APOLLOX REVIEW

With the recent awareness in blockchain, it is now well knowm that blockchain-based technology and decentralized processes are the key to the next generation of marketplace and online shops. E-Commerce communities can connect people with shared interests and aligned economic benefits, resulting in a community with high user viscosity through the blockchain. One platform which support this notion is ApolloX. In this write-up, I will tell you about this awesome platform and how it will benefit the e-commerce industry.

INTRODUCING APOLLOX

ApolloX is the very first blockchain solution for online e-commerce with a large number of existing members and mainstream adoption. This great platform will 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. Using blockchain with Decentralized Apps and smart contracts, ApolloX provides the best protection to both buyers and sellers without a high price tag by eliminating middlemen for better pricing. Apollox protect the data of its users, All data is securely stored over the permission enabled blockchain. Only authorized parties have access and the customer has ultimate control. This platform renders services such as logistics, financing & advertising, with its economic scale advantage, without the monopoly mentality. Existing marketplaces or shops may likewise migrate their business to ApolloX platform for cost reduction, faster customer acquisitions and better brand recognition.

APOLLOX FEATURES

ApolloX platform aims to build a strong relationship between sellers and buyers by making activities in the e-commerce platform smooth, highly scalable and making provisions for goods and services at attractive prices for both parties.
Apollox is integrating the following features into the platform to achieve the above aim-

Blockchain technology.
With the blockchain technology complete decentralization, smart contracts, proper recording and security will be achieved and this is the basis on which the Apollox platform is built.

Payment protocol
This is responsible for all payment related transactions between buyers and sellers and is also in charge of outsider insurance as well as the possible exchange of fiat currency to the cryptocurrency used by the platform.

Attribution protocol.
This is a part of the platform’s module that is responsible for traffic control which is a big factor in the success of e-commerce platforms and will be maintained properly on the ApolloX platform and will also make sure that all data such as advertisement data meet required standards at a cheap price that can be seen transparently by the merchants and their customers.

Payment protocol
This protocol is responsible for all transactions relating to payments between buyers and sellers and is also in charge of outsider insurance as well as the possible exchange of fiat currency to the cryptocurrency used by the platform.

Arbitration protocol
The Arbitration protocol was created by the Apollox platform to ensure and bring peace during any disputes or conflicts that may arise between merchants and their customers in the process of purchasing goods. This dispute is solved using a Deposit-Challenge-Vote system where one party can open up the case by depositing a small amount of ApolloX token and the opposite party is also expected to do the same with both of them providing their own argument.

CONCLUSION
ApolloX will use smart contracts and tokens to provide everyone with all the benefits of trading through a marketplace, like Amazon, without unnecessary cost.

Visit the links below for more information:
Website: https://apollox.network/
Whitepaper: https://www.apollox.network/downloads/ApolloX_whitepaper_v1.0.pdf
Telegram: https://twitter.com/apolloX_network
Facebook: https://www.facebook.com/apolloxnetwork/
Twitter: https://twitter.com/apolloX_network
Authors bitcointalk –
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