Fermat project
Fermat is a collaborative, technology project advocating for a free, secure, decentralized and information space in which people’s interests are placed ahead of those of corporations, states and unnecessary third parties in general.
Fermat leads the development of the Internet of People (IoP), a technology infrastructure consisting of interconnected peer-to-peer networks hosting people’s profiles, reputation and identity information. The Internet of People allows the discovery of both known and unknown people and, ultimately, enables direct device-to-device communication over the Internet and direct person-to-person interactions via person-to-person applications. The Internet of People incorporates blockchain-based native , IoPs, as incentive for operators running IoP software.
The Internet of People is meant to enable the , he designed the Internet of People’s architecture while working in . The release included the IoP token blockchain, distributed mining software and IoP (token) Wallets.
In 2017 Fermat launched an alpha testing version of the Profile Server, a key component of the Internet of People that enables users to discover other user’s profiles and establish a device-to-device connection, along with the Location Based Network (responsible for Geo-localized services<ref name=”FinanceMagnates20170217″/>
Contents
Vision
Fermat’s vision is to enable and produce a disruption in what the organization perceives as a trend towards centralization of information and social interactions.<ref name=”btcmanager20160503″/><ref name=”ForkLog20160628″/><ref name=”StreetFight20160510″/> The project aims to empower people by allowing them freedom to administer their , protect themselves from , or , and establishing direct person-to-person interactions without unnecessary middlemen.<ref name=”btcmanager20160503″/><ref name=”BlockchainNews20160426″/><ref name=”LaissezFaire20160428″/><ref name=”EconoTimes20160427″/><ref name=”StreetFight20160510″/>
Decentralization
The organization argues that centralization has enabled unprecedented concentration of power leaving people defenseless against what they perceive as abusive behavior from entities such as governments, states and corporations.<ref name=”ForkLog20160628″/><ref name=”LaissezFaire20160428″/><ref name=”StreetFight20160510″/>
Disintermediation
Fermat sees unnecessary intermediation as a hindrance to human interaction. In the organization’s view, intermediaries should only participate in a transaction to add specific value.<ref name=”ForkLog20160628″/><ref name=”LaissezFaire20160428″/><ref name=”EconoTimes20160427″/><ref name=”StreetFight20160510″/>
Direct device-to-device communication
Fermat sees direct device-to-device communication over the internet facilitated by decentralized peer-to-peer networks as part of the technological infrastructure required to achieve the vision.<ref name=”Forbes20160426″/><ref name=”btcmanager20160503″/><ref name=”BlockchainNews20160426″/>
Person-to-person applications
A person-to-person application interacts directly with an application on a second device over a device-to-device connection.<ref name=”BlockchainNews20160426″/> Person-to-person applications are also regarded as part of the elements required to achieve the vision.
Internet of people
The Internet of People (IoP) is an information space where people’s profiles are identified by a and interlinked by profile relationship links. Profiles can be accessed via the Internet. Fermat developers wrote the first profile server computer program in 2016, in Switzerland. The Fermat IoP Profile Server was alpha-released in February 2017.<ref name=”StreetFight20160510″/><ref name=”IrishTechNews20170223″/><ref name=”FinanceMagnates20170217″/>
The Fermat organization claims the Internet of People enables the development of the person-to person economy and constitutes an alternative to the for person-to-person and company-to-person interactions.<ref name=”CoinSpeaker20170216″/><ref name=”IrishTechNews20160507″/>
Function
IoP profiles are—primarily—data structures whose format depends on the profile type. Formats are standardized by the Internet of People Consortium. In addition to profile data, IoP profiles may contain profile relationship links.<ref name=”CoinSpeaker20170216″/><ref name=”IrishTechNews20160507″/><ref name=”ForkLog20160628″/> A single individual can have multiple profiles and can choose to link those profiles between each other and to other people’s profiles. The interlinking of profiles conforms a global, publicly accessible with all kinds of relationships.<ref name=”IrishTechNews20160507″/><ref name=”CoinTelegraph20160430″/><ref name=”ForkLog20160628″/>
Client apps upload end users’ profiles to the IoP and keep an active connection with the profile server hosting their profiles. End users can then search the Internet of People both for people they know and people they do not know, and use that open connection on every profile to acquire a device-to-device connection.<ref name=”CoinTelegraph20160430″/><ref name=”LaissezFaire20160428″/><ref name=”ForkLog20160628″/>
Profile servers run on top of two different decentralized peer-to-peer networks: one used as a content delivery network, and the second one as a Geo-localized network. IoP connected client apps can use the IoP as a decentralized discovery layer and for the signaling process that ends in a device-to-device connection. Once connected, IoP apps can interact directly between each other without unnecessary middlemen.<ref name=”CoinTelegraph20160430″/><ref name=”ForkLog20160628″/>
Companies can search for and find people’s profiles. They can use the connection end user’s devices have with profile servers to contact them for purposes like: product offerings, delivery of advertisements, acquiring end user’s personal data, etc.<ref name=”ForkLog20160628″/> In all possible use cases initiated by companies (company-to-person interactions) payments are required from companies and paid to end users via the embedded IoP cryptocurrency, IoP tokens.<ref name=”IrishTechNews20170223″/><ref name=”CoinSpeaker20170216″/><ref name=”StreetFight20160510″/>
The Internet of People introduces the concept of Application Services. These are services running at end users’ devices which operate through a communication protocol standardized by the IoP Consortium.<ref name=”StreetFight20160510″/><ref name=”ForkLog20160628″/><ref name=”LaissezFaire20160428″/> These protocols are fundamental for IoP apps . Different IoP apps using the same Application Service can interact because they adhere to the same communication protocol. IoP then acts as the connecting tissue of different private networks of people.<ref name=”CoinSpeaker20170216″/><ref name=”StreetFight20160510″/><ref name=”ForkLog20160628″/>
Chapters network
Fermat is represented through local chapters in over 60 countries as of January 2017.<ref name=”IrishTechNews20170223″/><ref name=”CoinSpeaker20170216″/> Chapters are licensed by the central organization to mine IoP tokens.<ref name=”IrishTechNews20170223″/><ref name=”BanklessTimes20170218″/>
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