APOLLOX: THE OUTSTANDING E-COMMERCE PLATFORM BUILT ON BLOCKCHAIN TECHNOLOGY

flezy (40)in #crypto • 6 years ago (edited)

INTRODUCTION

One of the greatest challenges of e-commerce today is the exploitative nature of some dominant intermediaries that serves as the link between the buyers and sellers of commodities.
Take as an example, if a purchaser X who resides in the UK wants to buy an electric iron from a retailer in Hong Kong where it is manufactured, he will need to go through a middleman, usually eBay or Amazon to buy. The problem here is not with the structure itself, but with the charges these e-commerce links levy on the goods.
Sometimes, eBay or Amazon could charge as much as 25% of the merchandise as transaction fees. These extra charges have to be borne by both the buyer and the seller and this has a telling effect on the adoption of the e-commerce platform generally.
Aside from this, the privacy of sellers and buyers is usually compromised and wantonly bridged by these intermediary e-commerce platforms. They leverage on the transactional data of users to offer promotions for their platform and force thriving competing platforms out of the game.

APOLLOX PLATFORM

In recognition of this anomalies, ApolloX set up a Protocol which is built to be a general blockchain network that will revolutionalize the e-commerce world for years to come. ApolloX Protocol will accept several solutions for systems beyond marketplace or even shops.
As the participants and businesses of the e-commerce industry come into the ApolloX community, a positive ApolloX Protocol that will spring into a blooming network that offers diverse business services that straddles every procedure of e-commerce is expected to be seen.
ApolloX Protocol comes with all technical facilities that one can ever need to develop and run a disaggregated marketplace. The developers of the incredible ApolloX project will develop the very first decentralized trading centre, the ApolloX Marketplace on ApolloX Protocols.
The ApolloX trading point will commence the network effect as the starting node and be a worthy example to come to and develop decentralized applications on ApolloX Protocols.

USE CASE FOR APOLLOX

Richard is a university undergraduate who loves buying unique and nice products while online. Today, Richard stumbled on a new e-commerce site that is based on cutting-edge design packages.
Richard downloaded the application on the site and after some initial probe, he got to know that the shop partners with ApolloX e-commerce blockchain network and he is more assured of genuineness and more inclined to purchase on the platform.
Richard signed up an account on the new electronic commerce applications, entered his personal data and gave out his social network account and bought data for the last 3 years. The data will assist the retail store to better file in suggestions that Richard prefers and simultaneously, Richard gets 10tokens as compensation for his data shared.
Richard selected two products in the app and the ordering procedure was quite simple and Richard chose to use 5 tokens to get 5% discount later. The seller said he’ll send the item under 3 data and will near the cost if delayed. Michael got a referral code which he can use to invite his friends and will be a token for any friend that joins through this link.

CONCLUSION

ApolloX, a blockchain-based e-commerce platform has come to revolutionalize the digital marketplace by reducing the extra charges imposed on buyers and sellers by intermediaries. The platform ensures that the buyers and sellers can minimize purchase cost maximize profits while keeping their transactional data confidential to the two parties alone.

Team