The development of blockchain protocols will provide promising benefits regarding market perspectives. The existing blockchain cannot yet meet e-commerce needs and has not been able to resolve latency-related issues that offer support for high transactions. An information system designed to accommodate members globally required to be able to run concurrent transactions. The number of sales that occur in one second may reach tens of thousands of operations. The readiness of the system in handling the case can be a consideration in its utilization. The use of blockchain technology and smart contracts is now lagging behind for the advancement of the e-commerce market.
CyberMiles will develop development of blockchain technology for the next period. The protocol development will be done by applying various attributes such as support for the vast library of Smart Business Contract which become the form of mastery of the decentralization process. The Smart Business Contract is a development of a smart contract that previously used the Etherum standard. The Intelligent Business contract implementation supports a higher system of integration when compared to earlier executed operations. The user's identity will also be managed securely with private data to activate the new transaction on the network participants. The Proof-of-Stake consensus engine will be used to delegate thousands of operations in one second.
CyberMiles development will make the platform with the potential to become the first blockchain technology with real-time application deployment. Business applications run for the future will adopt the mainstream which will enable the occurrence of the most extensive blockchain network in the world. CyberMiles foundation supports the development of blockchain technology applied to CyberMiles. Laboratory developers have made a cooperation agreement with 5miles. In 2014 5miles has been formed by world-class teams from China and America. 5miles has gained popularity since its inception. The launch of the app in 2015 will provide stability as the best app for shopping. 5miles has proposed the first ecosystem in applying real applications with the application of blockchain technology as a developed solution. The development of blockchain technology in CyberMiles has been listed on Whitepaper and Website.
Website: http://www.cybermiles.io/
White Paper: http://www.cybermiles.io/vision/
The Use of CyberMiles Blockchain and CyberMiles Token for Ecosystems
CyberMiles was established as a new blockchain protocol to be developed and designed specifically as a step of optimization in business applications. Implementation of blockchain technology will make the virtual machine that will be the basis of the form of middleware system that will operate outside the chain to support decentralization system and will be arranged in smart contract to be applied in the network. CyberMiles token (CMT) will be the currency that will be integrated into the CyberMiles network. Applications created will provide full support for the system as a form for mobile-based transactional convenience. Integration will be done on the use of CMT with the wallet function so that it can hold the CMT balance. CMT logging will be done for openly implemented implementations.
Implementation of CMT will be conducted as a form of rewarding ecosystem participants in computing and network integrity. Services can be either running network nodes, transaction validation, and executing from smart business contracts. CMT will be assigned to the network manager in the use of network services. Providing incentives to community members can be an added value with a peer-to-peer system. The network transaction facility will support an interaction system within the supply chain that supports the interaction between buyers and sellers. The use of a decentralized system with blockchain technology will support the implementation of the system with minimal transaction costs but still have high security with the role of the validator who runs the Smart Business Contract.
The Key Of Cryptography With Decentralized Blockchain Network
The CyberMiles network will have the latest concept of crucial cryptographic identity by applying the user's wallet. Blockchain will decentralize the bitcoin or Etherum directly controlled by the user as the owner of the private key. The use of Intelligent Business Contracts can indirectly provide the concept of wallet expansion to function with diverse features. In time, the wallet will be able to be utilized to make the deposit manually so it will be used responsibly. The OAUTH protocol will be used as an access point for temporary data. Users can have the opportunity to use different wallets for different purposes as well. Wallets in CyberMiles have a standard work system that looks similar to the current application of blockchain technology. Users can quickly authorize financial applications in the CyberMiles network so they can take full advantage of it.
Blockchain CyberMIles will be potential applications utilized for the development of blockchain technology for peer-to-peer.blockchain systems will have a credit history required for authorization so that it will make it easier to find traces of credit owned by users. Users will enter into the ecosystem through the OAUTH exchange from wallet by performing a cache exchange. The user can specify the role by including the loan amount, the term and the desired interest rate. When a transaction occurs, it indicates that a match has been made and the exchange will also provide its own separate from the detailed history for a suitable candidate. The transfer will request the wallet to be able to complete both parties' transactions with a bank account. When the loan period ends, the payment will fall on the tempo so that it will make the Smart Business Contract carry out the exchange on the wallet for settling the payment and the result of the transaction will be broadcast on the blockchain network so that it will become credit history.
The CyberMiles Platform Will Give The Convenience Of The Real Product
The use of digital technology to build decentralized markets cannot be separated from the risk of fraudulent product circulation and the fraudulent nature of market fraud. Ecosystems with a centralized operating system must be able to overcome the problem by doing a review of the product and do the tracking in real-time. Products sold in the market must be authenticated even if the methods implemented may still be less effective because the review cannot be done. Application of blockchain technology can help solve problems related to product authenticity. Decentralized systems will move proactively with the conservation of the records they have. Product authenticity certificates may be provided to provide information that can be stored in a distributed ledger. Tracking genuine products will help significantly reduce product counterfeiting.
