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CyberMiles is a new blockchain protocol that is being developed by 5xlab, a blockchain development laboratory. The protocol is an optimized version of the Ethereum blockchain for business and marketplace applications.
The first pioneer of this blockchain will be the 5miles platform, a c2c marketplace operator. The CyberMiles blockchain is expected to empower the 5miles online marketplace which will feature a c2c trading platform, a community-based dispute resolution, structuring alternative payment and financing solutions for e-commerce and real-time promotions.
The CyberMiles token (CMT) will be issued on the Ethereum blockchain as an ERC-20 compliant token until the CyberMiles blockchain is operational, thereafter, a CMT native token will be issued. The initial CMT based on ERC-20 would be exchanged on a 1:1 basis with native CMT issued on CyberMiles’ blockchain.
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CyberMiles ("CM") is the blockchain technology being developed by 5xlab, a blockchain development laboratory. 5xlab is working closely with 5miles, a leading c2c marketplace operator with more than 12 million users in the US. 5miles is expected to be the first platform to utilize CyberMiles’ blockchain protocol, and will also assist 5xlab to develop the technology. Over the last 3 years of leading innovation in online & local marketplaces, 5miles has accumulated the necessary technical and commercial know-how to tailor blockchain technology & smart-contracts for real-world applications. 5xlab seeks to use this expertise to develop CyberMiles, with focus on trust and compliance. This will enable it to be a mainstream blockchain technology for real-world businesses.
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