(ANN) APOLLOX PROTOCOL - ELIMINATING THE THREATS THAT PLAGUES THE E-COMMERCE SEC

[Rottip]

Hello members of the great community.

This is a project Review about APOLLOX PROTOCOLS.



The development of Blockchain technology has brought with it different innovative ways of solving existing problems like exchange of value, e-commerce, monetization of intellectual properties and hundreds more. The reality however is that this kind of revolution which has resulted in the creation of thousands of platforms and applications.

Blockchain Compared with traditional database technologies  and centralised systems, blockchain implementations can be relatively cheap and require considerably less IT investment to maintain. However, as the technology is still relatively immature, for the time being these savings on the ongoing operational costs may be offset by significant upfront development costs.

 E-commerce has revolutionised the traditional method people used to exchange things. E-commerce has mobilised everything online and offer speed and convenience to customers through online shopping. People can easily shop for just about anything while sitting on their sofa sipping soda. Unfortunately, with the advantages of convenience and ease of transaction there is the problem of insecurity.

It has always exhibited a tense relationship with cybersecurity. Despite its massive need for better safety measures due to the sensitive nature of the data it collects and stores, ecommerce remains an easy target for hackers. The 2014 hack of eBay, which compromised almost 150 million users’ private information, and even the Target hack in 2013 which did the same for nearly 110 million individuals, demonstrate the very real threat of an ecommerce site being hacked.

Read about how  APOLLOX  will fight against those threats that plagues the e-commerse sectors.




APOLLOX is creating of a new-generation auction and commercial platform based on the blockchain technology, in which data decentralization significantly improves the security of stored data, and multi-node verification guarantees only one version of the truth.

The aim is to distrupt the e-commerce sector with the blockchain technology. It’s provides solution for online e-commerce with a huge number of current participants and mainstream adoption. Its aim is also to innovate the current online marketplace landscape and become sellers and buyers first choice of online channels globally, particularly new sellers with cross border selling needs. Present stores or shops can also decide to move their business to ApolloX platform to reduce cost, quicken customer acquisitions and to increase better brand recognition.

The ecosystem will allow customers to find products more accurately meeting the requirements of recipients, as well as finding the same item with another supplier at a lower price. Suppliers will be able to verify whether the specification of the goods they produce is correctly presented by the sellers. It will also enable tracking the supply chain to check whether up-to-date and real information about inventory levels of suppliers and sellers will allow buyers to obtain reliable information or if the seller actually owns the product and will enable consumers to buy and collect the parcel in the shortest possible time.

APOLLOX leverages smart contracts to make the process of exchanging goods within the ecosystem fast, secure and add trust in the system. It generates secure escrow for two transacting parties. Through this method they are given a money–back guarantee for buyers if the product turns out to be substandard and for the seller, it ensures that the fund for the product they placed on the marketplace is securely transferred to them. The distributed ledger system keeps  funds  secure  and  prevents  any  transaction  participant from having control over the funds until independent delivery services confirms that product is successfully delivered to the buyer using external oracle. If the buyer is satisfied with the quality of product  delivered,  the  payment  is  transferred  to  the  seller  and  the  share  of  payment that is owed to the delivery service will also be transferred.

The main goal of the APOLLOX PROTOCOL is to build the Decentralized Payment Ecosystem for E-Commerce to increase the Blockchain adoption for regular people across the world. The APOLLOX token ecosystem offers unified reward system which any service-providing entities can partake in. This allows virtually any company to further incentive consumption of their service as they provide real value via token distribution and expand their previously limited market of loyalty-reward consumers to the next level.


TOKENS DETAILS

Symbol: APXT;

Token Price: 1 APXT = 0.0055 USD

Soft Cap: 6,000,000 USD

Hard cap: 14,000,000 USD

Sales period ; from 1 to 15 October 2018.




APOLLOX TEAM MEMBERS.





APOLLOX OFFFICIAL LINKS:

 Website : https://apollox.network/
 
Facebook:- https://web.facebook.com/apolloxnetwork/?_rdc=1&_rdr

Medium:- https://medium.com/@apolloxnetwork

Telegram :- https://t.me/apolloxgroup

Twitter:- https://twitter.com/apolloX_network

Reddit:- https://www.reddit.com/r/ApolloX/;   

AUTHORED BY;

BTT USERNAME ; CRYPTICIDRIS

APOLLO UNIQUE ID ; 95xFrLcZBO

[Unbunplease]

Whitepaper says apollox will use cosmos? But why it’s an Erc 20 token? Thanks you for any answer.

[busiat]

If you have a review about any ICO projects, I think it would be good if you create the review on ICO Reviews section.

[jctxtyrb]

Tell me. What protocol is your platform built on? ERC-223? ERC-721? These protocols are faster, more reliable, more secure, and compatible with ERC-20.

[dzkrb]

In general, cryptocurrency technology is out of data encryption technology. It turns out that any coin should have protection against hacking. But, it is not. How many stock exchanges, wallets were hacked ...