E-commerce has become the biggest industry, In 2017 it reached around $2.3 trillion and is expected to hit $4.5 trillion in 2021 (according to a Statista report). And have you ever hear about Blockchain. What is Blockchain? Blockchain, basically, is an electronic ledger, or better described as a decentralized and digitized ledger which is available for all cryptocur- rency transactions. Continuously growing as one block is completed, it is an updated record of all cryptocurrency transaction from the oldest to the most recent. The blockchain gives market participants the opportunity to track all digital currency transactions without any form of centralized records. Sophisticated cryptographic techniques are adopted to make sure all records are authentic, and the identities of coin holders are encrypted, and therefore anonymous. Furthermore, blockchain technology allows market participants to be sure that that corresponding “digital wallets” correctly, accurately and perfectly calculate the spendable balance. Blockchain has several benefits and feartures that make it most paramount. You can research yourself.
What is the trends of 2018 and years after it? I must tell you, that is, apply Blockchain technology to E-Commerce. Blockchain with it’s wonderful features and benefits will revolutionize the e-commerce industry. Traditional e-commerce will not last long.
CyberMiles Foundation, a company limited by guarantee registered in Hong Kong, is becoming the leader of this trend. CyberMiles, partner with 5miles LLC, works and developes with aim: “a next-generation blockchain optimized for e-commerce and designed for mainstream adoption.” , will empower the Decentralization of Online Marketplaces, using Smart Contracts for E-Commerce. CyberMiles is a decentralized ecosystem for e-commerce.
Who are behind CyberMiles? CyberMiles is backed by a famous, professional team with large knowledge and enthusiast, best people in this industry. Lucas Lu is the CEO of CyberMiles, Lucas has PHD degree in Partical Physics from SMU in 2005. He has a big background, he worked at CERN when he participated in theoretical and experimental research of Higgs Partical. Dr. Lucas Lu, was previously a co-founder and CTO of Light In the Box, a company which went public on the NYSE, and prior to that, Lucas was the first GM of Alibaba’s Taobao Mobile platform, and was the GM of another Alibaba business unit. Lucas founded 5miles in 2014.
Lucas in meeting with President Trump talking about cryptocurrency, President Trump expressed happy with Cybermiles which can help e-commerce industry.
Following Lucas, CyberMiles has a powerful management team, which can be found here: http://www.cybermiles.io/team/
Core features of CyberMiles that make it’s unique
It is fully compatible with Ethereum and can run all Ethereum smart contracts and Dapps. Yet it is 100 times faster than Ethereum in terms of transaction per second (TPS).
It is safer than Ethereum. The CyberMiles blockchain proactively stops common smart contract bugs that had caused loss of fund on Ethereum. And if a loss of fund still occurs, CyberMiles supports an on-chain governance process to transparently recover the fund through community consensus.
LOW OR NO COST
It is more user-friendly and cheaper to use than Ethereum. The CyberMiles blockchain waives transaction fees for most common operations. It achieves this without sacrificing security of the network.
To operate this, CyberMiles issue CyberMiles Token (CMT). CMT is a utility token that pays for participants’ services to the CyberMiles network. We can call CyberMiles Token (CMT) as the Blockchain 3.0, as we know Ethereum is blockchain 2.0, so how CyberMiles is better than Ethereum? We can see at the comparison chart below:
Information about CyberMiles: