The economic market is moving faster with every sort of technological advancements. Therefore, it has a number of e-commerce sites and to contribute to this site, virtual currencies are taking place of it. Currently, blockchain networks are holding over great promise in business applications. CyberMiles is a blockchain network protocol that has been optimized for a business contract for transactions. It is the Smart Contracts for e-commerce is now activated for testnet and Travis. CyberMiles collaborates with 5miles and they are expected to be the first application utilizing the blockchain network.

Potential Applications

CyberMiles blockchain solution has enabled some specific scenarios and features with contrast a contrast of typicalc2c e-commerce marketplace. This blockchain protocol has gone through built-in mechanism towards the tokes to help non-cooperative network participants to reach Nash Equilibrium consensus.

Advantages

The key advantage of a decentralized network is the high availability of network service resistant to data center failures. Though the service capacity or bandwidth may fluctuate still some network nodes will run perfectly. CyberMiles ensures the blockchain network, computing power and business services for providing the community.

Conflict Resolution

The economic incentives have been introduced by CMT has some conflict resolution based on community. This helps to resolve all the potential conflicts among the buyers and sellers. To make the blockchain even more judgmental it keeps transparency so that they can use the recorded data whenever they wish for. These data may work like:

• At the time when the buyer and seller enter into an agreement, they may put up an equal amount of CMT as a deposit of transactions. If no dispute of transaction completes then it will automatically get back to the token though a smart business contract or by the CMT act as a settlement currency.

• At the time of the dispute, the network system will ask for a pool service provider to bid and will ultimately become an “Arbiter”.

• After the acceptance of the arbiter, both the parties will work to resolve the conflict subjecting through the compliance with data protection rules with full access to transaction details.

Arbiter should make an unbiased decision and according to that the losing party will forfeit their deposited CMT to the arbiter and this should be pre-agreed by both the parties.

Marketplace Solution

Being a social network centered on the local commerce, 5miles is best suited to match with the supply and demand for the goods and services whereas CyberMiles will provide solutions to such features for developing a better connection with the sellers and buyers. Sending messages or notification pop-ups can be both intrusive and destructive at the same time. In such situation some potential solutions can be:

• Transmitting messages to bid for CMT can be used by the merchants and service providers

• Choosing and accepting the messages and receiving by a certain allocation of CMT can also be relevant in such cases
  CyberMiles can facilitate smart-contracts as a prime influencer with the 5miles ecosystem.

Test Net event

The Travis TestNet currently has seven validator nodes around the world. The number of validator nodes grows as the community grows because validators are selected by the community through the staking process. Check out how to deploy your Ethereum smart contracts or DApps on Travis.

Why using Travis?

The code names of CyberMiles TestNets are to honor heroes of the Texas Revolution. They are to acknowledge our roots in Texas, and the revolutionaries and misfits who changed history. William B. Travis is a commander of the Republic of Texas and a lieutenant colonel in the Texas Army. He died at the Battle of Alamo, where he famously wrote the letter, ‘Victory or Death

Cybermiles software is Open Source and available from Github. You are welcome to run a full node and make yourself a validator candidate. To prevent scams, spam, false advertising, conflict of interests, and network degradation, the CyberMiles Foundation has a vetting process for validators to ensure that the community members have the accurate information before voting/staking for validators. Subsequently, all validator candidates are voted up by the community to become official validator.

As 5miles has a large number of followers so they also have a significant social media presence. CMT can also be transmitted from the business to generate views and making the process more efficient. Therefore they have made their focus on e-commerce and o the online marketplace to generate all the innovative powers on highly effective chain resolving the latency issues.

Website : http://www.cybermiles.io/
Whitepaper : http://www.cybermiles.io//wp-content/uploads/2018/03/Project-white-paper_en-US.pdf
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1151406