ApolloX | The Revolutionized Platform For Decentralized E-Commerce Marketplaces And Services On Blockchain

Ecommerce or online shopping as it is called in local parlance is a great way of shopping. The benefit of shopping over the net is that you have wide range of products and services to choose from and at amazing prices.

Before the introduction of the internet, people often made their purchases from departmental stores and supermarkets. Now, the internet has made it possible for you to shop for any product from the comfort of your bed.

Key examples to the success of ecommerce are China-based Alibaba and US-based Amazon as they have garnered widespread popularity and have provided quality products to its customers.

Problems with Traditional Ecommerce
Ecommerce has problems and the main issue here is its centralized nature. The traditional ecommerce being operated till date uses the Stock Keeping Unit (SKU) model. SKU involves the tracking of an item for inventory purposes. SKU also functions as a product code and is displayed as a machine-readable bar code.

In the traditional ecommerce industry, ecommerce platforms sell products directly and also place their interest above that of the sellers’. This breeds problems such as commoditization. Commoditization here implies that prices are regarded as the only medium of selling a product.

The platform is centralized and key decisions are taken by a few. Governance and control of the platform is taken over by the platform instead of the participants who are pivotal to the success of every ecommerce platform.

There is no trust in the system as information is not verifiable. So the origin, societal significance and genuine aspect of an offering cannot be verified. Collated data are used against the participants.

The problem in the traditional ecommerce industry cannot be undermined because it greatly influences the negativity of the platform. The ApolloX platform is placing its interest above that of the participants. Customers’ quest for transparency and control of their delivery time.

Why ApolloX?
ApolloX was built primarily to bring transparency and distributed transactions to the e-commerce industry.

Protocols – Meeting Existing Pain Points
The e-commerce industry is currently saddled with problem. ApolloX solves these downsides by bringing up working protocols. There is the payment protocol to foster peer-to-peer transactions on the platform.

The reputation protocol restores trust to products and purchases. End-users often rely on reviews from other users. This lets them make informed decision on their purchase. To this end, users can place unbiased reviews of purchased products. With this, you’re sure of getting the best product since reviews are honestly-placed.

Placing targeted adverts is one step of electronic marketing. Inducing users to buy is another. What them becomes the case when a business spends much and gets no sales? ApolloX is hedging this downside by letting businesses have firm control of their customers. Haven gotten buyers, ApolloX allows business retain their customers through loyalty programs. To induce customers the more, they are offered incentives when their referred friends make a purchase.

Brewing Trust
Just as one cannot make the Kingdom of Heaven without belief in God, a business cannot prosper without trust from its customers. ApolloX solves this issue by using the distributed ledger of the block chain. It ensures transactions are not regulated just as users’ data is not compromised. With its P2P transactions, buyers can directly get in contact with merchants.

Leading the Foray to new E-Commerce
ApolloX is creating the necessary steps that would usher the e-commerce industry into a decentralized platform. Though having features of conventional e-commerce, ApolloX backed by the block chain brings distributed transactions to the industry.

The platform is expected to attract fiat marketplace. Likewise, sellers won’t have to pay extra fees accrued to middlemen. Buyers also have protected data and access to products at cheaper rates.

USEFUL LINKS
Website: https://apollox.network/whitepaper
Whitepaper: https://apollox.network/downloads/ApolloX_whitepaper_v2.2.pdf
Medium: https://medium.com/@apolloxnetwork
Twitter: https://twitter.com/apolloX_network
Telegram: https://t.me/apolloxgroup

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