APOLLO X REVIEWS
In the world today,the internet has proved to be a very important tool used by millions of people globally. It has changed the way people sell and shop. Thousands of online shops exist today and it is where people browse and buy items without the limitations of location and operation hours.
But sadly today despite providing all these to customers,the online shopping has two challenges which are
(1)Dishonest sellers and buyers thereby receiving damaged or poor quality products.
(2)The fear of being scammed or the cases of fraud .
This is because these consumers do not have chance or access to see or touch the product before making any payment. So to be able to over come this two challenges a new selling model was created in the e-commerce industry and these two model produced the largest e-commerce giants which are Amazon and eBay.
This two companies stand as a middleman between the buyer and the seller in order to handle payments escort and dispute settlement and they proved very powerful.
However, instead of assisting the smaller e- commerce shops, Amazon companies use their momentum to take advantage of the small businesses and then force new sellers to pay a multitude of fees for such as dispute resolution and marketing. So because of these, the sellers now pay 30% of merchandise value to the middleman and thus hurts both the sellers and the buyers.
The sellers have been passing through all these challenges and many more,most times the sellers pay more fees just to purchase valuable information and they make up the cost by increasing the margin of their products. After checking all the challenges the sellers passes though,the Apollos platform was created.
The ApolloX platform wants to make use of blockchain technology to build a large scalable marketplace system that will be transparent and has beneficial elements for both the vendors and the consumers.
This marketplace system is going to harvest scale advantages,require low or minimal fees and it will posses the functions of centralized company but it will operate in a decentralised manner. The Apollos platform is the first blockchain solution mainly for online e-commerce and it has a large number of existing participants and mainstream adoption.
The platform has the potential to disrupt the existing online marketplace landscape and it will be the first choice of online channels to many millions of sellers globally.
THE APOLLO X PLATFORM
This is the first blockchain solution for online e-commerce with a large number of many existing participants and mainstream adoption. The main aim of this platform is to create an environment that has trust ,transparency and data ownership and it will have a minimum fees that will be attached to it.
The platform is basically for building decentralized e- commerce applications and services on blockchain. It uses tokenization and decentralization to replace today's rent seeking enterprise with a new model of complete shopping protection ,data security and minimal commission.
The platform is incorporating decentralized online applications and administration in order to be able to make an open and law based ecosystem. By doing so the buyers and the sellers can associate and have an optimized online shopping experience without monopolistic intermediaries.
The exchange on the Apollos platform is a peer to peer system model that brings all the middleman together. This method saves the sellers from paying an additional charges thereby giving the customers lower item costs.
The platform has a protocol which shields the tow parties involved in any smarts contracts and also network based assertion at entirely no additional cost. In the platform,the shopping information is encoded and authorized empowered and they are making available to organizations that have the customers consent and this eliminate security issues.
The platform supports web based business shops and this is because of the decentralization of the whole system. The protocol is been overseen and checked by everyone and then kept in an open source.
THE APOLLOX DECENTRALIZED MARKET PLATFORM
The team members of this platform solely believe that a decentralized marketplace is the best right choice for the future of the whole e-commerce industry and this is simply because it can be able to solve many issues that the industry is currently facing today.
One of the problem of the e-commerce industry that the decentralization nature of the Apollos platform has been able to solve is the issues of trust. There is no need to trust because it is now programmed as a trust less system with the help of decentralization and the smart contracts in conjunction with the arbitration of the community ,trust is automatically established so no need to trust or know who you are transacting with.
Another issues is the case of data access. The ApolloX platform believes that the consumers should have rights to do whatever they want with their data. However,in ApolloX platform all the data will be will be encrypted and it will only be accessible if the person who created the data gives others access to it.
The ApolloX platform is really an interesting system and this is because by cutting off the middleman and all the unnecessary cost,they will achieve their goal.
THE TOKENS
TEAM MEMBERS
ROADMAP
CONCLUSION
This is an interesting platform with an awesome concept. It gives data access to the consumers and also cut off the middleman that have been charging the sellers for unnecessary fees.
The platform has really make the price of the fees lower and the consumers are now benefiting from its efficacy. It also offer them arbitration reputation,oracle and data protocol.
The platform will support roles from many users from the community and able to help the manufacturers ,advertisers,logistics and other actors of the e-commerce industry. For more information visits the links below.
USEFUL LINKS
Website-- https://apollox.network/
Whitepaper-- https://apollox.network/whitepaper
Telegram-- https://t.me/apolloxgroup
Ann thread-- https://bitcointalk.org/index.php?topic=4650252
Twitter-- https://twitter.com/apollox_network
Facebook--- https://www.facebook.com/apolloxnetwork/
AUTHOR DETAILS
BITCOINTALK PROFILE LINK--- https://bitcointalk.org/index.php?action=profile;u=1616375;
BITCOINTALK USERNAME-- IFEOMA