Home / Tech News / ApolloX Decentralized Marketplace Promises E-Commerce Buyers and Sellers Full Transparency and Lower Fees

ApolloX Decentralized Marketplace Promises E-Commerce Buyers and Sellers Full Transparency and Lower Fees

SANTA CLARA, Calif.–(BUSINESS WIRE)–June 13, 2018–

ApolloX is proud to announce the release of its decentralized international blockchain platform, that may empower long run e-commerce companies with believe, transparency, knowledge possession and minimum charges.

The ApolloX platform, which is constructed on blockchain generation like good contracts, is incorporating decentralized e-commerce packages and products and services to create an open and democratic ecosystem. Right here patrons and dealers can without delay attach and feature an optimized on-line buying groceries enjoy with out monopolistic intermediaries.

Each transaction on ApolloX is peer-to-peer, except for all middlemen. This protects dealers from paying additional charges and provides customers decrease product costs. On the identical time, ApolloX protocol protects each events from fraud and disputes with good contracts and group based totally arbitration at no additional price. All buying groceries knowledge is encrypted and permission enabled, handiest out there to carrier suppliers with the buyer’s permission, which in the long run solves privateness problems and reduces unfair pageant.

As a decentralized platform supporting e-commerce retail outlets, the ApolloX protocol itself is controlled and checked by means of all individuals and stored open supply. Each side of ApolloX, from the token financial to the consumer enjoy design, is constructed to advertise and praise sure group contributions from patrons, dealers, producers, and repair suppliers.

ApolloX founder and CEO Will Li believes that extra manufacturers will use decentralized e-commerce platforms as their number one on-line gross sales channel as a result of they provide transparency and independence.

“Nowadays’s e-commerce trade forces dealers to pay anyplace between 25% to 50% of the sale value to achieve visitors and believe. Blockchain generation and token economic system is a promising answer. Through rewarding sure group contributions, ApolloX can scale back the price of visitors and believe by means of greater than 50% and shape a clear and equivalent e-commerce atmosphere. Merchandise shall be 10% inexpensive and also you’ll by no means have to fret about scams or disputes when buying groceries on a brand new web site. That is going to be a innovative shift in e-commerce,” says Will.

The ApolloX platform is being created by means of the workforce in the back of Apollo Field, a Silicon Valley based totally e-commerce corporate that has over 800 distributors, with regards to 1M lively customers in america and has been featured in outstanding publications like BuzzFeed, HuffPost and TechCrunch. Product of people from notable colleges and firms like MIT, Stanford, Duke, Newell Rubbermaid and Google, the ApolloX workforce has in depth enjoy in go border e-commerce and blockchain infrastructure.

Nowadays ApolloX has finished their angel spherical funding and is subsidized by means of notable traders Amino Capital and Hofan Crew. The ApolloX Token Pockets is now built-in into the Apollo Field app and the ApolloX beta is scheduled to release in December 2018.

For more info, please discuss with https://apollox.community/.

gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw== - ApolloX Decentralized Marketplace Promises E-Commerce Buyers and Sellers Full Transparency and Lower Fees

ApolloX
Jannelle Garcia
jannelle.garcia@theapollobox.com

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