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.
states that the global e-commerce industry has grown to $22 trillion as of July 2016.... With China, US and Japan leading B2B and B2C sales, the impact blockchain would have on issues like:
- governance and enforceability of contracts
- issues of liquidity and voluntary administration in repaying debts and fulfilling contracts
will not only save immediate costs and collective time spent along the value chain, but legal, financial and consultancy costs that ultimately emanate from issues such as those
UNCTRAD states:
E-commerce includes both business-to-business (B2B) and business-to-consumer (B2C), respectively valued at around $19.9 trillion and $2.2 trillion each, according to the new UNCTAD data. This trade is mostly domestic, but is becoming more and more international.
UNCTRAD is authoritative as it is formulated by international law through a convention signed by many leading nations on e-commerce. Hence, its statistics are accurate and really put together an idea for the investor as to the piece of the pie that Omnitude really has.