

The worldwide online business showcase is developing quickly and just hints at more development. Combined information from Statistic envisions a 246.15% expansion in overall web based business deals, from $1.3 trillion in 2014 to $4.5 trillion by 2021, now that's about a triple lift in online income. This broad development comes from gross income, online customer and dealers. Nielsen's Global E-Commerce Report demonstrates that the quantity of online customers increments every year by a normal of 16% and will achieve 2 billion worldwide by 2020.

Prior to the presentation of online business, business transactions were handled physically and it was a different trading experience totally. The physical trading gave the buyers the advantage to access the goods properly before buying.

Today, with the advancement of technology, data innovation has likewise indicated parallel and quick advancement. Web based business has turned into another area all alone with the web making the stride in regular daily existence.

Thus, numerous individuals have grasped the utilization of online business in the different types of exchange. This isn't astonishing as individuals think that its simple to get to their coveted merchandise on the web. Asides, a huge number of venders likewise favour online store as it accompanies diminished costs, since they don't need to pay for a physical shop. Asides, purchasers can pay and request for their coveted products from the solace of their bed.

Despite all these, there still exists numerous issues posing as a challenge to the e-commerce;

increase in the amount of goods and services bought

mismanagement of customers data

lack of trust

monopoly of e-commerce business

INTRODUCING APOLLOX

AроllоX is a decentralized platform built on the ethereum blockchain proposed to handle e –commerce transactions using the cryptocurrency. Apollox platform gives an exceptionally agreeable stage to merchants who have cross fringe offering needs. It additionally suits old commercial centre and shop as the stage highlights cost decrease, enhanced brand acknowledgment and quicker client incorporation. The Apollox platform aims at eradicating the activities of middle man in the e-commerce sectors that increases the amount of goods by inflating their prices. Transaction in the Apollox platform is mаdе straightforward and free frоm human mаnірulаtіоn.

APOLLOX PROTOCOL MODULES

In the decentralized web based business ecosystem, all exchanges of cash and delicate data will be kept up by a brilliant contract framework. ApolloX Protocol is an arrangement of inherent functionalities for all fundamental web based business exchanges and network engineers are urged to fabricate more highlights set over the framework.

The protocol modules is however subdivided into

1- Attribution Protocol

2- Payment Protocol

3- Arbitration Protocol

4- Reputation Protocol

5- Oracle and Data Protocol

We are going to look at the Reputation Protocol and if you want more insight, then click the link for full detail https://apollox.network/whitepaper

REPUTATION PROTOCOL

I decided to share more ideas on this because to me, it entail the overall being of a project and its what encompasses the rest, infact its like a driving force.

Clients depend vigorously on the surveys and evaluations of items and dealers on a commercial center to settle on choices on their shopping decisions. Hence, it is vital to keep individuals from controlling the audit framework and energize bona fide surveys from confirmed purchasers. To achieve this, ApolloX Reputation Protocol is made to remunerate legitimate surveys and punish fake audits. and in a situation whereby a fraudulent review is posted, the poster loses some part of their token and banned from posting further reviews

USE CASES OF APOLLOX

Decentralized Marketplace : this is where all exchanges will happen. Traders, merchants and purchasers can meet up without a broker and appreciate exchange at a sensible cost.

Autonomous Web Store Powered by ApolloX: The Apollox will outfit individuals with the capacity to have their stores on it. The Apollox system will make this conceivable through the blockchain organize.

Web based business Services Integrated with ApolloX: This provides decentralized shopping experience to its customers or clients

APOLLOX TOKEN

APXT tokens will be utilized as a task unit in reliability and reward programs. For this situation, tokens can be utilized to get cash orders. Apollo tokens will be utilized as an installment instrument for coordinations administrations. What's more, supporters may utilize interpretation, showcasing exercises, and so on for the administrations they provide for the vender. they can get a token for. Clients will likewise get a specific measure of tokens to make a shopping record and offer shopping accounts. The token holders who hold the token resources for a specific timeframe will get a Premium Status.

SUMMARY

The ApolloX stage energizes simplicity of exchange, comfort, client certainty and cross-outskirt exchanging the web based business area. By dispensing with the troubles and issues that go with the brought together framework through a decentralized stage. With the Apollox platform, purchasers and merchants around the globe will have the capacity to meet up and have a fruitful exchange. Outsider and all its impact (expanding the general cost of merchandise) will be disposed of.

For more insight on the project, click the links below;

Website: https://apollox.network/

Whitepaper: https://apollox.network/whitepaper

ANN Thread: https://bitcointalk.org/index.php?topic=4797667.0

Telegram: https://t.me/apolloxgroup

Twitter: https://twitter.com/apolloX_network

Facebook: https://www.facebook.com/apolloxnetwork/

Writer: oly4life

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