APOLLOX: A NEXT GENERATION E-COMMERCE

e-commerce which is simply an electronic means of buying and selling has only been made possible with the emergence of the internet, where one can now shop without being limited to his/her geographical location, as the world has now been made connected with the internet.

AN OVERVIEW

commerce is simply the process of buying and selling, therefore it goes as far back as when people bought goods with local currency.

e-commerce has greatly aided in the growth of the world’s economy today and have only shown signs of improvement since its inception, in 2014, $1.4 trillion was estimated to be the amount gotten from sales in e-commerce and with the growth it has shown today.

It has been projected to reach over $4.5 trillion by 2021, however, the e-commerce platforms of today such as eBay and Amazon which serves as middlemen have been using their platforms to exploit sellers, especially the new once by imposing high fees for various unnecessary purpose, and even buyers happen to feel the ripple effect of these fees imposed on new sellers, not to mention the fact that access to traders data are not kept secure.

The e-commerce sellers and buyers have all endured this method of e-commerce because there was no alternative, but that shouldn’t hinder you anymore though, as I am here with the solution which is

APOLLOX - THE FUTURE OF E-COMMERCE

APOLLOX who have seen the challenges faced by sellers and buyers on the e-commerce is coming with a marketplace built on blockchain technology, which is fully transparent and void of challenges faced by renowned e-commerce platforms today.

 

 

PROBLEMS FACED BY E-COMMERCE

Listed below are some of the problems associated with existing e-commerce platform:

Gaining popularity and trust as a new seller: gaining grounds as a new seller on any of the e-commerce platforms today can be quite tedious, that I can attest to, people are wary when it comes to purchasing goods from a new selling because they lack an existing record and with the rate to fraud these days, it really difficult to trust new sellers, and so new sellers have to spend considerable amount of money of ads just to attract customers who they hope will leave them with good reviews.

High commissions: the cost of commissions with these e-commerce’s are quite high and despite the amount of money spent by sellers on ads or other stuff, they are still being billed a high price, which relatively raises the price of commodities and buyers also gets affected.

THE APOLLOX SOLUTION

Because the internet today does not have the capacity for value transmission and irrevocable contracts, intermediaries such as Amazon and eBay become a necessary evil as the need to make profit becomes the sole purpose if these intermediaries instead of providing an efficient and rewarding system for everyone.

Utilizing the blockchain technology to realize a true decentralized form of e-commerce is the way by which we must proceed.

By upgrading the ecosystem to the blockchain, APOLLOX will be eliminating intermediaries and indulge in peer to peer transactions, intermediaries such as advert, market listing, logistics, and more which generally causes the inflation of product prices, and an anticipated 40% reduction in product prices is expected after elimination of intermediaries.

Also, with the ApolloX protocol, there will be adequate permission enabled and privacy protection by encryption of all sensitive shopping data for both buyers and sellers and can only be decrypted by parties involved in the trade, which will put sellers/consumers in charge of their shopping data.

APOLLOX will also be making use of the blockchains smart contract for sensitive information’s and all monetary transactions, ApolloX will have its own token called the Apollox Token, which will be used to facilitate all forms of monetary transaction in the platform and what’s more is that APOLLOX will provide escort services in the bid to eliminate fraudulent activities from the platform

FINAL THOUGHT

Apollo will be changing the e-commerce world as we know it, bring efficiency and satisfaction to all its user, so I live you to make the decision to either choose a better working system or remain with the old.

Ready to come on board? click any of the links below:

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