Time is very important and every second is been counted in the today's internet driven society. Internet has made our life very faster, it connects the world on a finger tip. Most of our today's work is rely on internet. Almost every business today runs on internet. It also changed the way we to do shopping today. Going to a supermarket, showrooms, malls etc consumes a lot of time but this has been replaced by online shopping. Online e-commerce provides an easy and convenient way of shopping every product with just few clicks and products get delivered to home. This method of shopping not only saves customer's time but also provides huge discounts and reduces physical strain.
The e-commerce marketplace worths trillions and every person around the world chooses online shopping rather than offline retail shopping. There is no doubt that online shopping is far more better than retail store shopping but there are many fundamental issues present with online shopping. In online shopping, buyers have to judge the quality of the product by just seeing the displayed images, there is no other choices left with the buyers. Without touching a product, it becomes very difficult to check it's quality. And in most cases customer receive's fake or different products than they saw on the website. Many sellers takes this situation as an advantage and tries to fool the customers by delivering fake products. But large e-commerce corporations tackle this problem by acting as a trusted middlemen who takes the responsibility of buyers protection. That's why Amazon and eBay becomes the most trusted e-commerce corporations around the world.
But these big corporations charges a very high amount of fee to provide a better service. With this not only seller's get suffer but also buyers.
Apollox platform comes with an unique solution to overcome these issues. Let's discuss about this amazing project.
Project objective
The main aim of ApolloX project is to create a Decentralized online e-commerce marketplace where there is no monopoly of corporations exists. Blockchain technology provides highest level of transparency, security for users data and trust on the platform. With these features not only seller's but also buyers get benefited.
The ApolloX Project
Apollox is a blockchain technology powered decentralized online E-commerce platform. Decentralization eliminates the need of intermediaries to function.
In today's marketplace, Large corporations acts as a trusted middlemen and takes the responsibility of products. Because of this, buyers shop with mind free. But to provide this trusted service they charge high fees which ultimately reduces sellers profit and increases products of price upto 40% of its manufacturing cost.
To overcome this monopoly issue of large corporations ApolloX introduced a decentralized e-commerce community. This decentralized community is here to provide a mutual protection for sellers and buyers. Every shopping data stored on the blockchain is incorruptible. So if any dispute arises, then it will be resolved using arbitration process of Apollox protocol. The decentralized community review the case and based on community consensus it resolves the issue.
In traditional e-commerce marketplace, a very large number of processes and intermediaries involved. Because of them the price of products increases upto 5x times the manufacturing cost. With Apollox blockchain, we can reduce the unnecessary intermediaries so that the price of the product reduces by 40%.
Users personal data stored on the e-commerce website is a major concern. Users have no full control over their data. The data includes, users personal information, browsing history and their product interests etc which help large corporations to target ads for better sale. On the Apollox platform users data is encrypted and stored on blockchain. Here users have full control over their data and without their permission no one can access it, not even Apollox platform itself.
By tokenization model Apollox makes the organizational structure more valuable. Thus customers, service providers and platform owners work towards the growth of the platform, which intern increases the token value and everyone gets benefited.
Advantages of Apollox platform:
• The decentralization ends the monopoly in the E-commerce marketplace
• With this, E-commerce marketplace becomes customer centric
• Blockchain adoption makes every process and actions transparent, secure and trusted
• Blockchain provides equal opportunity for independent stores to grow
• It eliminates the intermediaries and middlemen concept
• No middlemen fees required
• Product cost reduces to 40% than it's earlier prices
• Users data is encrypted and they have full control over their data
• Token centric model helps to grow the platform and with this every market player get benefited
Token structure
Token distribution
Team
Roadmap
Conclusion
ApolloX is here to Revolutionize the e-commerce marketplace. The decentralization makes it more efficient and true customer oriented. Blockchain improves the trust and transparency on the platform. With this not only seller's and but buyers get benefited. Apollox's organizational model helps to grow every player of the platform which ultimately grows the Apollox Ecosystem itself. It is a very promising and use case project to invest.
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
