CyberMiles- Smart Contract for e-Commerce
Blockchain technology is enabling a decentralized internet and programmable money it is the future of e-commerce, however, today’s blockchain technology faces two significant barriers it is too slow and its applications known as smart contracts are too limited. Cybermiles blockchain solves these problems, cybermiles is a smart contract platform optimized for e-commerce at scale and high throughput. cybermiles provides a large library of smart business contracts and computer code which can be triggered, executed and transparently recorded on the blockchain without human intervention ensuring the validity and security of the contract, this encourages other e-commerce businesses to build their applications on cyber miles and use the cyber miles token CMT as their digital currency CMT can be used to pay for the execution of smart business contracts just like ETH on the ethereum network it can also be used to facilitate decentralized settlements between parties just like XRP in the ripple network. We will jumpstart cyber miles with 12 million us-based users and more than three billion dollars and annual transactions the blockchain securely records those users identity credit history, reputation, and transactions.
How it Works
Now let’s find out how real people enjoy the real benefits of cybermiles technologies Alice wants to get a small business loan to expand our online store on cybermiles Alice makes public or loan requirements using her public key but gives out no personal information since Alice’s entire credit and reputation history are recorded on the blockchain and associated with her public key Bob will be able to evaluate and offer a loan again Bob only reveals his offer with a public key without any private information should Alice accept Bob’s offer they will both enter a smart business contract which is a software program on the cybermiles blockchain they will send in personal information together with digital signatures proving their identities the smart business contract program executes the financial transaction securely and privately without human intervention with trusted data the cybermiles blockchain provides an extremely valuable platform to build and deploy ecommerce and financial applications on the highly scalable and secure cybermiles blockchain.
CyberMiles is a new open source blockchain protocol, designed to reinvent the e-commerce industry and will enable the online distribution of eCommerce and eCommerce related transactions through the blockchain, and will fundamentally change the way e-commerce businesses is done. With CyberMiles, the goal of the project is to integrate blockchain technology into the real world, highlighted in the following features:
A “total token” for e-commerce, which allows other e-commerce platforms to run on our chain,
Maintain a large library of “smart business contracts” & modules, simplifying distributed processes.
Managing of distributed user data by secure encryption technology,
Protecting new network users from network attacks
Ensure the safety and effectiveness of transactions by “margin” payments supported by CMT Token
Set up an alternative credit system to facilitate personal loans & small businesses
Why is it important to collaborate with 5Miles
Collaborating with 5miles helps CyberMiles get off to a good start by integrating 12 million users and a $3 billion annual transaction value into this network. Once integrated with 5miles, CyberMiles can quickly become one of the largest blockchain networks available in the world.
Their Cybermiles application now has more than 10 million registered users in the United States, estimating that the total exchange rate at the end of the year will exceed $ 3 billion. Cybermiles is also among the top 10 shopping apps in the United States.
CyberMiles An optimal platform in the 4.0 Era of the industry
CyberMiles’ Blockchain is a platform that supports many e-commerce applications, including the ICO’s Initial Coin Offerings (ICO). The 5miles C2C market (Customer to Customer) is the initial application to boot this system. What’s the reason for launching new e-commerce applications on CyberMiles?
First, all applications and companies can use CyberMiles’ blockchain technology to manage their financial transactions. This “Transaction as a Service” (Taas) is a much-improved ledger compared to the current financial systems that companies use.
CyberMiles Token (CMT) can be used as a payment currency and eliminates expensive transaction fees from banks. CyberMiles Smart Business Contracts can automate many of the business interactions that are still being performed by people, including but not limited to security accounts, loan contracts, and insurance, supply chain financing …
CyberMiles’ Blockchain allows companies to work seamlessly with suppliers, funders, and corporate partners alike, as they all share the same ledger and agree. on the CyberMiles Business Intelligence Contract.
For More Information
Website: http://www.cybermiles.io/
WhitePaper: http://www.cybermiles.io/vision/
ANN Thread: https://bitcointalk.org/index.php?topic=3179247.msg32920340#msg32920340
facebook: https://twitter.com/cybermiles
Twitter: https://twitter.com/cybermiles
Authored; Prince Dikeogu
Bitcointalk Link: https://bitcointalk.org/index.php?action=profile;u=1296792