Omnitude-A blockchain middleware layer

Omnitude is a pioneer which combine a blockchain smart technologies with eCommerce platforms. The aim to revolutionize eCommerce and supply chains with blockchain technologies and one of their plans is to help achievement to create a transparent and accountable manufacturing and supply chains.

As we know, eCommerce has a close relation with supply chain and it becomes a big business, with $2 trillion in finance payables globally but almost overall was impacted significantly by inefficiencies on the financial side. Simultaneously originality goods imports which counterfeit are almost half a trillion dollars for a year it similar to around 2.5% of global imports.

From the percentage than 86% of retailers feeling harmed because their sales are broke by phoney goods even up to 5% of goods imported into the European Union are fakes, substandard, faulty, and often dangerous.The goods include all household needs, purposes of the hobbyist, etc.

In addition payment and the goods, another problem is the delivering. A recent survey from McKinsey & Company of online delivery showed that 43% of customers did not receive their dispatch also the date of notifications then 46% of e-tailers did not receive a delivery confirmation and 12% increase of over two billion items were delivered to households across the UK.

Omnitude realize that takes a lot or repairing, so they plan some solution to solve the problem is pass by steps :

• Entire items or shipments will tagging by an identifier so it can be tracked the item’s process has been where. Complete the process since raw materials to components to assembled goods to finished products until to final customer delivery.
• When items were sent, the location of items will be recorded immutably to Omnitude’s blockchain and will create a real-time, auditable, tamper-proof record of a product’s full journey send to the customer.
• Tagging individual items with unforgeable cryptographic identifiers such as painted 2-D graphene security tags that smartphone’s readable, identified by serial number, to sign the provenance and originality.
• Only by a smartphone which installed Omnitude Tracker App, the customer will know the route to market traced by the item, or whether it was recorded as stolen or lost. For retailers, it will be better match payment and merchants will have an improved ability to make staged payments (‘micropayments’) to counterparties.

In addition, to relate to supply chain, the other focus by Omnitude is identity confirmation as a data to know who is the customers also the merchants.

Usually, customers should fulfill their identity also the specification of information’s items when transacting online with a merchant. Generally, it should be done in each transact with a new merchant and each merchant will spend time and money to record the data and safeguard it properly.

To order an item, commonly customers will be looking for information about it to help their buying decisions and be suggesting it. Unfortunately, the reviews that they got is made by strangers which posted falsely and damage the business involved.

The Omnitude Solution to Identity Confirmation is proposing to reduce the effort required by merchants to establish customer identity and be fast onboarding experience for customers. Customers with an Omnitude Identity (OID) will enter their own identity and data at once, which will be verified by the merchant and then encrypted and recorded on the Omnitude blockchain. Each time they transact with a merchant, the customer will be able to submit and verified by the first merchant. It will make the purchasing process be easy, customer satisfaction and loyalty be an increase, also merchants only need less effort.

The Omnitude Solution to Identity Confirmation Proof of Interaction (POI) will make verification of reviewer to interaction their review with the merchant. It is going to work start a customer with an ‘OID’ is submit a review of the online merchant, the OIDs and private keys of both customer and merchant will be used first to verify from the Omnitude blockchain that the customer has transacted with that merchant. As the contribution, by the system, merchants will pay ECOM for the customer for their reviews had submitted.

The Omnitude Solution to Identity Confirmation Single Reputation will be bridging a reliance in a circle transact of suppliers, merchants, and customers. It means single reputation system will allow tracking - automatically and objectively - of whether goods are shipped promptly, and whether payments are made on time and in full. It could be accessed by OIDs which across the Omnitude ecosystem.

For the transaction it must be able by ECOM token that will be launched with Omnitude on the Omnilayer platform with several functions are :

• A native method of settlement for merchants and customers to access ecosystem resources.
• To encourage ecosystem participants (Omnitude Core client Omnitude’s Delegated Practical Byzantine Fault Tolerance (DPBFT)), operate, and secure the ecosystem.
• A means to raise funds for long-term development of Omnitude such as crowdfunding by the Omnitude Foundation.

This token will distribution through four-part is 12% for team and advisor, 50% Token Sale Investors, 30% Omnitude Foundation, and the rest as much as 5% is for pre-sale investors.

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