Omnitude is a blockchain smart platform that connects blockchain technologies, eCommerce platforms and enterprise systems involved in building end-to-end supply chains. Omnitude will be built on top of Hyperledger, the open source, global, collaborative project hosted by The Linux Foundation. Hyperledger is a permissioned blockchain protocol whichenables business-to-consumer and business-to-business transactions. The Hyperledger project has been created to advance cross-industry blockchain technologies, and is supported by dozens of well-known, leading companies in multiple sectors. Omnitude will use a cryptographic certificate to encapsulate a participant’s confidential data (e.g. Single Identity, Single Reputation, Proof-of-Interaction and Delivery Cycle Data).
Blockchain will manage the distributed Omnitude ledger through a p2p protocol built on HTTP/2. The data structures will be optimized to provide efficient schemas for maintaining the world state replicated at many participants. The DPBFT algorithm will guarantee strong consistency.
Omnitude will run as a cloud hosted, multiple network environment, with peer nodes hosted by any cloud provider and able to connect to one another over HTTPs. Users will run peer nodes, and may also run validating nodes if they chose to.
An ECOM token will be launched alongside the Omnitude platform. Merchants, customers and suppliers will require ECOM, crypto currency or FIAT to participate in the Omnitude ecosystem.The initial ECOM tokens issued will be used to fund the development of the Omnitude platform and ecosystem, incentivise participants to operate and secure this ecosystem and create a common settlement method for people to participate in the Omnitude ecosystem. The ECOM token will serve several primary functions:
1. A native method of settlement between parties to access ecosystem resources.
2. An incentive for ecosystem participants to operate and secure the ecosystem.
3. A means to raise funds for long-term development of Omnitude.
Token sale structure and distribution
Token sale will require pre-registration with KYC and $50k USD limit per person. Following 1st round, unsold tokens will be made available to all those registered with each individual able to purchase another $50k USD worth of ECOM until sold out. This will repeat until the 5th round at which point the token sale will end if still not sold out. In the event that the Token Sale funding cap is not reached, all remaining tokens will be burned. The 100,000,000 ECOM will be distributed.