Omnitude Commits to Implementing Hyperledger Technology into Enterprise E-Commerce

 © Omnitude 2018. All rights reserved

© Omnitude 2018. All rights reserved

London based Omnitude have announced their commitment to bringing a brand new disruptive level of connectivity between blockchain technology, enterprise systems and electronic trade platforms.

Omnitude's technology will start the distribution chain, reduce electronic trade fraud and also empower shared client identity solutions. Omnitude has already gathered considerable interest from enterprise partners.

Harnessing the power of Hyperledger, Omnitude will resolve key issues in electronic trade like identity protection, defending against fraud and ensuring supply chain transparency with its clever blockchain platform. 

The project is borne out of an existing enterprise electronic commerce agency that saw firsthand the time and difficulty involved with incorporating and reintegrating systems. Blockchain technology has the capability to address problems in ways not before possible. Omnitude will assist attain: 

  • The creation of clear and accountable production and distribution chains. 
  • A significant reduction in electronic commerce fraud. 
  • The enablement of one client identity to be used across any Omnitude-connected electronic commerce website. 
  • Blockchain integration between enterprise systems such as Enterprise Resource Planning (ERP) and Warehouse Management Systems (WMS). 

Hyperledger will form the heart of the Omnitude platform. Even a permissioned blockchain protocol, it'll enable business-to-consumer and business-to-business transactions. Unlike people blockchain protocols, it'll be a permissioned network in which nodes are conducted by known whitelisted organizations or people, with supervision from the Omnitude Foundation. To further enhance security and transparency, the Omnitude blockchain will be periodically anchored to transactions on people blockchains such as Bitcoin and Ethereum. 

The result will be a flexible way of implementing business-focused systems. Any entity participating in electronic trade -- retailer, client, supplier, courier, affiliate/referrer -- will be able to combine the Omnitude Ecosystem, which will be powered by the ECOM token. 

Merchants will make payments in ECOM to other ecosystem participants to use the on-ledger Omnitude solutions for supply chain provenance, delivery cycle transparency information, single id, solitary reputation and proof-of-interaction. Customers will be able to use ECOM as an alternative to fiat payments. 

I have worked for over ten years in enterprise electronic trade, and again and again the very same issues arise. Our clients frequently face problems including systems and don’t have reliable solutions for tracking products throughout the distribution chain or confirming client identities. Not just that, the existing products available available available on the marketplace take months to implement. 

“With Omnitude, we’ll use blockchain technology to make the online retail market more transparent, more profitable and more protected. We are going to construct the integration layer that will enable enterprise to reap the benefits of blockchain technology.
— Chris Painter, Founder and Chief Executive Officer of Omnitude

About Omnitude

Omnitude is a blockchain smart platform that connects blockchain technologies, eCommerce platforms and enterprise systems involved in building end-to-end supply chains. Utilising Omnitude as an integration layer between existing systems enables rapid deployment of blockchain technology without the need to replace current systems.

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.

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.

We aim to revolutionise eCommerce and supply chains with blockchain technologies. Visit our website at http://omnitude.tech/ or follow our telegram channel https://t.me/joinchat/GvyX0g8PC7_JsyUu0fruUw to be notified when the token sale opens.

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