The CyberMiles token can only be set as a next generation blockchain. This can be used effectively for intellectual contracts. People who do business smart with other available block chains, Ethereum can think of using tabs to revitalize CyberMiles contracts. One of the most unique features of CyberMiles tokens is optimized for e-commerce applications. In other words, you can find large libraries containing commercial contracts associated with e-commerce. Therefore, it can be used to create decentralized e-commerce applications with little difficulty. Token CyberMiles can support thousands of transactions per second. This is done with the help of a unique mechanism to approve the "Proof of Consent". But if you compare Ethereum, you will only see an extended support of 10 transactions per second. This makes Token CyberMiles an excellent alternative to Ethereum. Additional exclusive feature that can be originate in Token CyberMiles is that it can inspire real contribution. As the system yields, new tokens are shaped each day. Because all CyberMiles token holders are invited to approve the DPD has a chance to receive a new token.
Introduction
CyberMiles works with 5Miles Company, registered in Hong Kong for future generations with the introduction of e-commerce. The project will focus on monetary conservation and funding in the e-commerce sector. By implementing the CyberMiles project, the next generation will be able to experience the security of commercial services for users of this ecosystem. This is the future with an open network that uses a decentralized platform.
5 miles
5mil is the sale of consumer electronic products. It should be noted that 5 million dollars in marketing and commerce are not new. There have been sales on the market since 2014. This is an opportunity to communicate in real time with sellers and buyers and to develop a platform with personal data based on Blockchain CyberMiles technology, a credit application. for small businesses, P2P.
The CyberMiles Token
The CyberMiles token was created to use the active participation of users in life through the development of smart contracts, all participants can use the CyberMiles token for their needs. And it is also a great reward and motivation for users, increasing Internet commerce, which manages to use decentralized applications in Internet commerce with little participation. To simplify transactions, tokens will be used to reduce commissions. The participants, when they get the chips, will be able to resolve the conflicts, among other users, by providing technical support.
Why should I Consider to Invest
This project is a game changing contract that allows all members to offer their prices to send alerts, where they will be informed by the same message. Every user will have the possibility to receive a notice or not. Therefore, online merchants can be sure to use CyberMiles. Using the latest CM technology, we believe we can use electronic commerce because it is profitable and reliable to use Blockchain technology, which increases sales and profits.
The Functions and functionality
01. Support for a vast library of smart contracts in the field of e-commerce with decentralization of processes.
02. The management of user IDs and transaction data ensures privacy and security, and allows new users to create new transactions and transactions. Starting from a 5-mile user base, which already has more than 10 million people, access to user data will be a driver for the creation of CyberMiles-based e-commerce and other consumer-ready platforms.
03. The use of authorizations mechanisms with delegated document validation (PoS), which allows for tens of thousands of transactions per second (TPS) and solves the problem of delays in existing channels.
Practical Application
Decentralized management of the personal data-A centralized system for managing personalized data exposes consumers to significant risks and can pose significant problems to companies that store this data. The solution is to give users full control over their personal data. And this is quite feasible with the smart contract used in the blockbuster.
P2P that accredits small businesses-With a personal credit history, Cyber Miles will create mechanisms to find suitable lenders and borrowers in the block. The smart contract will automatically execute credit transactions, transferring funds directly between the bank accounts of both parties via CMT. Next, the lock team can create a credit history for each user, identifying it with a public key.
An efficient supply chain-Transactions between community members can be recorded quickly and securely using digital tokens rather than traditional systems.
The solution of a false problem-Counterfeiting and fraud are often a serious problem in the online market. To solve this problem at the central level, operators must verify and track all products sold on the market. It is very expensive and inefficient. The network based on overproduction will help solve this problem in a much more elegant way. The main feature of this block is the lack of modification of the recordings. Thanks to this, you can easily follow the authenticity of any product. Seller, manufacturer, supplier can make a certificate of authenticity of the products.
ICO platform for e-commerce-The Smart Contracts platform, optimized specifically for e-commerce and the support of general information services, such as personal data archiving and credit history, creates the ideal conditions for the development of all types of applications. eCommerce in CyberMiles. If the application is running in the CyberMiles box, CMT will be used to make payments with smart contracts and financial transactions. The application can also issue its own ICO card to support its functionality and community.
Token CyberMiles
Provide rewards and encourage community members-provide computing power and maintain network integrity. These services include network node maintenance, transaction validation and the implementation of smart business contracts. When participants in the electronic market, such as sellers, buyers and market makers, use network services, they will pay using CMT.
Encourage community members to provide additional services-such as customer service and conflict resolution services. Participants providing services may receive other WTO participants after reaching consensus.
Simplify transactions within the network-Processes and interactions throughout the supply chain, as well as between buyers and sellers, can be recorded and the simplified through the use of CMT.
Wrapping Up
CyberMiles has developed protocols that manage 12 major business applications and more than 300 subcategories such as transactions, covering most potential applications for e-commerce In addition, as implementation begins to spread, more and more intellectual contract modules will be applied and developed, so that the CyberMiles module will be available for purchase or licensed on the floor.
Learn More about the Project Using Following Links
Website- http://www.cybermiles.io/
Whitepaper- https://www.cybermiles.io/insights/
Author- https://bitcointalk.org/index.php?action=profile;u=1188306;sa=summary
good article :D
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