Over the last twenty years, the net has modified the approach folks search and sell. Thousands of on-line outlets are created for folks to browse and buy things while not the limitation of physical location and operation hours. Despite providing customers with Associate in unequalled convenient and straightforward searching expertise, on-line searching has created 2 problems.
Dishonest sellers and customers receiving broken or poor quality product. Since e-commerce customers don’t have the possibility to check or bit a product head to head before they purchase, the concern of scam or fraud sellers affects the acquisition call and ends up in higher come back rates of e-commerce businesses compared to Brick and Mortar stores.
To overcome these 2 problems, a unique marketing model was developed within the e-commerce business and this model created 2 of the biggest e-commerce giants: Amazon and eBay. Each of those firms behave as a middleman between the $64000 client and merchant to handle payment escort and dispute settlement. This centralized business model evidenced economical and each Amazon and eBay are currently 2 of the foremost established and powerful e-commerce businesses.
The global e-commerce market is growing speedily and solely shows signs of additional growth. Accumulative knowledge from Statista anticipates a 246.15% increase in worldwide e-commerce sales, from $1.3 trillion in 2014 to $4.5 trillion in 2021.That’s nearly a threefold carry in on-line revenue.
Current problems with E commerce
Gaining client Trust for on-line Store is dear
Excessive Commission on Centralized Marketplace
Data Silos result in Unfair Competition
Expensive advertising disbursement and big Middleman Fee
Bait-and-Switch theme of Centralized Platform
ApolloX is that the terribly initial blockchain resolution for on-line e-commerce with an oversized variety of existing participants and thought adoption. It additionally has the potential to disrupt the prevailing on-line marketplace landscape and become the primary alternative of on-line channels to sellers globally, particularly new sellers with cross border marketing wants. Existing marketplaces or outlets may additionally migrate their business to ApolloX platform for price reduction, quicker client acquisitions and higher complete recognition.
ApolloX as resolution for these problems
Decentralized Trust Backed by Community
A localized e-commerce community can for the primary time give mutual protection to on-line patrons and sellers while not a centralized company. In alternative words, the trust is provided by the full community’s agreement through the execution of the ApolloX Protocols.
Eliminating Intermediaries for Lower costs
Current e-commerce systems have varied intermediaries in each method of the e-commerce group action, as well as advertising, marketplace listing, logistics, etc. This typically ends up in a product being priced at 5X its producing price. By upgrading the full scheme to blockchain based mostly platform, we will cut-off inessential intermediaries and conduct additional peer to- peer transactions.
Date management by client and Sellers
On the ApolloX Protocol, all searching activities, as well as browsing, clicking and buying, ar solely accessible by the commerce parties, the sellers and customers. While not gaining permission from the shoppers, no third party, as well as the ApolloX platform, can have access to searching behavior knowledge.
Aligning the motivation of Users and Platform
Decentralized e-commerce is formed of an oversized variety of normal users, as well as sellers and patrons, World Health Organization are all driven by the blockchain protocol, impromptu organized and dealing for the event of the complete platform.
Role of ApolloX in E commerce
The common roles in Associate in e-commerce scheme are the subsequent. In actual operations, they convert to every alternative or have multiple roles at an equivalent time.
Buyer
Refers to the role of buying product within the e-commerce system. A client pays a particular quantity of cash and expects the purchased product to be delivered on time.
Seller
Refers to the role of marketing product in e-commerce systems. Sellers usually have their own channels of buying and trust commerce spreads to create profits.
Service Provider
A service supplier refers to the role of providing sellers with Associate in Nursing advertising service or provision service. This includes search advertisements, click advertisements, and email advertisements, social influencers’ advertisements and then on.
Platform
Refers to the business managing the web site at intervals the normal ecommerce system. A standard marketplace typically give sellers with a series of service integration plans and takes an oversized commission from the seller's sales.
For More Details of ApolloX:
Official Website: https://apollox.network
Whitepaper: https://apollox.network/whitepaper
Telegram: https://t.me/apolloxgroup
Twitter: https://twitter.com/apolloX_network
ANN Thread: https://bitcointalk.org/index.php?topic=4650252
Post By Anton De Mel
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1770640