CyberMiles (CyberMiles Foundation) will be registered in Hong Kong as a non-profit organization with liability limited by the guarantee of its members. CyberMiles will work closely with 5miles LLC (5miles) to create Cyber Miles, the blockchain of a new generation optimized for widespread use in e-commerce.
Against the background of e-commerce and e-commerce, Cyber-blockchain newest unite, Miles technologies to implement smart-contracts in a new highly efficient chain and resolve problems with delays which often complain about users of universal blockchain. Miles will Cyber token ( master-token ) to finance and support new applications and projects in the field of e-Commerce is exactly the same as in the current generation of Ethereum ICO.
What is Cyber Miles?
CyberMilesis a new and modern blockchain-a protocol that create for the new revolutionary leap forward in the field of trade and markets. Each user will be able to buy and sell goods with the same confidence as they do on Amazon or Walmart. Or people will be able to create their own markets and manage them democratically.
As Cyber Miles change the commercial business?
Network Cyber Miles vendor can serve a variety of business services, including it, financial services, customer support and management communities. Drawing on extensive experience in business management 5Miles commands, command Cyber Miles found the following major categories of business contracts, which could potentially be automated.
- Platform for decentralized management of personal data.
Personal data are subjected to consumers at risk and can bring big trouble for companies that carry out storage of these data. To resolve this issue, you must review all personal information management (PIM) system. One of the main solution is to give the user full control over his personal data. Each user will be able to decide to whom and how to provide access to their data.
- P2p lending market
blockchain-based Cyber Miles, you will have an application-Exchange-P2p-lending to small businesses. Having a personal credit history, Cyber Miles establish a mechanism for finding matching each other lenders and borrowers on blockchain. Smart contracts will automatically credit the transaction by transferring funds directly between bank accounts both parties using the CMT.
- An effective supply chain
In the e-commerce ecosystem seller need to get the product from the supplier and then send it to buyers. In the process of product changes owner several times. However, in a system based on tokens, transactions between members of the community can be instantly and securely recorded using digital tokens. Parties need only occasionally translate over tokens in other assets as needed, limiting the cost of the transaction.
- The solution to the problem of fakes
Counterfeit goods and cheating are a serious problem in the electronic market. That would solve the problem of centralized way, operator inspect and monitor every product that is sold on the market. It is very costly and probably ineffective, because people do not have the necessary expertise to assess the authenticity of all products on the market. Blockchain-based network would help solve this problem much sleeker.
- Proactive solution: the main feature of blockchain is the immutability of records. This makes it easy to trace the authenticity of any product. Sellers, manufacturers, suppliers can create certificates of authenticity for goods.
- Responsive solution: Blockchain network Cyber Miles provides a mechanism to resolve conflicts on the basis of the community. This, of course, includes the case when the buyer puts in doubt the authenticity of the product. In such cases, the buyer will have to provide evidence in support of the Union, that would get a positive decision from the arbitrator.
Thanks to the simple decisions of Community Cyber Miles can come together and prevent counterfeit and fraud on the market.
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