Review and analysis of ICO Omnitude

E-commerce is increasingly demonstrating a significant increase in the volume of its sales. The increased demand for this service requires the renewal of the system and technologies. The volume and value of global e-commerce sales in 2016 was estimated at 1.86 trillion. dollars, and by 2021 it is projected growth to 4.48 trillion. dollars. In 2017, mobile commerce accounted for more than 70% of e-commerce sales in China and India and 59.0% in South Korea. In Germany, the United Kingdom and the United States, mobile commerce will account for at least one-third of the total retail sales of e-commerce.

But despite all of the above, e-commerce has several disadvantages. The growth of this service has led to a decrease in transaction transparency, an increase in the number of fraudulent cases related to the fact that attacks are occurring on user accounts, or by using special programs to master the identification system of another user. The next point is the fact that the number of products created on the basis of an existing original with violation of intellectual rights, so to speak counterfeit goods, is increasing. The import of counterfeit and pirated goods costs almost half a trillion dollars a year, or about 2.5% of world imports. 86% of retailers say that their sales are subject to fakes. Up to 5% of goods imported into the EU are false. This is poor-quality, damaged and often dangerous products. These are serious problems and they need to be solved somehow.

How will the Omnitude project solve this problem?

Omnitude will help to solve the problem of fraud in e-commerce using blockchain technology. The project will provide its users with an extensive database, which will contain all the necessary data about their customers. Such databases will be reliably protected against hacking thanks to the Omnitude ID. All customer actions will be recorded.

The Omnitude open-source project developed by the British organization will be available to everyone who wants them in their services to the client. The Omnitude Fund will be managed by a board of directors consisting of at least 5 and not more than 10 people who are investors, founders, partners, consultants or team members. The project is guaranteed to ensure the transfer of the original product from the sellers, as the process of tracking the goods will occur at all stages, starting with the vendor's location, and ending until it reaches the buyer's hand. Typically, potential buyers read reviews of other buyers related to the product of interest. As a result, online reviews become more important than television ads, branded websites, print and multimedia ads. The more positive feedback from previous customers, the better the product looks. Nevertheless, according to some researchers, up to one-third of online surveys are very fake and placed by traders themselves on a competitive basis.

The Omnitude project will overcome the drawbacks of all this with the help of a precise Hyperledger system.

ICO Terms and Conditions:

Name of the token: ECOM
Number of tokens: 100.000.000 ECOM
For sale: 50% is available
Price of the token: 1 EKOM = 0.46 USD
Start of ICO: 28.03.2018
End of ICO: 31.05.2018
Soft сap: $ 10 million
Hard cap: $ 23 million

Team:

Project rating on the site "icobench":

More information can be found here:

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