APOLLOX - A DECENTRALIZED E-COMMERCE PLATFORM.

Cryptomonger

Researchers proved that the 21st century is very significant in many ways. This is the generation of the internet coupled with the latest innovation Blockchain; the revitalizing and praised the discovery of other technologies. The importance of these advancements are so enormous that it's been adopted by many field of life.

The concept of cryptocurrency has made tremendous efforts towards evolving and revolutionizing the income generating sector through the utilization of blockchain technology, it has led to the monetization of many fields of human endeavor which were formally considered not viable, making innovations the order of the day whilst having the satisfaction of the customers’ needs most paramount in the dispensation of its services.

While these new blockchain projects and the crypto entrepreneurs behind them differ greatly from one another in many ways, they are all early adopters who have embraced a disruptive technology before the masses. Virtually all of these new varying blockchain projects will require critical data to optimize their performance in this new business paradigm. As the reconfigured, efficient, and transparent way for these businesses to access the data and information they need to succeed.

With e-commerce offering speed, ease and convenience to customers through online shopping platforms, people are ready to embrace it. Online shopping allow people to buy and sell things comfortably anywhere and at anytime. But with the goodies come some customer related concerns like security of their identity and information.

The current model has already proven itself to be insufficient, and the consequences of inaction could impact not just retailers themselves, but millions of users across the globe. The fact that the current model need decentralization and a lot of innovations leads to the invention of APOLLOX PROTOCOL ECOSYSTEM.

READ MORE ABOUT THE PROJECT.

APOLLOX is an ecosystem with decentralized payment, which seeks to increase the implementation of blockchain technology in everyday life around the world. APOLLOX IS the first company in the world to combine the benefits of e-Commerce and payments industries; to provide end-product solutions for e-Commerce, Cryptocurrency Touch & Pay cards, online cryptocurrency payment.

The purpose of the APOLLOX is to be an important part of everyday online shopping.

APOLLOX will addresses fundamental problems in the e-commerce and cryptocurrency economies. Firstly, retailers online and offline offer restrictive reward systems bundled with their services - they are often of little value to the consumer given their limited nature. Reward systems in E-commerce as a whole are underutilized due to the lack of technological investment. Coincidentally, many companies find it difficult to provide attractive reward schemes as they risk undervaluing their services.

Secondly, the complex barrier to entry into the cryptocurrency market limits the potential value of the crypto market as a whole. The technologies surrounding APOLLOX are strategically built for the platform to support a ‘Unified Reward System’ - ensuring ease of adoption and maximising consumer outreach. While the ‘Unified Reward System’ makes it possible to standardize reward tokens across industries, the APOLLOX token will also allow regular customers to have a stake in the rapidly expanding cryptocurrency world - benefiting all parties involved.

THE FOLLOWING ARE THE VARIOUS UNIQUE IMPORTANCE WHICH MAKE THE APOLLOX PROTOCOL ECOSYSTEM DIFFERS FROM OTHER PLATFORM.

1. Decentralized Trust ; Instead of relying on an entire company to maintain trust between buyers and sellers, the execution and utilization of ApolloX protocols means trust will be provided by community consensus.F or example, if a buyer runs into problems with a fraudulent seller, they know their case will be reviewed by a group of their peers. Their centralized equivalent would profit from the success of the transaction, regardless of the damage done to the buyer.

2. Lower Prices ; With the current ecommerce model, we pay up to 5 times the amount an item costs to manufacture for convenience. Every link in the supply chain is taking a profit. By implementing blockchain technology to the platform, we’re closer to conducting business peer-to-peer. The ApolloX team anticipates a reduction of 40% for consumers by eliminating middlemen with the blockchain.

3. Data Control ; Inherent in blockchain technology is the ability to encrypt sensitive information and store it on an immutable ledger. If the information needs to be accessed, a user is able to do so with their private key. ApolloX only allows buyers to access their browsing and purchasing activity. Buyers can even choose not to leave any activity history. By having access to this valuable information, users can voluntarily share their data with service providers on the network to earn rebates or personalized services.

THE PROJECT’S ROADMAP.