Overview

Pioneering project to revolutionise eCommerce using blockchain technologies & ecosystems to address challenges around fraud, identity theft, supply chain & more.

Project stage

Only a whitepaper

Detailed description

Omnitude is a radical concept in blockchain ecosystems. Not only creating our own blockchain solutions that integrate enterprise systems, supply chains and eCommerce platforms. But also enabling a community of app developers that can imagine, build and deploy blockchain solutions to real world problems.Omnitude enables businesses to solve problems in ways that were not previously possible without the rise of blockchain technology. 

Omnitude will help achieve: 

  • The creation of transparent and accountable manufacturing and supply chains. - A significant reduction in eCommerce fraud. 
  • The enablement of a single customer identity for use across any Omnitude connected eCommerce site. 
  • Blockchain integration between enterprise systems such as ERP & WMS. 

And many more solutions from Omnitude and the community built as Omnitude Apps. Omnitude is a blockchain project borne out of an existing enterprise eCommerce agency. We’ve spent the best part of the last 10 years putting up with one of the major problems Omnitude will fix: integrations. We've spent most of our time integrating and reintegrating systems. We know this sector inside and out, we have a pool of staff who know this sector very well and more importantly, we have a lot of enterprise customers who cannot wait to get their hands on Omnitude.

Solution

Omnitude is a concept in blockchain eco-systems. Utilising Omnitude as an integration layer between existing systems enables deployment of blockchain technology without the need to replace current systems. Omnitude aims to achieve: - The creation of transparent manufacturing and supply chains. - Reduction in eCommerce fraud. - The enablement of a single customer identity for use across any Omnitude connected eCommerce site. - Blockchain integration between enterprise systems such as ERP & WMS.

Features

The Hyperledger architecture provides core blockchain services, on which the Omnitude ecosystem is built. The Omnitude ecosystem will be made up of a variety of entities (i.e. merchants, customers, suppliers, couriers and affiliates/referrers). 

1) A native method of a settlement between parties to access ecosystem resources. 

a. Merchants will make payments in ECOM to other ecosystem participants to use the on-ledger Omnitude solutions for Supply Chain Provenance, Delivery Cycle Transparency Data, Single ID, Single Reputation and Proof-of-Interaction. 

b. Customers will make payments to merchants using ECOM, cryptocurrencies and fiat. 

2) An incentive for ecosystem participants to operate and secure the ecosystem. a. The consistency of Omnitude’s immutable blockchain will be guaranteed by a distributed, peer-to-peer network of validating nodes running the Omnitude Core client application. In return for enforcing Omnitude’s Delegated Practical Byzantine Fault Tolerance (DPBFT) consensus algorithm, validating nodes will share in ECOM block rewards. 

3) A means to raise funds for long-term development of Omnitude. 

a. Through the crowdfunding, the Omnitude Foundation is raising funds for the initial issuance of ECOM, and for the development and launch of the Omnitude ecosystem. 

b. The ECOM coins issued during the crowdfunding will be the initial float to bootstrap the ecosystem. Any party will be able to join the Omnitude ecosystem and earn ECOM. It will also be possible to purchase ECOM in return for fiat currencies or other cryptocurrencies on the exchanges where ECOM are listed.

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Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : ECOM
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 20,700,000 USD
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Hyperledger (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. :4,000,000 USD
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :100,000,000 ECOM
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :NA
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Closed
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :BTC, ETH, USD,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :No
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date

    Within 2 weeks

    Unsold tokens

    Unsold tokens will be burned.