The blockchain also acts reactively in the application of mechanisms to establish conflict resolution using a community base. Evidence of buyer's claim support needs to be attached when the buyer complains about the purchased product. The sword must be prepared when the buyer does not approve the authenticity of the product being sold. The role of the arbitrator may be needed to help solve the problem. Communities within the ecosystem can gain incentives from movements that can prevent fraudulent product and fraud from happening in the digital market. Each participant can compactly form a team to prevent the circulation of counterfeit or counterfeit products. A movement can have a significant impact on the satisfaction of fellow consumers to get the original product.
Three Structural Principles That Implemented in the CyberMiles Foundation
A platform having a specific purpose and purpose in its establishment is no exception to CyberMiles. The principle within a company is undoubtedly necessary to be able to avoid the company from something that is not desirable. The established principles can also be implemented consistently to keep the ecosystem going. In operation, CyberMiles has structural principles such as impartiality, nonprofit governance, and secure governance systems. This form of equality is evidenced by management that is only developed in blockchain and CyberMiles applications. The use of legal entities will also be done separately from five million and each member of the other company. The board of directors in the ecosystem will act independently of 5mil so that will keep him respected in the technological advances of society.
The platform's next principle is to implement non-profit governance to maximize services within the ecosystem. The platform will provide services to CMT holder so can do the development of a more powerful and scalable system. Collaboration with 5mil will be done based on an agreed commercial agreement. Cooperation is needed to form a robust platform that can handle the various risks that may arise. The CyberMiles Foundation will do the token publishing and distribution. A reliable system of government will make CyberMiles foundation a separate legal entity. It will support the implementation of operational differences from the self-governance framework. Utilization of technology to become a powerful platform will require the advice given by the top professional level.
Indirectly, platforms must follow directions and instructions that are experts to keep them established and run correctly. Implementing best practices from other established foundations may be necessary for the platform to stand upright as well. Responses to any changes and regulatory requirements may be made as an additional step. Any activity related to the development of platforms and forming a solid foundation is essential to withstand the platform of future shocks that may occur. The platform has implemented a decentralized system with blockchain technology and the development of the Smart Business Contract to be more easily integrated with future technology updates that may occur shortly. The platform will have the function of opening up existing governance based on shared resources with other ecosystem partners.
The CyberMiles Platform Create The CMT to Increase Its Function
The issuance of CMT tokens will be one of the keys to the sustainability of the ecosystem. Currently, the proposed token spending is at a value of 1 billion CMT. But as time goes by, the need can reach the limit of up to 10 billion CMT. You can certainly get more detailed information on CMT proposal development and allocation through token contribution event. The token launch will be done after CyberMiles merge. You can also have information regarding token contributions by providing an email address to the website page. Further announcements and updates on token contribution details will also be posted on the website page. You can also join the social media community that CyberMiles has set up to get updated information.
Utilization of token usage will continue until it reaches the initial contribution result that will function as a tool for funding and development of CyberMiles blockchain protocol. In general, the development of a new platform certainly has a specific budget needs. Platform settlement may also depend on the availability of funds owned. CyberMiles will be a platform for marketing and operational costs being assembled with migrations of 5miles. The use of the expenses for research will also be one of the stages in the development of the CyberMiles ecosystem issued by the Foundation. After the token contribution, there will be a token allocation where the initial allocation offer is 700 million. Then the CyberMiles and Partner teams will get pre-allocation of 100 million. Similarly, 5mil and CMT Reserve will also be allocated with the same source. The total CMT in ICO will be close to 1 billion.
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Don’t Miss The First Testnet Event Of CyberMiles Platform
As a new platform, Cybermiles need to be recognized by the public globally. The utilization of the platform will provide excellent benefits for the sustainability of the ecosystem. CyberMiles also comes as a platform that offers a variety of ease of integration. The Smart Contract system of concepts developed by Etherum has been enhanced with integration capabilities. The deal will be built on the Smart Business Contract that has been combined with the latest technology by the CyberMiles development team so that it can integrate. Utilization of blockchain technology with the decentralized system has been proven to provide the right solution to the problems that occur in the market. Now, you can make transactions quickly, efficiently, and at a cost that is affordable or even free. You may be interested in becoming part of the development of new networks in the digital platform revolution. Do not forget to watch live on youtube and social media, CyberMiles Testnet to be held on March 30, 2018, 11:45 AM (GMT + 8). You'll get to know more about platform development through the event.
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