Yeh, candicegordan...
Omnitude will help increase transparency within a privatised network. But will larger retailers be willing to come on board?
It should do this by ensuring that genuine goods are easily identified whilst highlighting fraudulent copies.Omnitudes Single Identity and Single Reputation will help reduce the most usual form of fraud- Identity Theft.
ID theft is a large cause of a lot of money lost within the e-commerce world...
End-to-end transparency is necessary with
Omnitude as a consumer to understand the inner workings as to how they're produces operate.
Within a private blockchain network consumers will want to have a long-term relationship with there sellers. This is only possible if each consumer has confidence that the seller is auditable as well as having a good record.
EBay for example utilizes the star rating method as does uber. However more attention within the commercial space needs to be paid to the rating system because this is the backbone that the consumer relies on for confidence in the system.