ApolloX is a hierarchical ecosystem for global ecommerce. Develop an e-commerce protocol to allow real-world e-commerce applications to run on the blockchain. Connect buyers and sellers with trust and transparency, without silo information and exclusive intermediaries. With unique blockchain technology, ApolloX brings benefits to both consumers and sellers.
If you are a trader, or a chain of supermarkets and online retailers, you can not ignore this project
Below is detailed information about the project:
According to the Whitepaper
The global e-commerce market is growing rapidly and only shows signs of growth. Cumulative data from Statista predicts worldwide ecommerce sales to increase 246.15% from $ 1.3 trillion in 2014 to $ 4.5 trillion by 2021, 3x fold
This is an opportunity but also a big challenge ? Why in e-commerce need to decentralize?
This is because in today's e-commerce market there are many outstanding issues, including major transaction cost issues that even Alibaba or Amazon are facing with many problems not solvable.
1 . Trust is the most expensive commodity
- Problem: Pay excessive commission for endorsement
-Solve: Smart Contracts and Community arbitration provides trust at zero cost
2 . Data Monopoly brings unfairness
- Problem: Consumers lose private data. Sellers face unfair competition with marketplace platform
- Solve: Transparent data access control by both consumer and seller
3 . Aligning Incentives for Platform and Users
- Problem: Platform prioritizes profit over the value of each user’s interest
- Solve: Tokenization aligns the incentive between the platform and users and promotes healthy growth
According to the Whitepaper: While domestic online sales are growing in almost every country, cross-border e-commerce will have the most explosive growth and the Asia Pacific region will lead the way. Forrester forecasts cross-border e-commerce outpacing domestic growth with a compound annual growth rate of 17% between 2017 and 2022, compared with 12% for overall B2C e-commerce.
A huge revenue source, and with the ApolloX payment platform, can pay up to 5 times the amount that product costs to produce for convenience. Every link in the supply chain is profitable. By deploying blockchain technology for the platform, ApolloX is moving closer to performing peer-to-peer business. The ApolloX team predicts a 40% reduction for consumers by eliminating intermediates with blockchain.
If you are a trader, or a chain of supermarkets and online retailers, you can not ignore this project
Below is detailed information about the project, read more here:
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Bitcointalk name: datmacro
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