CyberMiles- Smart Contracts for E-Commerce- Test-net conference

CyberMiles (“CM”) is a blockchain technology currently being developed by 5xlab, a research and development facility for blockchain. 5Xlab works closely with 5miles, a leading marketplace operating system with over 12 million US users. 5miles raised about $ 62 million from well-known investment firms such as IDG, SIG, Blue Lake and Morningside. CyberMiles is successfully working on the creation and implementation of a new generation of blockchain called Cyber Miles. The main stake is made to provide a promising and useful project for the community, focused on broad opportunities for use in the field of e-commerce and online sales.

The new e-commerce platform is based on advanced blockchain technologies with the implementation of smart contracts within the common chain, successfully solving the problems of existing time delays and financial costs. The project works with the internal Cyber Miles (SMT) token. Cybermiless token have been on Binance, Huobi and many more popular exchanges and CoinMarketCap. CyberMiles' smart business contracts are designed to be more powerful than the smartest of Ethereum. It will become the next generation Ethereum (ETH).NOW CyberMiles (CMT) will host a Test-net conference on March 30, 2018, where CyberMiles is and Test-net's features will be available in the following article.

Test net that allows its programmers to test the features of the software without having to fear losing coin when trying out the functionality of the program. This mechanism also creates a network of network nodes, miners, users, and even a new blockchain for testing purposes, and you can also use the test net to experiment with the coin

The Cyber Miles platform brings Internet trading to a new level

The Cyber Miles network acts as a third-party supplier of a wide range of different business services, including financial assistance, IT support, customer service and community management. The project is based on the rich experience of a well-known development team that offers innovative solutions to classic problems of online sales and the ability to automate necessary procedures.

Decentralized management of personal data

The transfer of your personal data involves significant risks to users and financial threats to the business that stores this information. Now a similar problem remains in the past due to the revision of the principles and the general system of personal data management. One of the key approaches to solving the problem is to provide the user with absolute control over his / her personal data. Now each user has the opportunity to decide for himself and to what extent he plans to provide access to personal data.

New opportunities in the P2P lending market

On the basis of the platform, it is planned to prepare a progressive application for lending to small businesses. An own mechanism will be prepared that will greatly simplify the search for suitable proposals for creditors and borrowers. The transaction will be carried out automatically with the help of technology of smart contracts with automatic copying and transfer of money between the bank accounts of the parties involved.

Efficient Supply Chain

The classical e-commerce ecosystem requires the seller to receive the goods from the supplier with the subsequent transfer to the buyers. In fact, within the chain several times there is a change of ownership of the goods sold. The new system involves a significant simplification of the entire chain with the guarantee of safe and instantaneous execution of all transactions.

Project development team

The 5miles team consists of experienced members from leading internet companies, ecommerce platforms and leading financial services companies from five different countries. Over the past three years, the team has applied its expertise to build a successful marketplace that has become one of the top shopping applications in the US, resulting in more transaction value. $ 3 billion a year.

The funds collected on ICO CyberMiles will be used to solve a set of tasks:

1. To create and develop the CyberMiles block-protocol.

2. Solution of a set of necessary marketing and research tasks aimed at the successful implementation of the platform on the world market.

3. New development and improvement of CyberMiles platform capabilities.

Final word

An experienced team of developers of the CyberMiles platform, transparent conditions for use and distribution of collected funds, a useful and important technology for the society - all conditions and a powerful foundation for the start and successful development of the project are prepared.

The project has already formed a set of protocols for managing key applications, over 300 subcategories of transaction types, opening up actual opportunities for the successful development of e-commerce and trade. From the beginning of the distribution of the platform, the number of business modules will increase, with the prospects of working in open areas, expanding the target audience and further expanding the actual project capabilities for users.