CyberMiles -  the Ethereum of eCommerce & Online Marketplaces

What is CyberMiles?

Blockchain technology is the future of e-commerce and it allows a decentralized internet of programmable cash which faces two limitations currently. It is too slow and its purposes which is recognized as clever contracts are too limited. CyberMiles is a smart contract platform optimized for a commerce at scale and high throughput and solves these issues in one fell swoop. For all e-commerce associated transactions the CyberMiles blockchain pursuits to be the public blockchain. Ensuring the validity and safety of the contract, CyberMiles furnish a big library of “smart Business Contracts” in computer code. And it can be triggered, achieved and transparently recorded on the blockchain besides human intervention.The network’s native cryptocurrency is the CyberMiles Token (CMT). And the makes use of of this are settling of transactions, lucrative community validators,and incentivizing community members to provide services to every other. And additionally CMT can be used to pay for the execution of smart commercial enterprise contracts just like ETH on the ethereum network.

In estimated annual transactions it utilizes to support 5miles’ current e-commerce network of over 10 million US-based registered users, and over $3 billion USD is a unique advantage of the CyberMiles blockchain. The offerings provided with the aid of this network are decentralization of person identification and savings management, decentralization of settlement clearing house, peer primarily based vote casting and conflicting resolution.

As this CyberMiles is a hundred times faster than Ethereum in terms of transaction per second it is completely well suited with Ethereum and also it can run all Ethereum Smart Contracts and Dapps.

As the Cybermiles blockchain is greater secured, it stops frequent smart contract bugs that had prompted loss of fund on Ethereum. Through community agreement CyberMiles are prepared to guide an on-chain governance process to transparently recover the fund in case of a loss of fund occurs.

And this can be identified as more elementary and cheaper to use than Ethereum. For most frequent transactions CyberMiles blockchain ignore transaction fees. 

Smart Business Contract

A Smart business Contract on the CyberMiles is related to that of the Ethereum blockchain. CyberMiles Smart Business contract and Ethereum Smart Contract are identical apart from one thing. Every application is no longer re-written all over once more because Smart Contract is succesful of coming into an built-in bunch of enterprise software program middleware. Therefor it can be without difficulty developed and extraordinarily reusable in itself.

Decentralized Apps with Smart Business Contracts

Still there is a thought of decentralized functions in the CyberMiles blockchain gadget which would manipulate all information and good judgment that  now not be stored on the blockchain for privateness or overall performance reasons.

The Rules Engine

In its blockchain validator software, the CyberMiles system will encompass a ahead chaining inference policies engine. The regulations engine is used by using the validator to execute Smart Business Contracts though it resides backyard of the blockchain. 

The Distributed File System

As the fashionable file storage facility the CyberMiles machine use Ethereum Swarm and IPFS which are blockchain-friendly dispensed file device technologies.

The Distributed Webhooks

To receive external messages and set off BPM activities every CyberMiles blockchain node will embed a web server. One or extra webhook URLs are published in every of the Smart Business Contract software to acquire external events.

Applications

For business transactional applications the CyberMiles blockchain platform in particular assist middleware operations.

A Peer to Peer Small Business Loan Marketplace

Peer-to-peer small enterprise mortgage market is a possible utility which is constructed on the CyberMiles’ blockchain.

Supply Chain Cash Flow

The CMT which is the virtual token in the CyberMiles Blockchain device is mainly used to recompense for having access to the network. Parties such as end customers and sellers, on the grant chain use it as an in-network medium to settle accounts. As CMT is a digital token, the settlements of it is instant, free, and secure. Through exchanges on the community the parties are wanted to convert their CMT balance to other belongings occasionally.

GLOSSARY

CyberMiles blockchain is known as a new decentralized blockchain protocol which has been optimized for commercial enterprise transactions.

Smart Business Contract is a commercial enterprise utility which is done on the CyberMiles blockchain.

To keep the blockchain and execute clever commercial enterprise contracts, CyberMiles Token is used as the Crypto foreign money to award human beings who are holding CyberMiles blockchain nodes.

CyberMiles Validator is recognised as a person or entity who are contributing to computing strength to maintain the CyberMiles blockchain infrastructure. And it includes executing Smart Business Contracts. It can also be unaffiliated with 5miles whether the individual is somewhere in the world.

Through CyberMiles Application any enterprise can construct and make use of functions on the CyberMiles blockchain. 

For More Information Visit

Website :http://www.cybermiles.io/

Whitepaper;  https://www.cybermiles.io/en-us/cmt/whitepaper/

Facebook : https://www.facebook.com/CyberMiles

Twitter : https://twitter.com/cybermiles

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