What problem does this service solve?

Algorand's goal is to create a blockchain with faster transaction times and a more inclusive staking mechanism to achieve consensus.Cybermiles' goal is to provide for a toolkit for developers building decentralized e-commerce applications.

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Company Description

Algorand is a Boston based company that is developing a blockchain network with a Pure Proof of Stake (PPoS) consensus mechanism. Algorand's decentralized platform is designed to enable faster transaction times and remove some of the technical barriers of creating scalable DApps. Algorand was founded by Silvio Micali, a pioneer in the field of cryptography.

CyberMiles is developing a decentralized ecosystem for e-commerce. Their blockchain platform will provide users a library of e-commerce focused smart contracts to develop DApps and will facilitate decentralized settlements between parties.
The Cybermiles blockchain will be optimized specifically for e-commerce exchanges and will maintain records of users' identities, credit histories, and reputation scores. Users will be able to enter into smart business contracts without human intervention.
The CMT token will power the CyberMiles e-commerce network

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