ApolloX for decentralized e-commerce

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About ApolloX

ApolloX is a decentralized ecosystem for global economy with real world e-commerce applications running on the blockchain. It is a solution with existing participants and mainstream adoption for online e-commerce. ApolloX provides the benefits of new model of complete shipping protection, data, security and minimal commission. Also, it replaces today’s rent seeking enterprise with tokenization and decentralization. Through these solutions ApolloX achieve the aim of the platform. The connection of buyers and sellers is done through ApolloX without any mediators. Thus, it is useful for both buyers and sellers. The existing e-commerce problems are solved by ApolloX and introduce a more truthful and economical trade service. This decentralized marketplace is the core for a better user experience. The buyers and sellers are further benefited with decentralized shopping data exchange and decentralized shopping insurance market. The fuel that powers the ApolloX platform is the ApolloX token.

The solution provided by decentralized marketplace

Every issue faced by e-commerce companies are the strategies they use in their businesses. Traditional internet instead of supporting makes intermediaries a part of the transition. The intermediary companies instead of being the helping hand become the profit seeker. The only solution to these issues is to use blockchain technology in e-commerce marketplace.

✅ Decentralized trust backed by community

All online customers need a guard against fraudulent sellers. Even though people are turned towards larger companies and brands they can sometimes not be trustworthy. Thus, decentralized e-commerce community provides online buyers and sellers the necessary protection they need. In other words ApolloX’s protocol is the guard provided. As the rules of decentralized shops are open to the community nobody can act on their own. For example, all shopping data are stored on the blockchain and if one person wants to make changes other parties are informed as well. The disputes are unavoidable and the arbitration process of the ApolloX protocol will handle these types of disputes. Thus, it’s a fair and transparent method.

✅ Eliminating intermediaries for lower prices

Every e-commerce transaction includes advertising, marketplace, listing, logistics etc. Because of these intermediaries the product is priced five times double. With blockchain technology unnecessary intermediaries are removed and a direct peer-to-peer transaction is established. The estimated price reduction of ApolloX is 40%. This draws a same line of profit margin between buyers, sellers and manufacturers.

✅ Data control by consumer and seller

All sensitive data of ApolloX is encrypted before appending blocks to the ledger. This all shopping data is protected. This is further tightened by allowing only those who posses corresponding key to decrypt. The access to browse, click and purchase shopping activities is only given to trading parties, sellers and customers. Even the ApolloX cannot access them without the permission of the customer. A customer can anytime view a product without leaving the traces. On the other hand a customer can share their data with vendor for their own purposes. This will have added effect on small and medium brands. The transparent data protect these brands from phasing away.

✅ Aligning the incentive of users and platform

The main difference between decentralized and traditional e-commerce company is the organizational structure. The decisions of traditional e-commerce companies at the end hurt their users. On the other hand decentralized e-commerce platform consist buyers and sellers who work for the goodwill of the entire platform. Through incentive platform all the members of the community work for the increase of the profit of the company.

Conclusion

ApolloX uses blockchain technology to solve existing problems in the e-commerce world. It will provide a transparent truthful economical trading facility for buyers and sellers. The essential e-commerce transactions can be performed on this platform. The information of every user is safeguarded. Without any monopolistic middlemen the transparency is established. The end target is to become the first choice of online channels to sellers around the world. Multiple ways are given for users to spend their ApolloX within the ApolloX ecosystem. ApolloX ecosystem is empowered with highly experienced and efficient team. Their aim is to provide the best user experience. In this they use features like decentralized marketplace, independent stores and e-commerce services. Thus, they are armed with extended experience in cross border e-commerce and blockchain infrastructure.

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