THE ARCHITECTURAL FRAMEWORK OF THE APOLLOX PLATFORM
The Apollox platform is built on the Ethereum network with embedded smart contracts which means that transactions are automated and free from human manipulation. In order to maintain the large scale of transactions that will be happening in the platform, the attribution protocol is integrated in the system. This will however enable existing shops to maintain their old traffic channels even in a lower cost. With the decentralised database, transparency is achieved across the platform which makes it difficult for peer to peer fraud to take place in the platform. Meanwhile, to handle dispute resolution and to maintain smooth operation, the arbitration protocol is also integrated in the system. The reputation protocol is also embedded in the system in order to encourage quality products. Sellers are however rated for their services and the reviews are used to judge them. This will no doubt make it easy for customers to make their purchase decisions. In order to keep the platform informed and updated, the oracle and data protocol is also employed.
Topic: THE ARCHITECTURAL FRAMEWORK OF THE APOLLOX PLATFORM (Read 96 times)
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