CyberMiles is the next generation of empowering the decentralization of online marketplaces.
You can purchase Smart Contracts for E-Commerce like CyberMiles’ testnet, Travis.
This has a high performance being fully compatible with Ethereum.it can also run all Ethereum smart contracts and Dapps despite being 100 times faster than Ethereum in terms of transaction per second (TPS).
It is more secure than Ethereum, having the ability to stop common smart contract bugs. In case loss of fund still occurs, CyberMiles supports an on-chain governance process. This can recover the fund transparently. Community consensus are used for this.
It is more user-friendly and cheaper to use. Without sacrificing security of the network, the CyberMiles blockchain can use low transaction fees for most common operations.
“CyberMiles Foundation” is a company which will work closely with 5miles LLC (“5miles”) with the aim of developing CyberMiles.
CyberMiles will integrate blockchain innovations on a highly effective chain, to power “Smart Business Contracts” CyberMiles Token being its utility token, is planned to fund & empower new e-commerce applications and projects.
Their vision is to provide secure and trusted business services for its members, by its members for the future. For this purpose, the foundation will assist governance of the decentralized platform.
5miles’s marketplace platform will be the first group of users, onto the decentralized network and to jump start the ecosystem. With that, its own network effects are expected to be applied once the network reaches a critical mass, as a market-leading blockchain protocol.
5miles- Has been active in the research and development of blockchain technologies It also happens to be rated a top 10 shopping application, being a leader in consumer-to-consumer e-commerce in the United States
Modern society’s commercial methods has evolved to favor the largest players like Walmart and Amazon, which, while efficient, are completely centralized operations focused on selling new, standardized products. The constant influx of new products, has resulted in a wasteful society.
The existing blockchains do not meet with the needs of e-commerce because
Thus CyberMiles Foundation is developing a next-generation blockchain protocol
To support a large library of Smart Business Contracts
To manage user identity and to enable new transactions & settlements
To utilize a delegated-PoS consensus engine.
Potential CyberMiles Applications on 5miles
A market place that never goes down
Community-based conflict resolution
User-generated & user-curated 5miles Groups
Local promotions & brand ambassadors
Marketplace “leads” bidding
Shared advertising revenue
Democratic community management
in order to aim the CyberMiles solutions to be capable of supporting many kinds of business transactions beyond the c2c marketplace, the CyberMiles network could act as an outsourced provider of a variety of business services For this purpose, CyberMiles team has identified the following major categories of business contracts, which may have a few more steps in each.
A decentralized identify management platform
A peer-to-peer small business loan marketplace
A more efficient supply chain
Addressing the counterfeit problem
Automatic escrow
An ICO platform for e-commerce
The vision of CyberMiles ecosystem is to be a community of partners, including blockchain node operators, businesses, and end users etc. The CyberMiles Foundation is intended as an independent, company that maintains and facilitates democratic governance.
This has 3 structural principles,
a. Impartiality
b. Not-for-Profit governance
c. Strong governance
In order to fulfill their mission, they will focus their resources on 3 specific goal,
A total of 1 billion CMT is expected to be in circulation depending on the completion of the proposed CyberMiles token contribution.
Participants are invited to provide their email address at http://cm.5miles.com. for further information and updates on that.
Use of Token Contribution proceeds-
These are intended to be used for a few purposes.
Allocation of CMT-
Another 100million tokens will be pre-allocated to 5miles In addition to the hard cap of 700 million tokens.
