Apollox Protocol Apollox Protocol- World’s Future Decentralized E-commerce Platform.


Greetings to you all readers, in this article i will be discussing what exactly this brand new and pathfinding innovation(Apollox) is all about and i will appreciate your standing by till the end.

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APOLLOX OVERVIEW
ApolloX is the very first blockchain solution for online e-commerce with a large number of existing participants and mainstream adoption. It also has the potential to disrupt the existing online marketplace landscape and become the first choice of online channels to sellers globally, especially new sellers with cross border selling needs. Existing marketplaces or shops may also migrate their business to ApolloX platform for cost reduction, faster customer acquisitions and better brand recognition.
ApolloX Protocol will be handled by the arbitration process of the ApolloX Protocol to ensure its transparency and fairness. As a result, customers will feel comfortable and protected while shopping on an online store powered by the ApolloX Protocol. In the event that they happen to get into trouble with a fraudulent seller, they realize that their support case will be reviewed and decided by the community through a fair and transparent process, not by the seller or any other centralized company who just profits from the success of the transaction.
ApolloX Community
A fast growing community of manufactures, sellers, customers, service providers and technologists. Community members contribute and get rewarded for providing value to the whole community.

Decentralized Marketplace: to buy and sell without intermediaries

We are working to disrupt today’s e-commerce marketplace industry and provide everyone all the benefits of trading through a marketplace like Amazon without the unnecessary costs that come from monopolistic intermediaries.

                               Why Decentralized E-Commerce?

Trust is the most expensive commodity
Pay excessive commission for endorsement
Smart Contracts and Community arbitration provides trust at zero cost
Data Monopoly brings unfairness
Consumers lose private data. Sellers face unfair competition with marketplace platform
Transparent data access control by both consumer and seller
Aligning Incentives for Platform and Users
Platform prioritizes profit over the value of each user’s interest
Tokenization aligns the incentive between the platform and users and promotes healthy growth

                                       PROTOCOL

Attribution Protocol
Rewards community for referral traffic and affiliate sales
Payment Protocol
Securely transfers payment between buyer and seller to prevent frauds and accelerate turnarounds
Reputation Protocol
A trustable review system for products and sellers. Rewards authentic high quality reviews and penalizes fraudulent behaviors
Oracle and Data Protocol
Trustable data IO between ApolloX platform and external apps to amplify the value of data in ApolloX platform
Arbitration Protocol
Resolves disputes in a transparent and efficient way through stake and challenge with rewards
Community Built Protocol
Soon all ApolloX members can build their own protocols that will best serve and advance the ApolloX community
Attributes of Apollox Protocol
  • There is a Transparent Data Flow between Shops and Publishers- here, each participant on the platform can verify the integrity of data with permissions.
  • Token Based Incentive for Community Driven Traffic- incentives are given to ApolloX community members to encouraged them share products or shops to their family
  • Shipping Time Guarantee by ApolloX Payment Protocol- A smart contract for that shipping time guarantee will be created once the order is placed and executed based on the delivery status

ApolloX Token Economy

ApolloX Token (APXT) is designed to facilitate transactions within ApolloX ecosystem and promote positive contribution to the community.
There are multiple ways for each role to earn and spend APXT in the ecosystem.
  • Earn for sharing social accounts. Customers can earn APXT by opening accounts and connecting social networks.
  • Pay for services on ApolloX network. Sellers need to pay for platform service fees such as advertisement and search ranking with APXT.
  • Rewards and Affiliate Program. Members bring in affiliate traffic earn APXT as rewards for affiliate orders.
  • Perks for members holding APXT. Premium members who hold APXT tokens receive perks such as discounts in purchasing and free service.
  • ICO Details

Roadmap
Dec 2017, Apollox team forms to explore the blockchain technology for e-commerce
March 2018, Apollox releases white paper and private sale
Q3, 2018, Apollx beta testing of marketplace X (front end)
Q4 2018, Apollox beta testing of ApolloX Protocol (database, web app)
Q1, 2019, Apollox releases beta version of Apollo X Protocol open source code
Q2, 2019, Apollox public testing of ApolloX marketplace with global access
Q3 2019, Apollox Box starts migrating businesses to run on ApolloX
Q4, 2019, ApolloX starts to accept public application of sellers
Q2, 2020, ApolloX becomes a fully decentralized service
For more detailed informations, visit:
Authorship: Joecolern
BTT profile link- https://bitcointalk.org/index.php?action=profile;u=2246034

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