CyberMiles. Blockchain For Marketplaces

Today we constantly hear about new ways to apply blockchain technology. So this time I’d like to talk about e-commerce. Nowadays many people conduct purchases and payments online and big trading platforms like Amazon become more and more popular.

CyberMiles. How it all began

First of all, I’d like to highlight an important fact and state it among the project’s strong points. The 5xlab project’s team has been successfully developing solutions for trading platforms for more than 3 years. 5miles is a leading c2c-operator working with trading platforms with millions of users. Why did I mention this project? Because 5xlab has been cooperating with 5miles for a long time and has extensive experience in developing and providing support for large trading platforms. In case you didn’t know, c2c means client-to-client, trade between individuals. Another important fact - market analysis shows that c2c sector is expected to have significant growth rate in the nearest future. I’m sure you have noted how many new trading platforms with offers from and for the individuals appear these days.

CyberMiles project

Now 5xlab team works on CyberMiles - a modern blockchain protocol which will considerably boost the e-commerce market. Users can feel completely safe when buying and selling stuff there, just like they feel using Amazon now. Furthermore, they’ll be able to create and manage their personal markets in the most democratic way. The developers started to work on this decentralized e-commerce platform in 2017 and the team’s former experience with 5miles project development came in handy.

CyberMiles features

An important fact to start with: Cybermiles’ protocol enables each user to create his own trading module, his own trading platform.
Key features of the project:
● Integration of latest digital technologies into the existing platforms.
● The project already has many users and it is rather successful, which enables fast implementation of project team’s solutions via existing users.
● Decentralization and great capacity of data processing will provide maximum platform efficiency.
● The platform will have multiple levels which will allow people to make their own developments on its basis and then implement them into the system.

Where CyberMiles could be used?

● Ready-made templates for creating your own online stores.
● As arbitration to solve issues regarding the purchase or delivery service.
● It will allow to hold auctions.
● Alternative ways of payments and financing can be used within the platform.
● Special advertising opportunities. For example, for conducting promotional deals.

Up-to-date blockchain solutions focus on decentralization. In result, they lose in productivity and efficiency of the platforms which in fact makes them useless when using for wide audience. Besides, it is often missed out that with a completely decentralized blockchain there is a strong possibility of break-in. It happens due to accumulation of large number of low-quality code.
That is why optimization and compatibility of new technologies are among foreground tasks of the project’s team. And the users will only benefit from it.

A special CMT token will be used within the system. It will allow owners to use an extensive functionality of the platform. Special attention was paid to the issue of token liquidity and the possibility of its integration into partner applications and services.

Also I’d like to note that there will be a wallet in which not only cryptocurrency but personal and banking data of the users will be kept. It is necessary to guarantee reliability of sellers and buyers and eliminate the possibility of fraud. When using platform you’ll be sure that you work only with reliable people.

Prospects of CyberMiles project

As I said at the beginning, the developing project is aimed at growing c2c market. Positive dynamics is provided by the fact that the project has already acquired a reputation in this market and the team works on blockchain technology integration into the existing ecosystem. We know that several similar projects are entering the market right now but none of them has such a strong ground. Moreover, the competitors often forget about keeping balance between productivity and compatibility with the latest technologies. In this regard CyberMiles conducts better politics and thinks strategically. I'd like to say that not only creators but the investors, who have already invested about $62 million, believe in the potential of this project. It gives us the right to say that the project has serious resources for the successful development.
The first important date for the project is June 2018 when the 5miles application will start accepting the CMT token for the transactions.
The second - December 2018 when the full-fledged platform CyberMiles v1.0 will be launched.

Conclusion

I certainly like this project. It has all the necessary resources and experience to beat the competitors. As you can see, it has great growth prospects. We already use c2c platforms to buy stuff and the number of their users will only grow. Besides, I like the fact that the platform will provide all the functions needed to conduct business and create your own trading platform. It means that customers will get wide range of goods and sellers - new clients.

More information:

Website: http://www.cybermiles.io/
Whitepaper : http://www.cybermiles.io//wp-content/uploads/2018/03/Project-white-paper_en-US.pdf
Facebook : www.facebook.com/cybermiles
Twitter : twitter.com/cybermiles
Reddit : www.reddit.com/user/CyberMiles/
Telegram : t.me/cybermilestoken
Bitcointalk : https://bitcointalk.org/index.php?topic=2343333.new

Author: saycryptohello, bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1336255