Omnitude. ICO Review

The Omnitude project provides advanced features for working with blockchain technologies. The platform’s members will be able to use blockchain benefits when working in the field of retail and wholesale trade. New technologies open up a lot of possibilities for creating platforms that specialize in logistics.

Within the Omnitude ecosystem, there will be an internal currency. It will be used to conduct the main financial transactions within the network.The project will serve as a kind of bridge between the systems. Users can apply its set of functions to create blockchain applications faster and in a more convenient way. At the same time, they won't need to change their usual infrastructure.

What problems does the Omnitude project solve?

The market of online trading is developing with impressive paces. Two years ago the turnover in this field was about $1,5 trillion and nowadays this amount keeps on increasing.

The largest share of this amount belongs to owners of online retail trading platforms. But no matter how popular the field is, there are issues that require innovative solutions. The field’s most common problems concern attempts to integrate the new software and to protect online stores from the fraudsters. These stores use an online payment system which is very often subjected to cyber attacks. As a result, not only the stores’ owners may suffer but also all their clients who have ever registered on the network and provided their personal data.



The Omnitude project, thanks to the innovative functional, will be able to:

● Ensure transparent and secure working environment for all parties involved in trading
● Reduce the risk of fraud to a minimum level
● Implement a unique user authentication system
● Optimize the processes of applying blockchain technology for working within any corporate sales system

How does it work?

The platform will be based on the OpenProject by Linux. The basis of the network will be represented by a blockchain protocol enabling to conduct two types of transactions. The main blockchain protocols have been integrated into the ecosystem.Different parties of the retail trade can exist within the network. Namely, buyers and owners of stores and logistics companies and suppliers of goods and services. Big and small retailers will be able to cooperate on equal terms within a single secured network.

Innovations offered by Omnitude

An advanced payment mechanism involving the use of internal currency will exist within the network. Thus, the network’s users won’t need to pay commissions for transactions. That is because the blockchain doesn’t imply high costs, unlike other online payment systems. As we have already mentioned, a system token will be used to conduct all payments within the network.



Benefits from the implementation of cryptocurrency payment system:

● There are no big commissions for conducting transactions of any scale
● Fast transfers without delays
● Confirmation of a successful transaction
● The integrity of information within the blockchain, as all actions are recorded in a single chain of blocks
● Deals can be concluded between parties from different countries and they will be completely legal

Another innovation represented by the network is a method which allows to identify a user on the network and view his reputation. It is impossible to change this information, as well as transactions history and any other data, so all parties will receive only reliable information.

Every user will have his personal address within the Omnitude network. All transactions and other activities conducted by him in the ecosystem will be registered. Thereby, we can forget about the problem of fake goods or services reviews. And a user who has bad recommendations, whether he is a buyer or a store owner, won’t be able to hide this information.

Active users of the Omnitude ecosystem will be rewarded for performing certain functions. More information about it will be provided after the further launch of the network or you can read about it in the Omnitude project’s official papers.

About the token

Within the platform, the digital assets will be used for the following purposes:

● To conduct the main payments between users
● As a financial incentive for active users
● To ensure security and reliability of the ecosystem
● To attract investments in order to facilitate further development of the project

Tokens can be purchased on exchanges or received as remuneration for outstanding achievements within the project. When selling products, you will receive payments in this currency.

About developers of the Omnitude project

The project’s team of developers has provided an open source code for the network. Thereby, anyone who wants to can join the project’s ecosystem and thus promote its development.Each interested user can optimize the Omnitude project’s operation according to his needs.The project’s team consists of 10 developers. Among them, there are not only famous British software developers but also investors, business advisors, digital technologies experts. That’s why the platform has great chances to become successful.

More information:

Website: https://omnitude.tech/
White Paper: https://files.acrobat.com/a/preview/75fe0af9-d98b-4002-863c-138b43a131ef
Facebook: https://www.facebook.com/Omnitude.tech
Twitter: https://twitter.com/Omnitudeorg
Telegram: https://t.me/joinchat/GvyX0g8PC7_JsyUu0fruUw

Author:
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