Review on Apollox
The rapid growth of the ecommerce industry in the last decades has led to the emergence of giant online shopping companies such as Amazon, Alibaba. Whereby, the centralized system of this industry has created issues of unfair pricing, hidden costs, data insecurity among others.
This issues is among what the e-commerce industry is facing based on it centralized model which includes:
- Low trust between buyers and sellers on existing ecommerce platforms, whereby sellers have to pay huge amounts for their products to be listed on big ecommerce sites, which affects their income.
- Middlemen fees is also an issue, such as transport and storage fees are expensive on big ecommerce platforms.
- Users do not have control over their personal data on these platforms. These data are often sold back to sellers, frequently without the knowledge of the buyers.
This is the reason why ApolloX plans to provide a decentralized ecommerce solution via blockchain-based protocol that empowers decentralization in the e-commerce industry.The protocol is a set of built-in functionalities for all essential ecommerce transactions.
About ApolloX.
The platform aims to create a blockchain-based ecosystem for every ecommerce aspect. It is designed to enable ecommerce services and applications in a manner that is equitable and efficient beyond the present standards of the industry. The implementation of this model will allow ecommerce cost to reduced up to 40%. Their main aim is to establish an ecosystem that thrives on community.
Features of ApolloX.
- It has an Attribution Protocol which keeps every transaction and ecommerce activity in decentralized databases.
- The Attribution Protocol also helps to track the traffic source of each visit on the ApolloX platform, and incentivize community members who share shops or products through their social networks.
- Affiliate sales and referral traffic are managed via the Attribution Protocol. Which gives sellers ability to review the performance of ads from all channels.
- Publishers get paid directly by sellers, with no involvement of third party agencies and their commissions from the equation.
- Allows verification for each participant on the blockchain with integrity of the data and permissions.
BENEFITS OF APOLLOX
ApolloX protocol: The protocol layer allows easy access for anyone in every part of the world to be able to build decentralized e-commerce services and applications on blockchain.
ApolloX community: It will converge manufacturers , customers , sellers , technologists and service providers from every part of the world together. Also community members will be given chance to earn token.
Market centre: The platform provides a decentralized market place where users across the world can be able to sell and buy goods and services via blockchain texhnology.
The Team.
The member involved in the team has an existing ecommerce platform known as Apollo Box. Which was initiated in 2016 with over 1 million active users.
Conclusion.
ApolloX platform is built on the experience of Apollo Box, which ensure a high confidence that the team will succeed at their mission. Eradicating traditional e-commerce companies is a big challenge, but the ApolloX team looks ready to transform the industry into one that is more transparent, cost-efficient and fair.
For more information on ApolloX, visit the following links:
Website: https://apollox.network/
Whitepaper: https://apollox.network/downloads/ApolloX_whitepaper_v2.2.pdf
Facebook: https://www.facebook.com/apolloxnetwork/
Twitter: https://twitter.com/apolloX_network
Telegram: https://t.me/apolloxgroup
Author Bitcointalk: Moshaid
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1578037