Apollox: Fostering Decentralized E-commerce Main Topics

The internet has changed the way we interact. It is now common practice to hold virtual programmes through the net. The internet is not limited to chatting. Traditional trading had evolved lately. With the advent of e-commerce, many companies now seek for more exposure for their products.

Believed to have over 1 billion users, the internet is perhaps a better channel to trade. However, there are bed bugs in the system. One cannot help but wonder why few companies had been in control of the virtual market for years.

The likes of Amazon and eBay are forces to reckon with in e-commerce.

A customer for instance, might have a feet of clay placing orders on Alibaba because he is not sure of getting his product. Lack of trust in the cusomers' part is one out of many problems facing the e-commerce industry.

There is also calculated ploy by merchanta with the aim of extorting the end-user. Customers often complain of low-quality goods being sold to them.

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Haven being in the industry for some time, top e-commerce sites calling the shots do not have any intention of leaving the spotlight. They rather integrate start-ups into their fold and make a killing out of them. Partners with such companies are saddled with high fees. More worrisome is the inordinate practice of retrieving user's data. They in turn use available information for targeted adverts.

What does AppolloX do?

The block chain technology within its ten-year streak had become a compelling force. Literally all Fiat mountains have fallen under its sledge hammer.

ApolloX is one out of many projects to use the technology.

ApolloX however has its goal patterned towards the e-commerce industry. Baking on the distributed ledger, it hopes to decentralize the industry. AppolloX is not the first platform with this goal but it presents its features for consideration.

Removing Intermediaries and Creating Trust

The success of every business depends on the loyalty of its customers. Customers can only be loyal to a business when they trust such business. ApolloX is fully transparent. Hence, users can have trust on the platform as it has backing from the block chain. The block chain is reputed for its peer-to-peer transactions. AppolloX uses same format and tosses away intermediaries.

Protocol

The platform uses scalable protocol for its transactions. The protocol touches key pain points of conventional e-commerce market. First, most customers easily get fed up with businesses. The reason limited service and loyalty program. Businesses on their part are saddled with

strategies for extending their scope and retaining existing customers. ApolloX fills this gap with its Attribution Protocol. The protocol lets businesses bring transparency to their platforms and in extension, retain customers' trust. There is also ready incentive scheme that will be used as rewards to customers.

You might have read one or more reviews of a product before making a purchase. There is tendency you will discard buying a product of negative feedbacks were much. Through its Reputation Protocol, ApolloX lets users place honest reviews. The Arbitration Protocol takes care of disputes that might arise from sales.

Bottom Line

The e-commerce industry had faced serious challenges in recent years. From last-mile delivery hitches to high fees, it seems the industry is at its lowest ebb. AppolloX is the solution to these problems. With success stories recorded by the block chain, it is expected that the e-commerce industry will get a face-lift with AppolloX.