APOLLOX: GLOBAL E-COMMERCE PLATFORM ON THE DECENTRALIZED BLOCKCHAIN

https://apollox.network

Its researched that ,Many people in the fintech industry would agree that we are all very lucky to be living in this significant moment in time, where blockchain and crypto have only just appeared on the global scene. Fintech has opened up a new world for business, a world with a lot of room for new ideas and developments.

Blockchain technology revolutionized the view on conventional fiat currencies as it enables the mining of decentralized digital currencies. The introduction of Bitcoin changed the world and became the gold standard. Although acceptance of cryptocurrencies among the wider public is still proving challenging as some providers are associated with reputational issues. The overall shift to digital currencies is progressing slowly, and this breakthrough technology has yet to reach its full potential. Blockchain is more than just an aspect of cryptocurrencies. Blockchain technology has wide ranging applications and simplifies business and transaction processes, provides transparency and safety, makes centralized intermediary parties unnecessary and reduces transaction costs. However, blockchain technology-based business models greatly depend on stable energy supply

The APOLLOX platform was therefore created to balance the crypto market by solving all these problems as well as creating a single avenue where all financial services wanted by both new and expert investors can be met to their tastes.

SOLUTION BY APOLLOX

ApolloX is a decentralized platform structured on the blockchain technology with the purpose of creating a more improved and efficient marketplace experience for both merchants and their customers in the e-commerce industry.

This is made possible because this platform firmly believes that only through complete decentralization offered by the blockchain technology can the full potential of the e-commerce industry be realized.

How APOLLOX operates

The ApolloX platform intends to build a strong relationship between sellers and buyers by making activities in the e-commerce platform smooth, highly scalable and making provisions for goods and services at attractive prices for both parties.

To make all these plans successful, ApolloX platform intends to integrate the following features:

Blockchain technology.

Only through the blockchain technology can complete decentralization, smart contracts, proper recording and security be achieved and this is the basis on which this platform is built.

Attribution protocol.

This is a part of the platform’s module that is responsible for traffic control which is a big factor in the success of e-commerce platforms and will be maintained properly on the ApolloX platform and will also make sure that all data such as advertisement data meet required standards at a cheap price that can be seen transparently by the merchants and their customers.

Payment protocol

This protocol is responsible for all transactions relating to payments between buyers and sellers and is also in charge of outsider insurance as well as the possible exchange of fiat currency to the cryptocurrency used by the platform.

Arbitration protocol

This protocol was created by the platform in other to solve disputes or conflicts that may arise between merchants and their customers in the process of purchasing goods. This dispute is solved using a Deposit-Challenge-Vote system where one party can open up the case by depositing a small amount of ApolloX token and the opposite party is also expected to do the same with both of them providing their own argument.

ApolloX Creates Better Data Privacy

It’s time for both the seller and customer to be aware of this data privacy issue and take action. The lost transparency of data usage and the manipulation of data negatively affects the consumers and sellers. ApolloX has many perks for customers and sellers. We want you to have full control of your data.

ApolloX blockchain is permission enabled and provides privacy by encrypting all sensitive data before appending blocks to the ledger. Encrypted data can only be decrypted by a user in possession of the corresponding key. On the ApolloX marketplace, all shopping activities, including browsing, clicking and purchasing, are only accessible by the trading parties, the sellers and customers.

That's states that No third party, including the ApolloX marketplace itself, will have access to shopping behavior data without gaining permission from the customers.

Users can choose to voluntarily share their data with certain vendors or service providers on the ApolloX blockchain, in order to gain personalized services or rebates.

By enabling this opt-in advertising, customers can control what products or services they want to learn more about through ads, and sellers can lower their acquisition barriers and costs because they’ll have better understanding of each customer. Eventually, sellers will save on their advertising budgets and pass them to their customers as rewards. Alternatively you can choose to not leave any history of viewing a product.

On a decentralized blockchain each participant can verify the integrity of data with permissions, creating transparent data flow between brands and publishers to reduce middleman cost. Thus the attribution for traffic and advertisement can be done on any node without employing a centralized company by both sides. Sellers can review the performance of advertisement from all channels and publishers will get paid by the outcome directly from the sellers without layers of third-party agencies charging commissions.

Data privacy should be a priority to all marketplaces, sadly it’s not. As a decentralized blockchain marketplace, ApolloX is switching up the system and focusing on a new priority, the users.

Benefits of the APOLLOX

This platform with the use of decentralized blockchain technology provide a better avenue where buyers and sellers can meet to conduct their business securely, enjoy fair prices as intermediaries that increase cost have been eliminated.

Users of this platform do not have to worry about the security of their data as it secured on the blockchain and can only be accessed by only authorized persons.

Token information

The token of this platform is known as ApolloX token and can be gotten as rewards by users who invite their friends and family to the platform as well as for informative posts about the platform on social media.

Conclusively,

I will be glad with intention to state that the thoughts introduced in this article is only a rundown of the colossal potential outcomes that the ApolloX venture holds and offers to corporate elements and even individual clients. I, consequently, firmly prescribe everybody to peruse the ApolloX whitepaper for a superior handle of this tremendous wander. The following are some other valuable connects to enable you to stay up to date with the ApolloX venture.

For more detailed informations, visit:

Website: https://apollox.network

Whitepaper: http://www.apollox.network/downloads/ApolloX_whitepaper_v1.0.pdf

Medium: https://medium.com/@apolloxnetwork

Twitter: https://twitter.com/apolloX_network

Reddit: https://www.reddit.com/r/ApolloX/

Authorship: joecolernBTT profile link- https://bitcointalk.org/index.php?action=profile;u=2246034