DigitalFlyer: The Most Affordable Business Service Platform in South Africa Introduces the Community Business Token

Adria Parcerisas Albés

Mar 11·4 min read

Introduction

Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.

An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant’s database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.

Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.

For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

So, the project I’m going to present you is DigitalFlyer (https://www.communitybusinesstoken.com), an existing and growing business community that offers all the advantages of online marketing, web presence, business consulting, financial management, human resource management and almost every aspect of running and managing a successful business.

Definition

In more detail, DigitalFlyer (https://www.communitybusinesstoken.com) is both a business-to-consumer and business-to-business platform focused on serving small and medium-sized businesses, connecting customers with the service provider or product of choice.

Goals

DigitalFlyer’s main goal is to create its community token, called CBT, which allows any type of community business, to enter the digital age of doing business, while funding community projects for improvement and empowerment.

Features and benefits

With CBT, DigitalFlyer becomes more than just a business listing or marketplace. It is growing a business community. CBT provides a transparent and stable business platform for the benefit of service and product providers and their customers.

How does it work?

The following diagram shows the flow of functionalities for business partners, currently available on DigitalFlyer:

Bounty program

You are a lucky person! DigitalFlyer are giving away 100 CBT for first registered users. Use this link (GET 100 CBT) to become an early member of the platform and get 100 CBT for free!

Furthermore, the project gives the opportunity to earn CBT tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Thread here (https://bitcointalk.org/index.php?topic=5320387.0), where you can access the link in order to see what are the conditions to become an early CBT contributor and start acquiring tokens.

For more information about the project, you can visit and read their WhitePaper available here (DigitalFlayer_WP). You can also stay tuned in their official Telegram Channel (https://t.me/cbtico). I hope you liked the post and soon I’ll send you new ones.