APOLLOX: A BLOCKCHAIN-BASED DECENTRALIZED E-COMMERCE PLATFORM
INTRODUCTION
In the recent past, the internet has massively reconfigured our entire lives. How we sell, do our shopping and buy things has been noticeably changed as we now have virtual shops where people can sit from the comfort of their homes and check through goods to buy the particular ones they want without having the need to travel down to places or risking meeting a closed store.
However, as laudable as the idea of virtual shopping sounds, online shopping presents some basic challenges. For instance, there are chances of dealing with dishonest sellers since the buyer has no way of meeting with and seeing the particular trader he is dealing with at the other end.
Besides, there are equally the possibilities of customers getting a damaged or inferior product. As e-commerce users do not get to check out the product before it gets to them, it is not possible to receive a faulty package which, more often than not is very difficult to return, if possible at all.
As a way of avoiding these challenges, the middlemen approach was introduced into the e-commerce world to serves as a liaison between the customers and buyers. Such middlemen service providers are Amazon and eBay.
However, rather than assist the small industries in selling the goods to the customers and charge a token for that, these middlemen companies extort the sellers and frustrate the financial resource of both buyers and sellers alike.
As though, these weren’t enough, they leverage on users’ confidential transactional data to promote their own business without any form of compensation whatsoever to the customers whose data is used.
APOLLOX PLATFORM
ApolloX is a blockchain-based platform that seeks to use the current technology to develop a better marketplace system for the brands and users, particularly for inter-border sales. ApolloX is of the opinion that blockchain-oriented technology and decentralized systems are the solution to the future marketplace and virtual shops.
Via tokenization, ApolloX is of the opinion that e-commerce platforms can link people with allied interests and similar economic advantages which leads to a community with incredible user viscosity. It equally aligns the benefits between every member of the ecosystem along the path of further development of the platform itself.
ApolloX platform is an unprecedented blockchain option for virtual e-commerce with an incredible number of current participants and mass acceptance. It equally has the prospects of challenging the current virtual marketplace and be the choice of virtual channel to sellers all over the globe, most importantly the new seller who needs to sell their goods to a global audience.
APOLLOX PROTOCOL MODULES
- Attribution Protocol: Inbounding traffic is an essential component of any e-commerce business. It is equally one of the biggest expense sectors for just about any e-commerce business. It is equally one of the biggest expense sectors for a majority of the online stores.
ApolloX attribution protocol makes shops to retain existing traffic channels with more transparency and reduced costs. It equally allows token-oriented incentive for community-based traffic for shops to benefit from reduced cost of getting a customer as customers can get more money as they refer friends to the store. - Payment Protocol: ApolloX Payment Protocol is on the charge of the end-to-end payment confirmation system between purchasers and sellers alike. It equally accepts third-party insurance and the change between general currency and cryptocurrency on the ApolloX network.
ApolloX Payment Protocol can stop a number of fake virtual shopping stores by leveraging safety offered by leveraging on the distributed ledger technology as well as smart contracts.
CONCLUSION
ApolloX is a decentralized blockchain-based network where every transaction that is money-oriented and vital details are documented on the smart contracts. ApolloX protocol is specially built to ease e-commerce transactions and make blockchain more appealing to mass-market users.
TO KNOW MORE ABOUT APOLLOX
Join the Telegram Group: https://t.me/apolloxgroup
Follow on Twitter: https://twitter.com/apolloX_network
Follow on Facebook: https://www.facebook.com/apolloxnetwork/
Website: https://www.apollox.network/
Whitepaper: http://www.apollox.network/downloads/ApolloX_whitepaper_v1.0.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=4650252
Writer's Bitcointalk Username: Emmy92
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