We believe we can build a better future.
Artist Interpretation of the Fermat System Architecture.
Artist Interpretation of the Fermat System Architecture.
Everyone is part of that future, simply by using Fermat software on their smartphones. This new Internet of People is connected to the current web, yet it is independent from it at the same time. It offers the option of privacy. People use Fermat to create different profiles for different purposes: for chatting, as a job seeker, as an owner of an apartment for rent, as a taxi driver, a doctor, a dentist, a date seeker, and for selling goods or services, etc. People can find each other and connect directly with those who share their interests. In some cases just for socializing, and in other cases for doing business. Fermat's software provides a set of specific apps designed for each type of interaction.
The great thing about this Internet of People, in contrast with the current web, is the option of freedom from third parties. This brings several advantages in terms of privacy, cost reductions and removal of arbitrary rules. At the same time traditional businesses and business operators are also available. This means that people can choose each time between doing business by themselves or through third parties in the cases where that provides greater benefits.
Fermat introduces several original concepts that we envision for the future. Among the most important ones are the Internet of People and the Peer to Peer Economy. The P2P Economy is enabled by the Internet of People and its main feature is allowing people to choose between pure P2P transactions or intermediated ones.
Fermat is the system that enables the Internet of People. It is open source and it is being built by dozens of talented people around the globe. Anyone can join the project and contribute their expertise. An alpha version with limited functionality is already available at the Play Store.
Fermat seeks to merge mobile operating systems, like Android, with a blockchain agnostic collaborative framework for dynamic P2P applications. Immediate parties to the transactions will enjoy more direct control and ownership of all of their data and digital purchasing power.
Fermat's master plan includes the path to developing more important capabilities and use cases. A framework for collaboration has been created to facilitate phase by phase accomplishment of the master plan. The plan excludes duplicate functionality, saving both time and money.
In the last 20 years virtually everything went digital: pictures, music, videos, mails, etc. Nevertheless we still have cash as paper money. The reason is that digital information can be cloned, and if digital cash could be cloned it would render it useless. Fortunately, when bitcoin was invented it brought with it the solution to the last barrier preventing money from going digital: the solution to the double spend problem.
We firmly believe that the next decade will witness governments issuing digital currency based on blockchain technology, as some have started to do. We expect paper money is going to disappear within the next 5 to 10 years. Thus a strong consumer demand for a range of digital wallets will inevitably emerge.
Wallets that will evolve into sophisticated financial applications to serve the diverse needs of the world's population. To faciliate this Fermat provides APPs with the ability to easily handle digital cash and digital assets.
We're building an open source framework that combines blockchain and P2P tech to allow anyone, anywhere to find, communicate and transact with anyone, anywhere without unwanted third party involvement or privacy risks.
Fermat seeks to upgrade mobile operating systems, like Android, with a blockchain-enabled, collaborative framework for dynamic P2P-based commercial applications. Immediate parties to transactions themselves would enjoy more direct control and ownership of all of their data and digital purchasing power.
Fermat's app framework incentivizes collaborative, component-based design and shared ownership tracked and paid over the blockchain.
Our master plan includes the most important capabilities and use cases that need to be developed. A framework for collaboration has been created to realize that master plan, phase by phase. The plan excludes duplicate functionality, saving both time and money.
Fermat is a movement that includes dozens of people across the world - including developers, designers and business people - incentivized via venture funding, cryptocurrency tokens, bounty programs and software component ownership - to build out the project and make it a success. It also includes a application token system to incentivize the provision of the required hardware and development of infrastructure and applications.
Fermat’s network consists of specialized nodes that enable devices to communicate with each other to securely and autonomously exchange information, while Fermat’s framework sits on top of a device’s OS, like an extension that supports the ecosystem of Fermat apps. This ecosystem is formed, like a complex organism from a network of cells, from a vast set of interconnected, reusable atomic components, with several of them being the user interface (a Fermat app). We are proud to have recently released an alpha prototype on the Google App Store.
We want to make it possible for Internet users to chat, get a taxi, rent apartments, find a date, publish and search classifieds, find a job, hire or provide freelance services, get digital coupons, vouchers, and discounts, pay with fiat or cryptocurrency, and much more - directly with identity and privacy settings they fully control. We foresee a giant user-controlled distributed directory of all users, with their selected social profiles, professions, the products and services they provide and more.
CEO & Founder
Chief Executive Officer Luis is a visionary and an innovator who founded Fermat in 2014.
Luis has extensive financial industry experience and particularly in architecting mission critical software. He specialized in internet banking and security consultation.
In 2010 Luis pioneered computational design developing a software for the generation and manufacturing of boundless non-repetitive, geometric patterns, and founded Nomad Inception in Dubai. Luis was subsequently invited to lecture on Islamic art throughout the globe.
At Microsoft Corporation Guillermo was responsible for the start-up of a new consulting business within the Latin America and Caribbean region, focused on delivering IT Strategy and Architecture Planning services to the largest customers of Microsoft on that region.
He has over twenty seven years of professional experience focused on leading world-class IT Services organizations, having been responsible for developing and overseeing implementation of effective sales, marketing and delivery strategies on multi-country operations.
Non-Executive Member of the Board of Directors
Senior Managing Partner with Gartner Consulting and Founder of Blue Orange Innovations.
Philip started his career in the US as a management consultant with McKinsey and Co. specialising in retail banking and insurance. He held senior roles inCisco Systems and Capital One Financial.
Philip is now actively involved in advising and mentoring startups on growth strategies. He is an authority on the role of innovation and fintech in transforming payments, retail banking and wealth management in leading publications and forums around the globe.
Singer-songwriter, graduated from the Berklee College of Music. Founder of Crypto Media Hub.
Tatiana has an extensive music career that included two LPs, two EPs, several singles and a management and promotion at top NY recording studios. She became a premier female singer-songwriter and activist in the bitcoin and libertarian communities. She has toured, sung and spoke alongside Ron Raul, Gary Johnson, Jill Stein and Judge Napolitano at events including Inside Bitcoins, SXSW and Bitcoin South, She founded the Crypto Media Hub, a Bitcoin oriented marketing agency.
Chief of Wachsman PR, a WallStreet-based, fintech-oriented public relations agency.
David’s experience includes working in public relations at Linden Alschuler & Kaplan, as CIO at CTI Science, as a tech and marketing advisor at strategic technology consultancy AGMcLeod & Co.,as COO at app development firm Polin8 and political campaign management in Northern Virginia. David later joined advertising giant Ogilvy & Mather North America and then Ericho Communications, where he rose to become Executive Director.
International researcher and lecturer on crypto payments and distributed systems.
Katherine has an extensive experience in international management for technology companies, and particular expertise in scaling and internationalising projects and organisation.
She lectures on digital currencies and distributed systems, focusing on the ability of this technology to empower people and enabling autonomous sustainable communities.
Luis Fernando Molina presents Fermat at the 2015 Latin American Bitcoin Conference in Mexico City, December 4th-5th, 2015 (in Spanish).
Beautiful rendering of the evolution of the work done at the main code repository of the project in Github.
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