Omnitude Brings Opportunities to the Small Businesses
Small businesses have a major challenge competing with existing large enterprises and this issue is even grander in the e-commerce market. Consumers tend to have little access to vetting abilities on a new, unknown website selling good on the internet.
In addition, technological needs are becoming a necessary aspect of any business on the internet. The cost factors associated with running an e-commerce platform and having to complete against large companies where “foot traffic” can easily be delivered to a single location make the digital terrain tough for small enterprises and start-ups.
Omnitude Levels the Field
Omnitude is developing a permissioned blockchain and that brings credibility to the businesses that are part of its ecosystem. This is a great opportunity for small enterprises and start-ups to match shoulders with established brands.
While consumers tend to generally have trust in just well-known and majorly advertised brands, the development of a permissioned ecosystem powered by the transparency offered by blockchain creates an environment where the need of trust is waived with the gift of technological conveniences.
This allows businesses to properly display their competitive edge to the market. This brings benefits to both the consumers and the merchants:
- By developing a merit-based ecosystem, innovation and talents are able to pave the way for new products in e-commerce
- Consumers are given the opportunity to set aside branding efforts and truly look at what product stands atop
Technology for All
Many enterprises have understood the benefits of the blockchain and they are making the move to adopt this powerful new technology. However, the labor force needed to provide or replace existing technology that a business uses with one that is built on the blockchain is an extremely expensive venture that only major enterprises can undertake. The sheer expense factor of such an undertaking disadvantages small businesses.
Omnitude, however, is designed to waive the need to replace existing infrastructure and provide a layer with which existing e-commerce technology easily connects to the blockchain. Omnitude allows small enterprises to match horns with the major players in e-commerce and this once again benefits both the consumers and the merchants as the genuinely better product is able to stand out and gain traction.
While Omnitude offers utilities and benefits to both major enterprises and small businesses, it serves as a true boon to the small guy. Enterprises have the resources in terms of capital and labor force to locate a work-around the difficulties they face in respect to security and transparency issues. The small businesses, however, do not have such power. Blockchain brings them tangible and highly needed benefits. Omnitude makes this new technology easily and affordably accessible to them.
🌐 Website: https://omnitude.tech/
💡 Whitepaper: https://files.acrobat.com/a/preview/75fe0af9-d98b-4002-863c-138b43a131ef
👨 ANN Thread: https://bitcointalk.org/index.php?topic=2767815.0
💻 Telegram: https://t.me/Omnitudechat
Twitter: https://twitter.com/Omnitudeorg
Facebook: https://www.facebook.com/Omnitude.tech
Medium: https://medium.com/@Omnitude
Reddit: https://www.reddit.com/r/Omnitude/
Connect with me:
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https://steemit.com/@hatu – Follow for a new ICO analysis every day!
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How the HELL can someone get 88 upvotes on a Post and only make 16 cents????
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You must be new here?
At the current STEEM price, I think 3,500 SP is equal to $1 upvote.
Now let me put that into perspective: I have about 5 SP, you have about 0.5 SP... I think all my followers combined have less than 2,000 SP, and this is understandable since who would want to lock up their money on Steemit for 3 months? Yes, buying SP will lock you in for 3 months.
So even if everyone who follows me (over 650 people) voted for me, I'd have about 60 cents LoL.
As sad yet hilarious as it may seem, that's the reality of earning money from upvotes. You need to get some very rich followers--those who have $50,000+ or $100,000+ invested in pure SP--to earn a decent flow of money from upvotes. But the problem is that there are very, very few people who would put a long-term investment that heavy into SP. I won't recommend it either since STEEM price has cratered by more than 50% in just 1 month.
Hope this clarifies how upvotes work :)
Follow me @hatu; I write about ICOs and crypto everyday!
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Oh and I forgot to mention!
Those figures are accurate only if everyone voting is at 100% voting power, and that is rarely the case. I myself am usually below 50% voting power.
Also, since most people have very little SP, their ability to vote is dependent on whether or not their vests even allow them enough broadband to vote. Given that the vast majority of my followers have the same about SP as 95% of Steemit population, they often can't even vote for me because their vests are so low that they easily go beyond their broadband allocation.
Horrible, but true...
I myself was stuck in that hole for a long time.
But don't let the low vote value discourage you; the goal is to make quality content for the sake of making quality content.
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you are right...I am new here....2 weeks
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