OMNITY - Unifying Knowledge For Faster Insight

STARTER INFORMATION

With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, Omnity, a self-assembling, decentralized knowledge curation system, interconnecting private document repositories at all scales (of, by, and for people, companies, organizations, and Governments) has arrived.

"In the current information age the sharing of knowledge has become an industry in of itself. Consultancy services encompass almost every type of business in the world, and these services don’t come cheap.

Another major issue is security and trust. In order to carry out the transaction either the client must pay upfront and hope the provider will deliver on their promise, or the provider must give up their knowledge prior to receiving payment, which presents them with the same trust issue regarding payment.

For this reason third-party intermediaries are often used, however, these large firms charge high rates for managing the knowledge providers companies are seeking to find. This severely limits the amount of information that can be managed by consultants, especially for smaller packets of information that are simply too cheap for third-parties to profit from.

Furthermore it’s often unclear how consultants are charging for their services, which can lead to huge bills being racked up before the client is fully aware. And in many cases, the high cost of consultants does not warrant paying for information, and as a result both parties lose out."

With that being said, Omnity does not scrape the web; rather they harvest and interconnect massive sets of public and private documents systematically uploaded through APIs and connectors to uncover hidden and unexpected patters of high value.

But before we go any further, please check out this video presentation to get even more acquainted

Now that I have your attention, let’s get right to it.

What exactly is OMNITY?

As depicted above and as indicated on the official website of Omnity, Omnity is a healing system of decentralized knowledge and self-organizing linking private document repositories at all levels (individuals, businesses, organizations and governments). The semantic connections in both sets of internal documents and external public data quality and rating are made by others around the world. Omnity does not scratch the canvas; Omnity collects and discover interconnects fairly massive collection of public and private documents automatically loaded via APIs and connectors hidden patterns and unexpectedly high value.

In addition, OMNITY is a search engine for scientists, students, researchers and so on. Very often students and scientists need the same information, the search does not lead to the desired result, because the popular search engines do not display this information on the first page when searching.

Omnity is based on the fundamental advances in semantic link search technology in which Omnity create landscapes of relationships based on meaning derived from semantic signatures of the whole document. In this way, the knowledge contained in the whole document can be deeply connected, only through shared ideas.

The Features

Collection

Billions of federal documents from most major agencies semantically interconnected

Connection

Documents interconnected through similar semantic signatures

Protection

Linguistic blockchain traces the semantic signs of papers changing over time, place, and authorship. Digital rights control for text-based content in engineering, finance, law, medicine, science in more than 100 languages is available.

Discovery bots

Automated semantic search agents called discovery bots can be triggered by drag and drop complete file querying. There is an opportunity by using OM tokens to activate token-driven self-governing searches at user selected periodicity and duration and result reports can be sent periodically to the user.

How It Works?

The internal structure of OMNITY will be based on a neural network, which will identify different dependencies between requests and responses of users in similar and not very topics. The platform will constantly self-study by analyzing each document and drawing conclusions based on the article or work. These publications and extracts from them will be stored on the platform on demand by other users so that each subsequent user can get the necessary information faster than the previous one.

Distributed Storage Network (DSN) is the main network of the platform that will serve for storing, updating, and searching new articles and publications on various topics. For example, you have found a way to quickly fix a complex car breakdown without the need to contact the service. You can write an article about it and put a copy of it in OMNITY, the system will draw conclusions from the article and users will be able to read it in full, and to subtract short conclusions without excess water.

Omnity can be effectively used is three different ways:

Drag and Drop

After logging in omnity.io, just drag and drop the document you want to search about and Omnity will handle the rest.

Upload

After logging in omnity.io, click on "my files" and choose the file from your computer and that's it. Omnity will do the job.

Omnity Google Chrome Web Clipper

After logging in omnity.io, just download the add-on and install it. While you are on the web, just select the text you want to search and Omnity web clipper will handle it.

Principle of operation

All available documents will be subject to constant analysis-the system will continuously self-study. The structure is based on a neural network, it will identify dependencies between requests and responses of users.

Distributed Storage Network

This is the name of the main network. Its tasks include update, storage and search for new sources of information.

You can write unique articles from your life, about your specifics, and upload an article to the OMNITY network. Next, the system will analyze the article and show users either all or the most valuable, as they say, without “water”.

The key tools of the Omnity platform

Storage Monitor

This technology is necessary to track the relevance of the information.

File Handler

Responsible for the storage and retrieval of the desired files and applications for the use of documents to owners. Each document uploaded to the network will be given an identification number, which can be easily found.

Data Recovery Agent

The tool is needed to recover lost or damaged files.

Omnity Storage Monitor (SM)

The storage monitor watches all data indexes for existing and new files. When new files are added to the index, the monitor sends a request to the file handler to store this file on the DSN. When an existing file becomes unavailable, the SM sends a request to the recovery agent that retrieves the file from the DSN and restores it onto the index. There are several potential reasons as to why existing files might become unavailable such as natural disasters, data corruption, hardware failures, and network hacks.

Mechanics of Token Sale

Omnity tokens are securities (investment contracts) being offered within the U.S. pursuant to 506(c) of Regulation D and outside the U.S. in reliance on Regulation S. Omnity tokens will be sold in multiple stages, with a private sale followed by a presale and then a public sale. In the United States, only accredited investors will be able to purchase Omnity tokens. Of funds raised, 74% will be allocated for Omnity’s operations (as per Figure 11); 15% in reserve, including use for the Early Adopter Program; 6% for employees, advisors, and partners; and 5% for founders.

Token Specifics

Token Name - Omnity Token

Ticker - OM

Platorm - ERC-20

Supply - Will be fixed after ICO

Token Sale Details

Sale will be held in several stages. Based on the data on the website, private sales should begin in the near future, during which it is planned to sell tokens for $ 9 million. Known total hard cap of the sales – $ 50 million.

Tokens will be distributed as follows:

74% for sales;

15% will go to the reserve;

6% share of employees, advisors and partners;

5% pool of founders.

Distribution of investments depending on the amount collected during the sales period, the creators of the project have provided several options for using the funds:

IN THE NEWS...

MEET THE AMAZING TEAM

Advisors

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

Website: https://www.omnity.io/

Whitepaper: https://www.omnity.io/static/ico/whitepaper.pdf

Whitepaper brief: https://www.omnity.io/static/ico/whitepaper_brief.pdf

LinkedIn: https://www.linkedin.com/company/6410987

Twitter: https://twitter.com/omnity_io

Facebook: https://www.facebook.com/OmnitySearch/?fref=ts

Telegram: https://t.me/omnityio

Bitcointalk: https://bitcointalk.org/index.php?topic=4853793

Author: Cryptoholical

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106

Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.