      • Token Distribution

          Vesting notes

          • Team and Advisors: Based on time with 20% being released each year for 5 years
        • Funds Distribution

      Sale schedule

      Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
      Token Sale — Ended
      28 Mar 00:00 UTC
      31 May 00:00 UTC
      0.46 USD No - Uncapped 20,700,000 USD
      Pre Sale — Ended
      30 Jan 00:00 UTC
      12 Feb 00:00 UTC
      0.4 USD 15% Max 50000 USD Uncapped 4,000,000 USD
      • Team

        • Chris Painter photo
          Chris Painter
          Founder & CEO
        • Vladimir Kalynyak photo
          Vladimir Kalynyak
          Co-founder
        • Robert Belgrave photo
          Robert Belgrave
          Founder & Advisor
        • James Worthington photo
          James Worthington
          CTO
        • Martyn Brougham photo
          Martyn Brougham
          COO, Americas
        • Ben Bennett photo
          Ben Bennett
          COO, EMEA
        • Jurie Van Rensburg photo
          Jurie Van Rensburg
          Finance Director
        • Ian Clay photo
          Ian Clay
          Programme Director
        • Jon Harris photo
          Jon Harris
          Brand Director
        • Lianne Byrne photo
          Lianne Byrne
          Marketing Director
        • Belinda Hall photo
          Belinda Hall
          Strategy & Partnerships Director
        • Greg Painter photo
          Greg Painter
          Community Manager
        • Andrew Starmer photo
          Andrew Starmer
          Project Manager
        • Nikki Hall photo
          Nikki Hall
          Social Media Manager
        • Benjamin Van Every photo
          Benjamin Van Every
          Blockchain Consultant
        • Ben Roy photo
          Ben Roy
          Blockchain Developer
      • Advisors

        • Sally Eaves
          Governance & Education Advisor
        • Michael Donald
          Advisor
        • Nathan Christian
          Advisor
        • Simon Cocking
          Advisor
        • Antony Welfare
          Advisor
        • Tiago Henriques
          Cybersecurity Advisor
        • Sahil Gupta
          Advisor

      Roadmap

      • Q3 2017
        • Concept Creation
        • Core Team Hired
        • In-depth Market Analysis
        • Audience Research
        • Competitor Analysis
      • Q4 2017
        • Technical Overview and Technical Viability Confirmed
        • Technical Whitepaper Created
        • Whitepaper And Website Designed
        • Core Partnership Meetings (Ongoing)
        • Approach and Secure Advisory Board (Ongoing Until Filled)
      • Q1 2018
        • Finalise Business Case
        • Define Minimum Viable Ecosystem
        • Launch Alpha Version of Hyperledger Stack
        • Build and Test Proof Of Concept lteratively (Ongoing)
        • Discover, Design, Build, Review
        • Onboard Beta Clients, Business Partners
        • Business Stakeholders
        • Develop Functional And Technical Architecture
        • Core Technology Work Group
        • Design Roll-out Strategy And Integrate With Legacy Systems
        • Join Hyperledger Foundation
        • Announce Technology Partners
        • Whitepaper And Website Go Live
        • Whitelist and Pre-sale
        • Recruitment Drive
        • Creation Of Proof of Concept
        • Public Release Of Code and Github Repo
        • Token Sale
        • Token Sale Closes
        • Token Allocation to Omnitude Wallets
        • Identify Possible Omnitude Foundation Board Members
      • Q2 2018
        • Announce Technology Partners
        • Work On Phase 1 & 2
        • Load Testing On Hyperledger Nodes
        • Creation Of Integration Code
        • Creation of Live Production Nodes
        • ECOM Live On Exchanges
        • Work On Partnerships And Customers
        • Election Of Omnitude Foundation Board Members
        • Omnitude Foundation Announces Agenda For Following Quarters
      • Q3 2018
        • Late Q3 / Early Q4 - Phase 1 Dev Completion, Start of Testing
        • Industrialise Technology Stack And Engage With Regulators (If Needed)
        • Develop Operating Models And Governance
      • Q4 2018
        • Completion of Testing
        • Launch of Phase 1
        • Begin Full Time Development On Phase 2
      • Q1 2019 And Beyond
        • Take Omnitude Into Full Production
        • Expand MVE By Creating/joining Consortium
        • Plug Into External Developer Ecosystem To Nurture Standardisation
        • Launch Phase 2 As Projects Become Ready

      Activity