.بسم الله، والحمد لله، والصلاة والسلام على رسول الله وعلى آله وصحبه ومن اهتدى بهداه
What does the CBS5M abbreviation mean and what problem does this project solve?
So, as many people know, with the arrival of Bitcoin and cryptocurrencies, the world saw decentralized finance for the first time - or DeFi for short.
Put simply, DeFi is huge amounts of money - right now, hundreds of billions of dollars - moving around every single day without banks or governments controlling it. And that number keeps growing, day by day.
But decentralization isn't stopping at just DeFi. It's happening in other areas too - data storage, computing power, internet infrastructure, DNS, identity and reputation systems, social media, content and media, governance and organizations, science and education, and so on.
This global trend that's coming at us is throwing down a serious challenge to all of humanity. Add to that the fact that advancing technology could lead to rising unemployment. I mean, AI alone is already replacing tons of human jobs.
The key question here is: how are all these critical sectors going to work when they're completely out of the control of governments, public services, and corporations - the ones that used to provide relative safety and regulation?
We see two possible scenarios. Either humanity destroys itself in chaos, or it increases its knowledge, adapts to reality, and learns to use innovations for the benefit of itself, society, and future generations.
Since all nationalities, races, peoples, tribes, and communities live on one shared planet, forming a single society, ethics, respect for people and their unique identities, fairness, and goodwill towards others become the key to survival.
Developing sustainable, ethical small businesses in harmony with society and the environment can help realize human abilities and talents for the benefit of the person themselves, their loved ones, their nation, all of society, and the environment.
The letters CBS stand for "Communities Business Solutions" - meaning solutions aimed at helping various communities develop and run businesses. The "5M" added to it represents 5 million project tokens on the blockchain. Put it all together and you get the company name: CBS5M.