Introducing ApolloX: a Blockchain Technology Platform for E-COMMERCE

Amazon and eBay are two of the leading e-commerce companies that serve as middleman between buyers and sellers that handle payment, escort and dispute settlement on merchandise. As a result of these centralized roles, the available evidence shows that in the real sense, the companies are exploitaves in their service to both the consumers and the sellers.

On the seller side, he pay about 30% of the merchandise value to the middleman platforms as fees for the services rendered. The buyer on the other hand also pay even more than 30% of the original or market value of merchandise. In addition tonthese, Consumers often have no or very little control over their own data. The outcome of the whole system is that both the seller and the buyer are dissatisfied with the nature of services rendered by these centralized companies.

As a way of finding solutions to the above problems, a group of concerned individuals came together in 2016 for the best solution to these. With the aim of utilizing most advanced technology to revolutionize the marketplace for her brand and customers, it came up with the conclusion that a Blockchain -based technology and decentralized processes are the solutions to the next generation of marketplace and online shops that will be beneficial and convince for both the sellers and buyers. These gave birth to the platform called APOLLOX. Let see how the platform operate bellow.

According to the whitepaper "ApolloX is the very first blockchain solution for online e-commerce with a large number of existing participants and mainstream adoption." As a decentralized Platform, ApolloX will bring revolution to the existing exploitative and dissatisfied online marketplace landscape. In addition, the "existing marketplaces or shops may also migrate their business to ApolloX platform for cost reduction, faster customer acquisitions and better brand recognition."

Additionally in the decentralized e-commerce ecosystem, all exchanges of money and sensitive data will be maintained by a smart contract system. ApolloX Protocol is a set of inherent functionalities for all essential e-commerce exchanges and network developers are encouraged to assemble more features set over the system. In this chapter, we will examine in detail how each module of the ApolloX Protocol handles common e-commerce business activities in a decentralized manner. Other features of the platform can be found bellow.

》Attribution Protocol
This keeps every transaction and ecommerce action in decentralized databases. Each member on the blockchain can verify the integrity of the data with permissions. Affiliate sales and referral traffic are managed by means of the Attribution Protocol. This enables sellers to review the performance of promotions from all channels. Publishers get paid directly by sellers, which removes outsider agencies and their bonuses from the equation.

》The Payment Protocol
Enables secure peer-to-peer transactions based on smart contracts, along these lines eliminating misrepresentation. There is additionally a smart contract for transportation time guarantee. This means the item will either arrive on time or the consumer will be reimbursed for the delay.

》The Reputation Protocol
rewards honest reviews and penalizes fraudulent reviews. Those who give fraudulent reviews lose tokens, and likewise lose their capacity to review other items.

》The Oracle and Data Protocol
This is also used to provide external data concerning issues like coordinations, personal data and advertising.

For more information visit:
Website: https://www.apollox.network/
Ann Thread: https://bitcointalk.org/index.php?topic=4650252
Whitepaper: http://www.apollox.network/downloads/ApolloX_whitepaper_v1.0.pdf
Telegram: https://t.me/apolloxgroup
Twitter: https://twitter.com/apolloX_network
Facebook: https://www.facebook.com/apolloxnetwork/
Reddit: https://www.reddit.com/r/ApolloX
#ApolloX #ICO #cryptocurrency #blockchain #e-commerce

Authored by Solman: https://bitcointalk.org/index.php?action=profile;u=1903032
Public key: 0xCf9da57D7455aFBD22537a533FE86B880436EE54