The Apollox Solution

The benefits and potentials of the e-commerce sector cannot be over emphasized.

This sector reduces unemployment in the society .
Makes the buying and selling of goods and service easy and convenient for its teeming populace.
It is estimated that the global retail e commerce sales will reach about 4.5 Trillion USD
and also that the number of online shoppers increases annually by an average of 16% and is expected to reach 2 billion by 2021.

This goes to show how exponentially the sector is growing and that if its efficiency is improved greatly ,I believe it would net above the above figure by 2021.

There are some many issues that are not helping the continuous growth of the sector.
Such as:

Trust issues.
Transparency.
data security and privacy.
Payment issues.

The issue of trust is one to be taken serious.
It has eaten dip into the fabrics of the e commerce sector and its affecting growth and expansion, as it casts doubt on the minds of consumers , thereby discouraging participation.

My friend Nk bought some dresses sometime this year from an online shop.
She paid for the dress....but to our utmost shock, the quality of the dress that was delivered was in no way like the one she she paid for.

Now, she is sad and discouraged.
She told me that , she did not think she will ever buy things online again, except otherwise ,its pay on delivery arrangement.

It is a fact, that if this issue is allowed to fester, the number of online shoppers will greatly reduce ...which will affect the estimated sales amount by 2021.

There is the issue of vendors(sellers) paying outrageous amount of money to big e commerce companies like e bay and amazon , to get their product listed or advertised.

This extra cost is then added to the selling price of the products ,making consumers to bear the weight of the cost.

What it means is that, consumers are made to pay outrageous amounts for products.

This not only affects the consumers but also the seller, given that not many consumers would want to patronize them because of the price of their products.

The present system of data storage is prone to hack and identify theft because of its centralised structure.

The centralized structure makes it easy for third party tampering.
This is why the prevalent of users data being sold to companies, used for personal businesses is on the increase.
Did you know that data of users getting into the wrong hand could be used to:
Damage the reputation of the user.
Harm the user.
Steal from the user.

All these challenges of the present e commerce sector decreases user-participation , which impedes growth of the sector.

This is where Apollox comes to the equation.

Apollox , a platform for building decentralized e commerce applications and services on the blockchain.

WHY APOLLOX?

ApolloX would be the first blockchain solution for e-commerce and it has a large number of existing participants already.

Apollox would leverage off the block chain technology to develop a platform for building e commerce platform linking buyers and sellers .

The platform would operate the way centralized company's like amazon, e bay operates. The only difference being that , it is decentralized system .

This will ensure transparency.

Vendors can place advert , get their products listed directly at a very much lower fee compared to what obtains presently.
No payment to middlemen..which will reduce prices of their product.

Everything will be done in a transparent manner
Consumers will get value for their money , which wil go a long way in building users trust and increasing user participation.

BENEFITS OF APOLLOX PLATFORM TO VENDORS.

Vendors are given full access to consumer data which helps in making informed decision as regards product innovation.

Vendors will have larger customer base.

Reduction in transaction cost on the ecosystem.

Recognition of vendors brand.

USEFUL LINKS

Website: https://www.apollox.network/

Whitepaper: https://apollox.network/whitepaper

Btt thread: https://bitcointalk.org/index.php?topic=4650252

Telegram: https://t.me/apolloxgroup

Author bitcointalk profile::
https://bitcointalk.org/index.php?action=profile;u=2050118