Quote from: alyssa.gonzalez29 on April 07, 2018, 03:47:32 PM

Quote from: sorrelin on April 07, 2018, 02:52:18 PM

The existing blockchain have problems with the speed of work. Will there be solutions in this area?

Omnitude acts as a middleware that plugs into existing platforms that eCommerce businesses are currently using. Hence, speed of deployment will be radically faster than a grassroots change into blockchain enabled platforms which other companies are purporting to roll out. It is essential that businesses understand the true value of middleware and hence the true value of blockchain to the eCommerce industry. This ensures that (1) accountability (2) security and (3) identity is preserved.

Interesting answer...

I have researched a lot on identity theft within the eCommerce world. I am quite impressed by the theory behind how blockchain utilises a decentralised network to engage various nodes to validate transactions and exchanges of value.

Researchers at Universiti Teknologi Malaysia have quoted

Quote

Types of personal identifiable information (PII) include Social Security numbers (SSNs), drivers license numbers, government identification numbers, alien registration numbers, email addresses, taxpayer identification numbers, financial records, credit card numbers, passport numbers, employer identification number, electronic identification number, and criminal history. It also includes unique
biometric data (fingerprints, retina scans, facial geometry, iris images, and other unique physical representations), patient identification numbers, and medical records [1].

Source: https://www.researchgate.net/profile/Atefeh_Tajpour/publication/320006684_E-Commerce_and_Identity_Theft_Issues/links/59c708e1a6fdccc7191ed860/E-Commerce-and-Identity-Theft-Issues.pdf

This is not even an exhaustive list of types of identity fraud. Blockchain tech and ultimately Omnitude's middleware has a large task to ensure that all types of identity fraud are kept at bay...