The Fourth Industrial Revolution has been making great changes in manufacturer, business. As the result, the blockchain technology platform makes a lot of differences in the obsolete institution. Every country that takes its advantages can develop the economy fabulously.
In blockchain technology, Ethereum is considered as the most effective platform. However, Ethereum is turning into being obsoleted with many limitations. For applying blockchain to every field in life more effectively, 5xlabs and 5miles created a new platform called CyberMiles. CyberMiles is expected to become the most modern and the best platform in the world’s e-Commerce.
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WHAT IS CYBERMILES?
Cybermiles is a new product of blockchain technology that is developing and being designed for optimizing a lot of applications in business and market. In other words, Cybermiles allows decentralized activities of the online market and e-commerce platforms, so that, it basically change the road of business.
Cybermiles has been created and operated by two big teams: 5xlab – an institution of blockchain’s research and development and 5miles – a leader in customer-to-customer e-commerce in The United State. With Cybermiles, you can imagine a real world that is integrated totally by blockchain technology. That is the reason why I said Cybermiles will rapidly become the best blockchain platform in the world.
• About 5miles and 5xlab.
5miles was established in 2014. It has gathered 62 million USD from many big investment branches such as IDG, SIG, Blue Lake and Morningside. 5miles is expected to be the first platform that applies blockchain to Cybermiles. Also, it supports 5xlab in developing technology strongly. 5miles has been leading in marketplace online và offline through 3 years. Therefore, 5miles has accumulated necessary technical and commercial skills for improving blockchain technology and smart contracts.
In the other hand, 5xlab will seek for the best solutions to apply their knowledge in developing CyberMiles by the team’s enthusiasm and trust. That helps CyberMiles become the leading blockchain technology for economic activities.
WHO IS BEHIND CYBERMILES?
The team behind Cybermiles includes a lot of master in blockchain technology and e-commerce business.
- The leader is CEO Doctor Lucas Lu. He is also the Founder of CyberMiles. Before this time, he was in the role of The First General Director for Taobao – a mobile platform of Alibaba.
Doctor Michael Yuan is the expert at Astrophysics. He released 5 books of developing software that is published by Prentice Hall, Addison-Wesley and O’Reilly. Also, he is the master in structure software and mobile, the independent researcher in many projects that is sponsored by the Government of The United State.
Alex Lau is a Scientist of Software Computer and Manager of Research and Development Department for SUSE Linux in Beijing. Besides, he is the CTO of Symbio Mobile., Consultant about Blockchain of WeBank and 5miles.
George Chen is CMO of 5miles. He is used to be Vice-President of Product Development Department in Allyes – the biggest advertising platform and agency digital marketing in China. In addition, he was also the core engineer of DoubleClick – a brand of Google.
In addition, Cybermiles is also operated by the team in Beijing and America at the same time. The advisor team is also great. It includes a lot of smart and experienced advisors in start-up, investment, legal and customer strategy, such as Amanda Bush, Malachi Boyuls, Frank Lee, Mark Brinkerhoff, …
EVALUATION CYBERMILES
• Strength
The biggest and trusted company - 5miles. 5miles is a place that attracts a lot of experienced members from many top internet companies at e-commerce platform and other financial service company. During recent years, this team has been applying their deep knowledge in building a successful market, becoming one of the best applications in e-commerce in America, make a lot of money every year.
Cybermiles’ technical development team is also the great one. Cybermiles also owns a big amount of user, gathers about 62 million dollars from investors and increases the blockchain research rate in recent years.
The highly commercial and applied characteristic. Cybermiles has a clear ecosystem and it is ready for applying smart contracts into the real market demand. At present, with 10 million users and millions commercial deals, Cybermiles and smart contracts is mature and improved rapidly.
Cybermiles allows others platforms connect to each other and co-operate to develop. 5miles will create a Cybermiles contract market that is allowed to improve together with others. The module of the smart contract will be proved in the ecosystem with 5 million users. However, it is also ensured to widen others solutions.
Good balance between effective and adaptive. The traditional blockchain emphasized to decentralization and compatibility among networks. However, it is not effective and wastes a lot of money.
• 5miles provides an ideal ecosystem to develop Blockchain. 5miles have a market footprint in each market, setting up very active and very active user communities in each of its core markets. Weakness and challenges
CyberMiles is not the first and only project looking for e-commerce payment solution cryptocurrency between buyers and sellers, there are many competitors such as Monetha, Coinify, CoinPayments, BlockPay, and Cryptonator. CyberMiles is not likely to win the industry, though CyberMiles' solution is superior to the new Blockchain technology. However, there is no denying that cybermiles are available to the public, and the technology that powers CyberMiles will have a place in the industry.
Token amounts to 1 billion Tokens, but the amount of Token can be increased and limited to 10 billion CMT. Long-term CMT prices will increase, but maximum Token Token amounting to 10 billion CMT can be said to be a big difference with the sales of 500 million CMT which will make many long-term investors afraid that prices may increase well. At some stage in the future, but then will be stopped and it will be difficult to spike after that period. This is probably the minus point for this project.
CONCLUSION
In general, both in terms of short-term and long-term investment, Cybermiles is a good project and it is worthy to be invested. Therefore, it is expected to be successful because the seller can accept CMT as a convenient form of payment.
In the near future, Cybermiles can be the leader in blockchain technology.
For more information, please visit links below
Website — http://www.cybermiles.io/
Whitepaper — http://www.cybermiles.io/vision/
ANN thread — https://bitcointalk.org/index.php?topic=2344875.0
AUTHOR
Bitcointalk Username: Le Thi Hong Ngan
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1320823