Cybermiles is empowering the decentralization of online marketplaces. Lets first see, what the cybermile is. Cybermile foundation is a company which works closely with "5miles". They have an aim to develop cybermiles as the next generation blockchain optimized for e-commerce and designed for mainstream adoption. Cybermile focus on e-commerce and online marketplaces. It tries to resolve the latency issues of existing blockchain by utilizing latest blockchain technology.The principle token of cybermie is Cybermile token (CMT).it will use to fund and empower new e-commerce applications and projects.Cybermiles will help the governance of decentralized platforms.one of their future vision is to establish a public network that store, secure and trusted business service each other among its members. So, members of the platform will play a major role. 5miles will be the first online market which moves into the cybermiles decentralized network. 5miles was developed by a team from China and US in 2014. 5miles has achieved a place among top 10 shopping apps.

Existing blockchain is not fulfilling the needs of e-commerce as they are not designed for them. So, they could not solve the latency issues with high volumes of transaction. High volume transactions are usual in e-commerce platform. It is essential for an e-commerce platform.  So, that is why Cybermiles id developed as the next generation blockchain protocol to resolve the latency issues with several attributes. They are,

1.Support a library of commerce-related smart business contracts that empower the decentralizatison. 

2. To manage user identity and transactions data in a secured and private way.

3. To resolve the latency issues by utilizing delegated PoS ( proof of stakes) consensus engine to support a large volume of transaction per second (TPS). 

So, all of these indicate that cybermiles have the potential to be the first blockchain with both real-world business application and mainstream adoption. Cybermiles blockchain protocol specially developed for utilizing to business and marketplace applications. CMT token is the network native token in the cybermile platform.

Now let's see some of applications of this specially developed protocol for e-commerce section. Cybermiles will be a marketplace that will never go down. Because , cybermile is a decentralized network. One of the most important characteristics of a decentralized network is the rapid availability of network services as there is no central authorization. Services are shared directly between users of the platform. In the cybermile platform, computer power and business services are provided by its own members in the platform. So, unlikely in other centralized platforms, this will never go down due to any wrong in the data center. Other thing is that cybermile aims a community-based conflict resolution. That means, its own members will work and discuss together to resolve an emerger problem. So, no need a central common place to submit problems. This allows to resolve users problem by themselves on the platform. So, buyers and sellers can discuss and comes to decisions directly, no need to go through a central common place. So,  it enhances the speed of the process.  5miles will be the first to launch on this platform. They have planned to introduce user-generated forums and groups within the platform. So you can get services through this forums and groups. So, cybermiles have several good applications. You can get more details about applications through their official whitepaper- http://www.cybermiles.io/vision/

5miles will not be the one and only use this new blockchain protocol. They have an aims to support many kinds of business transactions beyond the C2C marketplaces. Cybermiles is developing an Identity Management Platform. In the centralized network, you are unable to control your personal data, but in cybermiles, you will be able to control your personal data with the introduction of decentralized identity management platform. They will develop "Personal Identity Wallets" on this platform. They are just like wallets in the bitcoin or etherium blockchain. Users will be able to use different wallets for their different purposes. Those wallets will store your personal banking information.

Cybermiles will also provide you a peer to peer business loan marketplace. As cybermiles develop an identity management platform, it is easy to record all the credits of the loan applicant in the blockchain. Eash users can be identified user's public key of their wallets.with all of those things cybermile will develop a loan machine engine on the blockchain. So, the user can have a loan facility also. Cybermiles will be a more efficient supply chain. It is another important feature to have in an e-commerce field. Not like in traditional platform, in this blockchain platform transaction among members will be done instantly and more securely by digital tokens.

Get more info through following links.

Official website- http://www.cybermiles.io/
Whitepaper- http://www.cybermiles.io/vision/


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