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INTRODUCTION
When Blockchain was introduced over 10 years ago the idea was to be a cryptocurrency for global decentralized economy. Over the years improvement in the Blockchain has introduced several other aspects of our life on the Blockchain. Data files can be transferred easily, Blockchain can be used for banking, insurance, security, and agriculture etc. of all one big area that can connect or affect our everyday life is the marketplace for buying and selling. The introduction of the internet has metamorphosed our daily interaction to online communication and ecommerce, this has taken the world by storm e.g Alibaba, ebay and Amazon are massive marketplace that allows buy and sell on online. Platforms like Facebook Instagram, Twitter can now allow us interact easily globally. Ecommerce is so trending that some of the owners of such business platforms are listed among the richest in the world. Now the issues are raising their ugly heads where the business is more centralized and controlled by the business owners or middle men. This owners control how they take fee. They fix it and you must pay to complete your transactions. This is where Cybermiles comes in to leverage the fees and control by the ecommerce platform owners and allow transaction owners to control their own transactions. Cybermiles is bringing a decentralized marketplace to the global community. The blockchain concept is unique and futurist. The blockchain allows transaction that are recorded on an open-ledger that is transparent to all. It allows users to set transactions where all participants agree on how it will run. The blockchain is a safe, transparent and run on different consensus protocols that are agreed by the platform, like proof of work, proof of stake, Byzantine fault protocol and many others evolving.
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THE CYBERMILES ECOSYSTEM
Cybermiles is the first ecommerce Blockchain created specifically for ecommerce and business application. The Cybermiles Blockchain technology is being created by Cybermiles Foundation a company that are into research of Blockchain. While, 5miles work closely with Cybermiles Foundation to create this unique Blockchain ecommerce marketplace. 5miles are more into mobile app and have already established as top ecommerce mobile App producers for leading ecommerce companies. The 5miles CEO, Dr Lucas Lu has worked with leading ecommerce platform like Alibaba, this is to show the wealth of experience that the developers of Cybermiles are bringing to the platform. Therefore cybermiles is the blockchain protocol that will run the 5miles idea of being an ecommerce ecosystem on the blockchain. Bringing a real world application of the blockchain to ecommerce. This will help in the decentralization of the ecommerce marketplace and remove the middle men that extract bogus fee from users. The Cybermiles platform process will create a marketplace that won’t be controlled by anyone and never goes down.
The Blockchain process allow miners who connect to networks and nodes confirm transaction and get a fee for it. The Cybermiles Blockchain will run on a proof of stake consensus protocol which can allow thousands of throughput in seconds (TPS) removing clogs in transactions. The Cyrbermiles platform will allow users identity and transaction management in a safe and secured manner. Creating one private and safe data platform where users finance is secured. Nodes and smart contract can be built on the platform to power decentralized processes.
The most important concept of the Cybermiles platform is to build a c2c decentralized marketplace for consumers through several marketplace that allows ecommerce to thrive. These includes a viable and robust 24/7 marketplace. Cybermiles are also not taking chances of the possibilities of conflict during transactions, so, there is a community based arbiters who are in place to resolve conflicts. The arbiters also get an incentive whenever they complete a resolution. The Cybermiles platform will also allow advertising and branding ambassadors for products to be publicized using the platform. To make this easy the platform is also proposing creating a social group by location, believe, idea, religion etc. making it easy for advertisers to target a group. There will also be a small p2p marketplace for small business loan, auction and bidding platform and an efficient supplychain.
The Cybermiles codes and ethic includes impartiality, strong governance, support, advancement in technology and all matters that affects members.
CYBERMILES TOKEN
To fuel transactions in the ecosystem is the Cybermiles Token (CMT), the foundation has completed ICO sometime ago, but hosted the token on the ethereum blockchain. The Cybermiles developers as promised has concluded the development of the Cybermiles blockchain protocol and are moving the token to its native cybermiles blockchain from ethreuem blockchain. There will be a swap of token for 1:1 for holders in the ethereum blockchain that are required to migrate to the new blockchain. The CMT is tradable and already on the coinmarket.
Follow the following for updates and more information
Website: https://cybermiles.io/
Whitepaper: https://cybermiles.io/en-us/cmt/whitepaper/
Telegram: https://t.me/cybermilestoken
Twitter: https://twitter.com/cybermiles
Facebook: https://www.facebook.com/cybermiles
Beginners Tutorial: https://www.cybermiles.io/en-us/blog/hello-world
AUTHOR'S DETAILS
Bitcointalk Username: @baoli
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1223251
CMT address: 0xcc5108e57f0dcc72a6b23fc01f93619abe7573cf