Internet has changed the way we live. It becomes a part of our life. Without internet world stops. Internet is the necessary evil. In the similar passion, internet has changed the way we shop today. We can now buy anything online from electronic items to agriculture products, groceries and kitchen products etc with just few clicks. Online shopping provides a convenient way to buy products from anywhere around the world and getting it delivered to home.
But there is also a dark side of the online shopping; dishonest sellers often send damaged or fake products to buyers. They often take advantage of online platform, where buyers not able to check the quality of the product by the way of touching it. So sellers often display different product images and deliver different quality products. Buyers have no choice left.
To overcome these issues, large e-commerce organizations acts as a middlemen who protect buyers from getting fraud. But in order to provide a better service they often charge high fees. They have large database of users private data, which they use to target product ads to right audience. This helps to increase sales. Users have very little control over their private data stored with these large e-commerce organizations.
Apollox is here to provide a blockchain based solution to e-commerce industry problems. By decentralization, e-commerce market becomes more transparent and trustful.
Project objective
The main objective of the ApolloX project is the implementation of blockchain technology in e-commerce marketplace. With this it becomes more transparent and trusted. Users data is completely secured and they have full control over their data. In a decentralized manner, Apollox process every selling and buying operations in a centralized way. With this, there is no middle and the process fee becomes very less.
Principle of Operation
Apollox is a blockchain technology powered decentralized e-commerce ecosystem. With decentralization, there is no need of any intermediaries.
In present e-commerce marketplace, large corporations acts as a middlemen to provide service to buyers. Because of the brand they created, people blindly trust on them and shop. But even though, many other large corporations are not trustworthy.
So in ApolloX, a decentralized e-commerce community is here to provide mutual protection for buyers and sellers. Every shopping data is stored on the blockchain. So if any dispute about a shopped transaction arises, then it is solved using arbitration process of Apollox protocol. Here the decentralized Apollox community will review the support case and decide the appropriate solution based on community consensus.
Due to the large number of intermediaries, the product cost goes upto 5x of its manufacturing cost. By implementing blockchain, Apollox cuts unnecessary intermediaries and reduce the product price upto 40%.
On the Apollox platform users have full control over their data like personal data, browsing history, their product interests etc. All the data on Apollox platform is encrypted and cannot be accessible to anyone including Apollox without user's permission.
Apollox's token centric organizational structure makes it valuable. With this model, service providers, customers and platform owners work towards the growth of the Apollox platform thereby increasing the value of Apollox token.
Benefits of ApolloX ecosystem:
• Apollox provides a truly decentralized e-commerce platform
• Blockchain implementation brings transparency and trust
• With Apollox blockchain, independent stores get more power and maximize their sales
• Apollox eliminates middlemen and charge very minimal fee for the usage of platform
• Apollox cuts unnecessary intermediaries, which helps to reduce the product price upto 40%
• Users have full control over their data on the Apollox platform
• With ApolloX, service providers, customers and platform owners all get benefited
Token structure
Token distribution
Team
Roadmap
Conclusion
Apollox is here to bring a decentralized e-commerce platform. Today it is very necessary; decentralization ends the monopoly. Which brings the full control in the users hand. Blockchain technology brings the highest level of transparency and trust. Apollox charges minimal fee and helps to reduce the product price by 40% by eliminating unnecessary intermediaries. It is a very promising and use case project.
Learn more about Apollox:
Website: https://www.apollox.network
Read whitepaper: https://www.apollox.network/whitepaper?utm_source=bitcointalkAnn
ANN thread: https://bitcointalk.org/index.php?topic=4650252
Telegram: https://t.me/apolloxgroup
Facebook: https://www.facebook.com/apolloxnetwork/
Twitter: https://twitter.com/apolloX_network
Reddit: https://www.reddit.com/r/ApolloX
About Author:
Bitcointalk username: Abhijeetcg
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1676105;sa=summary
ETH address: 0x96e95a1F40cf5a50178053740ADE18046815362d
