ApolloX- The Next Generation E-commerce

INTRODUCTION

Before we get into the nitty-gritty of the e-commerce realm, we need to know what exactly e-commerce denotes.

E-commerce refers to commercial transactions that are conducted online. This means that whenever an individual buys and sells anything using the Internet, ecommerce has taken place. In the year 1994 on the 11th of August, around noon that day, Phil Brandenberger of Philadelphia logged into his computer and used his credit card to buy Sting’s “Ten Summoners’ Tales” for $12.48 plus shipping. This story may not sound too exciting in this 21st century but at that time, this particular transaction made history because it was the first time that encryption technology was used to enable an internet purchase. Most people consider that moment/period as the first “true” e-commerce transaction.

Needless to say, ecommerce has grown by leaps and bounds since then to the extent that in big cites around the globe, e-commerce is growing 23% year-over-year, and according to eMarkerter, global ecommerce sales are expected to top $27 trillion in 2020 — and that’s just statistics for the retail sector.

Introducing ApolloX

ApolloX is the very first blockchain solution for online e-commerce with a large number of existing participants and mainstream adoption and It also has the potential to disrupt the existing online marketplace landscape and become the first choice of online channels to sellers globally, especially new sellers with cross border selling needs and it is also possible that existing marketplaces and shops may also migrate their business to ApolloX platform for cost reduction, faster customer acquisitions and better brand recognition. It is a platform for building decentralized e-commerce applications on block chain.

The ApolloX platform will be handled by the arbitration process of the ApolloX Protocol to ensure its transparency and fairness. This will make customers to feel comfortable and protected while shopping on an online store powered by the ApolloX Protocol. If they happen to get into trouble with a fraudulent seller, they will have the assurance that their support case will be reviewed and decided by the community through a fair and transparent process, not by the seller or any other centralized company who stands the chance of benefiting from the success of the transaction.

Current Problems
One of the problems of e-commerce is that gaining the trust of online consumer is expensive. Even if you create a great website and sell quality products, customers will still be wary to shop with because you don't have a strong reputation yet. And this is due to the increasing scam and fraud everywhere.
Also, there is excessive commission on centralized market place. The cost for operating a storefront on a popular marketplace is very high. For example, eBay usually takes 10% to 15% of the gross sales, while Amazon takes 15% to 25% of the gross sales and this is often unproportional to the service value being provided by the marketplace. The price of these services provided by the marketplace is often higher than the industry standard price and sellers usually do not have the power to negotiate the prices.
There is also expensive advertisement spending and huge fee for the middle man.

ApolloX Solutions

• Decentralized market place can be used as a solution due to the profit seeking nature of the intermediary companies, achieving profits seems to be the only goal instead of providing an efficient and fair trading environment. Therefore, using block chain technology is the only way to realize the true decentralization of e-commerce and fundamentally resolve the problem.

• Also, eliminating intermediaries for lower prices is another solution because the current e-commerce systems have various intermediaries in every process of the e-commerce transaction. And this includes advertisement, marketplace listing, logistics, etc. And thus usually results in a product being priced at 5X its manufacturing cost. By upgrading the whole ecosystem to blockchain based platform, unnecessary intermediaries can be cut off and more peer-to-peer transactions can be conducted. This will lead to a 40% reduction for customers.

ApolloX Protocol Modules
Attribution Protocol: The attribution protocol enables token based incentive for community driven traffic so that shops can enjoy lower customer acquisition cost while customers can earn extra money from recommending products to their friends.

• Payment Protocol: This securely transfers payment between buyer and seller and support third party insurance. This helps to prevent fraud and scam.
  Oracle and Data Protocol: It opens up APIs for integration with existing logistics data such as tracking numbers and delivery statuses will be available as data oracle on apps on the ApolloX network.
• Reputation Protocol: Since customers rely heavily on the reviews and ratings of products and sellers on a marketplace to make decisions on their shopping choices, it is important to prevent people from manipulating the review system and encourage genuine reviews from buyers that are verified. To make this possible, ApolloX Reputation Protocol is created to reward authentic reviews and penalize fraudulent reviews.
• Arbitration Protocol: This resolves disputes in a fair, impartial and efficient way using the Deposit -Challenge-Vote mechanism in order to ensure independence and transparency.

About The ApolloX Token Details and Sales
APTX is the native token that will be utilized in the ApolloX platform, It is an ERC20 standard token that is based on the ethereum blockchain and will be utilised for all transactions on the ApolloX platform.

Pre Sale Period: Sep 1, 2018 - Sep 21, 2018
Number of tokens for sale: 3,500,000,000 APXT (35%)
Pre Sale Bonus: 20%
Tokens exchange rate: 1 APXT = $0.0055
Acceptable currencies: ETH, BTC
Minimal transaction amount: 0.5 ETH, 0.025 BTC

Meet the Co-Founders of ApolloX

Conclusion
ApolloX is taking e-commerce to a whole new level of change and by being part of ApolloX, you can be part of this new era and experience it too.

for more information on this great project, please visit
Website: https://apollox.network
Whitepaper: https://apollox.network/downloads/ApolloX_whitepaper_v2.2.pdf
Medium: https://medium.com/@apolloxnetwork
Twitter: https://twitter.com/apolloX_network
Telegram: https://t.me/apolloxgroup

Authors Details
Bitcointalk username: kingairdrop
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1862137