45% of online merchants and suppliers report losses greater than $1 million in revenue due to challenges faced when integrating cross-channel capabilities into their commerce strategy
This has to stop. This number is huge and the one reason that people have always been sceptical of the eCommerce industry was the risk of fraud. Now we know that big companies like PayPal, though they provide security, do it at a high cost. You either get to pick security, or low fees. Not both... until now.
Omnitude's system grants OID verification through the blockchain where multiple nodes are verifying transactions and identities.