最后更新
2018年11月7日
The rise of the ecommerce industry in the last 2 decades has led to the emergence of giant online shopping companies such as Amazon, eBay and Alibaba. However, the centralized nature of this industry has created issues of unfair pricing, hidden costs, data abuse and more.The problems that the e-commerce industry is facing are based on their centralized model.
ApolloX solves the above problems with a blockchain-based protocol that empowers decentralization in the e-commerce industry. ApolloX is to disrupt today’s e-commerce marketplace industry and provide everyone all the benefits of trading through a marketplace like Amazon without the unnecessary costs that come from monopolistic intermediaries.
ApolloX uses tokenization and decentralization to replace today’s rent-seeking enterprise with a new model of complete shopping protection, data security and minimal commission. ApolloX believes that with the implementation of their model, ecommerce costs can be reduced by up to 40%. Their goal also is to create an ecosystem that thrives on community.
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.
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.
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.
ApolloX founding team are from top university and companies including MIT, Stanford, Tsinghua, and Google. ApolloX is also backed by reputable ventures in both US and China: Amino Capital, Redmoon Capital, and Hofan Capital.
ApolloX team has successful track record in building e-commerce marketplace. They founded ApolloBox in 2016 and now has 1 million active users, over 800 global brands, and $15 million annual run rate.
Over 100 global brands and online shops have become members of the ApolloX decentralized marketplace within 2 months since the announcement of the ApolloX platform. Many brands and seller communities positively responded to the new blockchain based marketplace model that ApolloX is building. Based off these reviews, the ApolloX team aims to partner with 1000 stores before the platform’s official launch.
ApolloX will launch with 1 million users and 15 million annual revenue thanks to its strategic partner ApolloBox, a fast growing vertical marketplace in the US. ApolloX users will be able to use both APXT(ApolloX’s native token) and fiat currency to make purchases from ApolloBox and earn rewards.
ApolloX Protocol is a set of built-in functionalities for all essential e-commerce transactions and community developers are encouraged to build more features set on top of the system.
ApolloX’s attribution protocol allows shops to keep existing traffic channels with better transparency and lower costs. It also enables token based incentive for community driven traffic so shops can enjoy lower customer acquisition cost while customers can earn extra money from recommending products to their friends.
ApolloX Payment Protocol handles the end-to-end payment escrow process between buyers and sellers. It also supports third party insurance and the transformation between fiat currency and cryptocurrency on ApolloX platform. ApolloX Payment Protocol can prevent majority of online shopping scams with the help of distributed ledger and smart contracts.
ApolloX Arbitration Protocol solves post-purchase dispute and complaint settlement by employing the popular Deposit-Challenge-Vote mechanic in every dispute handling to ensure transparency and independence. When two members , usually a buyer and a seller, within the community cannot reach agreement on a case by themselves, either one of them can open a case by depositing a smaller amount of ApolloX tokens. The opposite party is required to deposit the same amount of ApolloX for this case and provide their reasoning.
Customers rely heavily on the reviews and ratings of products and sellers on a marketplace to make decisions on their shopping choices. Therefore it is important to prevent people from manipulating the review system and encourage genuine reviews from verified buyers. To accomplish this, ApolloX Reputation Protocol is created to reward authentic reviews and penalize fraudulent reviews.
As a platform for e-commerce business, we rely on certain outside informations to keep the system running, such as logistics data and advertising data. This information will be provided to smart contracts as trusted data through the ApolloX Oracle Protocol.
ApolloX使用Tendermint-BFT构建,可以与Cosmos集成,并支持分布式交换和桥接其他加密货币等功能。出于以下原因,我们选择Tendermint作为我们的首选候选人。首先, 每秒数千次交易的高性能。第二,基于股权的基于共识的共识机制是有效的。第三, 独立的治理机制,可以更快,更清晰地解决操作问题。
电子商务应用程序通常在日常操作中生成大量数据。如果需要将所有数据存储在区块链中,那将极大地浪费资源。因此,在我们的设计中,我们将某些非核心数据存储在链中并存储到分布式数据库中,例如Cassandra或分散式数据存储系统(如IPFS)。
区块链中存储的数据对区块链的每个节点都是可读的,但电子商务应用程序中的大量信息需要隐私保护,例如买方的名称和地址。 ApolloX通过加密隐私数据来处理隐私数据,然后将其存储在相关方中。公钥。例如,默认情况下,只有买方和卖方才能访问订单的详细信息,我们的系统会使用买方的密钥和卖方密钥对订单数据进行加密。加密后,未经买方或卖方授权,任何人都无法读取订单数据。
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注意。未经证实的成员实际上可能不是团队成员
APOLLOX
ApolloX is the first blockchain solution for e-commerce with a huge number of present customers and mainstream adoption. It operates on the rules formed by the community; all related data is kept in the blockchain and as such no single customer can alter them without all other parties knowing. In the event of a dispute, the platform’s arbitration process takes charge ensuring there are fairness and transparency.
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ApolloX is a brilliant idea that is bound to gain traction. The present e-commerce actors exploit both the sellers and buyers and users will gladly adopt this platform. I will be among the first people to invest in this platform.
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