AND CONFIDENTIALITY
  Omnitude will conceal identity, transaction patterns, and terms of confidential contacts from unauthorized third parties by encrypting transactions so only the stakeholders can decrypt and execute them. In this way Omnitude will allow for competing business interests (or participants requiring private, confidential transactions) to exist on the same permissioned network.

• ACQUIESCENCE OF THIRD PARTY APPS
  Omnitude technology will enable a wide variety of different applications to be built. The Omnitude team will build its own, whilst supporting the community to develop their own, through open documentation, example code and support.

• PROBLEM SOLVING
  Some specific issues within eCommerce that Omnitude technology will solve are:

-Online payment fraud (two-thirds of Card not present (CNP) transactions are fraudulent)
-Counterfeit & Pirated Goods in the supply chain (86% of retailers say their sales are hurt by phoney goods)
-Identity confirmation (multiple logins supplying the same information across different retailers)
-Transaction fees (approx 2.9% per transaction is spent on fees for gateway providers)

Video Link:

Bitcointalk Link:
https://bitcointalk.org/index.php?topic=3043835.0

Official Website:
http://omnitude.tech/

Twitter:
https://twitter.com/Omnitudeorg

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