ApolloX:Equipping The Ecosystem With A Decentralized Global E-Commerce

GENERAL OVERVIEW

The process and activities which involves the buying and selling of commodities has started for generations and the level of modification keeps revolving with drastic measures taken to constantly improve the process. Transactions carried out daily is extremely huge with the e-commerce sector contributing greatly to the global economy and improving the level and standards of living amongst individuals.

Numerous Blockchain projects working on decentralized e-commerce ecosystem on Blockchain, but there is some distinct facts that's makes the project unique and different from other similar projects.
My review and opinion will focus on what make this project unique and why I think it is a project that worth everyone support.
As an Internet user, you would have engaged in buying or selling online before, most of us are not new to it and buying and selling online is one of the core blessing of the Internet, with this we have conquered geographical restriction and trade with people around the world.

A great level of appreciation goes to the Internet for creating medium and opportunity like this for us which has created convenient and easy shopping experience though there are still some challenges like dishonest sellers and customers receiving damaged or poor quality products which ApolloX through its blueprint targets to eradicate with the distruptive Blockchain technology and in return uplift the ecosystem.
ApolloX Protocol Modules

Basically in the decentralized e-commerce ecosystem, majority of transactions (money and sensitive information) will be maintained by a smart contract system. ApolloX Protocol is a set of built-in functionalities for all essential e-commerce transactions and community developers are encouraged to build more features set on top of the system. In this chapter, we will discuss in detail how each module of the ApolloX Protocol handles typical e-commerce business activities in a decentralized manner.

INTRODUCTION OF ApolloX project

ApolloX is a decentralized ecosystem for global e-commerce. We built an e-commerce protocol to enable real-world e-commerce applications running on the blockchain. We connect buyers and sellers with trust and transparency, without information silo and monopolistic middlemen. With our unique blockchain technology, ApolloX brings benefits to both consumers and sellers.

The platform is designed to solve the issues facing sellers and buyers online such as paying excessive commission for endorsement, lost of private data by customers, sellers facing unfair competition with marketplace platform and aim to use Blockchain technology to build a large scalable marketplace system which is fully transparent and has beneficial element for both vendors and consumers.

Below are the protocol modules of ApolloX:

•Attribution Protocol-
Inbounding traffic could be a vital component for any e-commerce business. It’s additionally one among the biggest expense sectors for many on-line outlets. ApolloX’s attribution protocol permits outlets to stay existing traffic channels with higher transparency and lower prices. It additionally permits token primarily based incentive for community driven traffic therefore outlets will relish lower client acquisition value whereas customers will earn extra cash from recommending product to their friends.

•Payment Protocol-
ApolloX Payment Protocol handles the end-to-end payment escort method between consumers and sellers. It additionally supports third party insurance and also the transformation between rescript currency and cryptocurrency on ApolloX platform. ApolloX Payment Protocol will stop a majority of on-line looking scams with the assistance of distributed ledger and good contracts.

•Arbitration Protocol-
Post-purchase dispute and criticism settlement is often a frightening a part of any e-commerce business. Standalone outlets typically like better to handle their own disputes. They act as each the player and decide, and sometimes cause client complaints. The settlement from a centralized marketplace seems truthful, however most of the time it favors the shoppers and individual sellers don't have constant negotiation power. Sellers haven't any selection however to remain within the centralized marketplace albeit they're treated below the belt throughout disputes.

•Reputation Protocol-
Customers believe heavily on the reviews and ratings of product and sellers on a marketplace to form choices on their looking selections. Therefore, it's necessary to forestall individuals from manipulating the review system and encourage real reviews from verified consumers. To accomplish this, ApolloX name Protocol is made to reward authentic reviews and punish deceitful reviews.

•Oracle and information Protocol-
ApolloX Oracle Protocol disclose Apis for integration with existing supply suppliers and advertising platforms. supply information, like pursuit numbers and delivery statuses, are going to be on the market as information oracle on apps on the ApolloX network. advert information, like attributions, also will be honored and recorded with every order on the blockchain. Of course, the seller of these information feeds can are rigorously vetted by the community before gaining access to the protocol.

Dozens of global brands have already signed up for the alpha group of Apollo Stores.

Partnership with over 400 global media.

March 2018, ApolloX releases white paper and private sale

Q3, 2018, ApolloX beta testing of marketplace X ( front end)

Q4 2018, ApolloX beta testing of ApolloX Protocol( database, web app)

Q1, 2019, Apollo X releases beta version of Apollo X Protocol open source code

Q2, 2019, ApolloX public testing of ApolloX marketplace with global access

Q3 2019, Apollo Box starts migrating businesses to run on ApolloX

Q4,2019, Apollo X starts to accept public application of sellers

Q2, 2020 , Apollo X becomes a fully decentralized service

The project has a strong team behind it,intellectuals that's have excelled in their various fields but aligned together and created a massive platform to ensure effective improvement in our ecosystem.ApolloX team are from MIT, Stanford, Tsinghua, Google, and Newell Rubbermaid with extended experience in cross border e-commerce and blockchain infrastructure. They are backed by reputable venture capital from US and China.

The biographies of ApolloX’s key team members are summarized below:

Will Li, Co-founder & Technology Lead- A Serial entrepreneur, founder of 3 companies. Previously worked at Oracle and MIT Media Lab. Will founded Carrot App in 2010 and got acquired by Sophos in 2012. He received his Master and Bachelor degrees in EECS from MIT. Will is the inventor of the first application locking solution for Android.

Claire Zhou, Co-founder & Product Lead- Previously worked as senior marketing analyst at Google and Newell Rubbermain. Co-founder of CarrotApp and ApolloBox. Claire received her master degree in biomedical engineering from SUNY.

Dr. Shannon Ma, Chief Economist- Expert in online marketing channels and affiliate networks. Marketing manager at Apollo Box. Shannon received her PhD in Economics from Michigan State University and continued her postdoctoral study at Stanford University.

Dr. Yusi Zhang, Cryptography Researcher- Yusi is a PhD candidate in symmetric-key cryptography from University of California. His main research area is provable security in symmetric-key cryptography and designs for cryptographic definitions. Yusi is also an expert in web attack and defense techniques.

There are currently at least 6 advisors supporting the project, including Zaki Manian, Executed Director of Trusted IoT Alliance; Jun Wu, Partner at Amino Capital; Huican Zhu, Chief Architect at Tencent; Chris Li, Partner at Forge Lab; Felix Li, Founder at Hofan Capital and Jennifer Wang, CMO at DealMoon.

FOR MORE INFORMATION KINDLY ACCESS THE LINKS BELOW
Website: https://apollox.network/
Whitepaper:https://apollox.network/whitepaperANN: https://bitcointalk.org/index.php?topic=4650252
Telegram: https://t.me/apolloxgroup
Blog: https://medium.com/@apolloxnetwork

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