ApolloX: The Blockchain Powered Ecommerce Platform; An Overview
Introduction
ApolloX is a new e-commerce platform that is out to reverse the exploitative nature of the dominant players in virtual retail business such as Amazon and eBay. Current challenges with these intermediary e-commerce platforms can be linked to the central business idea of conventional e-commerce platforms.
The conventional internet cannot support up-to-date value transmission neither can it support irrevocable deals and this makes middleman companies inevitable part of the transmission.
The profit-oriented mode of intermediary firms eases the process of attaining profit which is the main goal rather than offering a really efficient and fair-trading situation. Through the use of blockchain technology to achieve genuine decentralization of e-commerce marketplace, this challenges can be easily resolved.
How ApolloX as A Decentralized E-commerce Platform Improves Virtual Shopping Experience
- It offers a Decentralized Trust Supported by Community
Offering protection against dubious sellers is a vital need for virtual buyers. Presently, customers depend on large industries popular brands to get this kind of assurance, even inspire of the fact that some of the large corporations are not always reliable.
A decentralized e-commerce platform will offer mutual protection to virtual buyers and sellers without middleman company, in essence, trust is offered by the entire community consensus via the execution of ApolloX Protocols.
Decentralized retail shops adheres to the instructions set by the community. For instance, every linked shopping data is saved on the blockchain such that it can’t be altered outside the knowledge of the other parties.
Any disagreement on a transaction over the ApolloX Protocol will be resolved by the arbitration procedure of the ApolloX Protocol to ensure openness and equity. Consequently, customers will be more calm and safe while buying at virtual shops operated by the ApolloX Protocol.
- Eliminating Middlemen to Obtain Cheaper Prices
Present e-commerce network features several middlemen in all the procedures of the e-commerce transaction such as advertisement, marketplace listing and so on. This often lead to astronomical increase in the price of goods.
By improving the entire ecosystem to a status of blockchain-oriented platform, we can cut down needless middlemen and do more of peer-to-peer transactions. ApolloX seeks to obtain as much as 40% lowering of price for end-users.
This is beneficial to the sellers, purchasers as well as manufacturers as this price lowering leads to increased sales even equal profit margin.
- Data Regulation by User as well as Sellers
Every shopping data in ApolloX Protocol is permission-granted and privacy-shielded by coding all sensitive data prior to writing the blocks to the ledger. Coded data can only be seen by a user that has the matching key.
With the ApolloX Protocol, every shopping activities such as browsing, clicking and buying can be accessed just by the partners in the trading.
- Matching the Incentives of the Users and the ApolloX Platform
The entire value of the ApolloX community is centered in the value of the tokens which implies that ApolloX service offerers, users of platform and the administrators of the platform have forged a tripartite system.
With this framework, ApolloX is not run by a management but rather by every participants on the platform. With this framework, ApolloX is not run by managers and this makes it difficult for ApolloX platform to give out user confidential data, cheat customers and betray the interests of the users.
Conclusion
ApolloX is a blockchain-based platform. that is established to ease electronic selling and buying process such that goods can be delivered at the least cost possible and users private data can be adequately secured. The cost of product get reduces and sellers gets a higher profit margin.
For more information here are some helpful links
Website
https://apollox.network/
Telegram
https://t.me/apolloxgroup