Apollox protocol is aimed to empower a new generation of decentralized e-commerce on a global scale. Apollox focuses on the development of decentralized e-commerce services and applications based on the blockchain technology. Apollox is known to make use of decentralization and tokenization in order to replace the rent-seeking corporations with a brand new system of complete data security, shopping protection, and minimal commission.
In the past two decades, the world has witnessed the rise of several online giant shopping sites. However, because of the centralized nature of these e-commerce sites has given rise to numerous problems that are yet to be solved. Some of the main problems to mention are unfair pricing, data abuse, hidden costs and more. All of these problems that are faced by the e-commerce sites are based on the centralized nature of the system.
In response to this, Apollox has come up with a solution in order to remove these problems. Apollox has launched it’s new blockchain based platform that empowers decentralization within the e-commerce world. The main objective or mission of Apollox is to disturb the current e-commerce industry and provide everyone with the benefit of trading through a decentralized platform. This will eliminate the unnecessary costs that are incurred from the monopolistic intermediaries.
Apollox also makes use of APXT utility tokens that are used for a variety of functions within the platform. With the help of a new model of decentralization and tokenization, Apollox seeks to introduce a new structure of complete shopping protection, minimal commission, and data security. It is believed by Apollox that with the implementation of their platform all these problems can be put to an end. They also aim to establish an ecosystem that thrives on community.
Here is the summary of the solution that is offered by Apollox in order to solve the problems faced by the current e-commerce industry.
With the execution of Apollox protocol trust can be provided by the community consensus.
In the current e-commerce model, we actually pay 5 times more for a product. But with the help of the blockchain technology, this unnecessary cost can be cut down to a great extent. This will result in lower prices of goods.
The main thing about blockchain technology is its capability of encrypting important information and then storing it on an immutable ledger. If you wish to access the information then you have to do so with the help of your private key. Apollox allows only buyers to access their purchasing and browsing history. In fact, the buyer can also choose to remove their history from the browsers. Thus, it provides complete security of your data.
Thus, it can be concluded that Apollox is aimed towards transforming the entire e-commerce industry of the world into a decentralized one. This will help solve many of the problems that are currently faced by the industry. You can read more about this on the internet.
