Fermat, the Internet of People and the Person to Person Economy
This is our vision about a decentralized and connected human species. It is also a plan on how to get there. Decentralization makes humans more resilient and eventually free. We offer an alternative to the current path where all humans will be connected to a matrix-like entity that will control it all, or a similarly ugly future as the one described at George Orwell novel “1984”.
The Fermat Project
We envision a world where people can freely interact electronically without unnecessary third party interferences. Both for social and commercial interactions. No spying, no censorship, no taking a cut on private transactions between individuals, no mining of private information, no unnecessary middlemen. A world where people are more important than entities like companies and states, a world where people have the choices and the means to interact directly between each other.
We have been living inside an ongoing trend towards centralization of power and control. In present time a handful of entities (giant companies or conglomerates and some states) dictates what a huge percentage of the world population can or cannot do. In this current path it is not difficult to predict that someday in the future some entity will control it all and there is when things can go really bad. Fermat is a community of people standing up against this trend, aiming to create a future where humans will be connected between them but in a decentralized way.
We need direct device to device communication, with data being stored at end user devices and apps built to interact with each other directly, over the Internet but without going through the web or requiring any service from any company or institution. We need Person-to-Person Apps that can run independent of any entity. This is the Fermat Project vision.
The project is 27 months old. The first year a handful of people joined forces to forge the vision and design the system architecture. The second year more than a hundred people collaborated to prove the concept was viable. We are now at the beginning of the third year, already producing production quality code. Over the course of the next 12 months we expect to release all the Internet of People components (there are many, and it is a technically challenging project). From there we will move on to bootstrapping the P2P economy, creating tools and client-side infrastructure to easily develop device to device P2P Apps.
Bitcoin, Ethereum and the Internet of People
The concepts of Bitcoin, Ethereum and the Internet of People share a lot of similar properties. But if you take a closer look, you will find some major differences. Here we explore those differences and learn how any decentralized app can take advantage of the individual services these networks provide.
More About Fermat
Fermat is an ambitious project. I admit it is complex and sometimes dificult to understand. There is a reason for that, and it is because in order to accomplish its mission we need to solve a long list of problems, all at the same time. I have found that the best way to explain Fermat is by writing short stories about it.
Luis Fernando Molina, Founder.
…“We will see an evolution from social to peer-to-peer,” says Molina.
because it is a device-to-device-based network…
“…it will provide a web solution without third-party interference,which gives the platform several advantages. Privacy, cost and the removal of “arbitrary rules”…”
“…Fermat is cryptocurrency-enabled to allow for the global exchange of value. Peer-to-peer by design, Fermat features built-in privacy controls…”
“…a new software development model that allows for collaboration and increased efficiency. It introduces the concept of “component ownership”…”
“…Fermat was designed to empower an ‘Internet of People’ in contrast to a ‘Web of Companies’ and to advance the P2P era and economy…”
“…A decentralized and blockchain-fueled app platform which has existed in proof-of-concept mode for two years, Fermat has now officially launched …”
“…Fermat (a name derived from a French attorney/mathematician) is comprised of a team of over 60 full-time … crafting a new “Internet of People”…”
“… The great thing about this Internet of People, in contrast with the current web, is the option of freedom from third parties …”
“…Imagine an on-demand service that requires no proprietary app to engage — food delivery for instance…”
“…Existe una cierta carrera mundial por ver quién produce la “killer app”, o la aplicación que masifique el uso de Bitcoin…”
“…almost any use case currently functioning on the web or on mobile can be created on the Fermat system in a p2p format…”
“…help businesses reduce their cost to develop applications by creating a platform where developers can sell pieces of code…”
Read the Draft of the Internet of People Whitepaper. This cover the short term vision of the Fermat project. Technical details are discussed at the Software Requirements Specification document.
Software Requirements Specification
Developers: Here you will find the technical details and definitions that are being implemented. Your suggestions and comments are welcome.
IoP Token Wallets
Secure your IoPs
Cold Storage Tutorial
for Ubuntu 16.04
Mainly Investors, Privateers and People that dont want to depend on their Bank use this technique. The Concept is easy: Install the IoP-Wallet and all its dependencies on a computer, that never touched the Internet, not even to install the wallet and its many dependencies. This ensures 100% safe Wallets that are tamper free and completely risk free.
IoP Decentralized Mining
IoP tokens are currently mined by Fermat Local Chapters only. If you would like to mine IoP tokens you need to become a member of your local Fermat Community. All the information regarding IoP token mining can be found here. There you will find the instructions on how to become a member of a local chapter or found your own chapter to be able to mine.
Buying IoP Tokens
You can buy IoPs with most fiat currencies at Bitcoin Suisse AG. Also if you are not sure how to hold your IoP token securely, Bitcoin Suisse AG can hold them for you. IoPs currently can be traded at these two crypto currency exchanges: BitTrex.com and C-CEX.com. A complete price and volume history can be found here.
Bitcoin Suisse AG
Buy IoPs over the counter with bank transfers in USD, EUR and other major currencies and if needed keep them safe at the most reputable crypto bank worldwide. Open an account to buy IoPs here.
Lan Tschirky provided two rounds of angel capital. The first one in 2015 allowed the project to clear the prototyping phase. The second one in 2016 enabled the implementation of the first set of IoP components.
Luis Fernando Molina
The project was founded in 2014 by Luis Fernando Molina. It took him 6 months with the help of early advisor Guillermo Villanueva to define the first vision, which later evolved with the help of Philip Farah into the Internet of People.
These are currently the most committed developers. Any dev is welcome to join the project and participate. With the deployment of our decentralized governance system we opened the door to any individual developer or software development company to submit project proposals to be voted by the community.
These great companies are already helping the Fermat Project succeed. More deals with other companies are on the pipeline. If your company want to provide services to the Fermat Project, please contact us and we will help you follow the right procedure.
Bitcoin Suisse AG
Bitcoin Suisse it is our crypto bank partner. Bitcoin Suisse sell IoPs for USD, EUR, CHF, BTC, ETH and many more currencies.
Heimdall PE Partners AG
Heimdall is our financial partner. Heimdall is responsible for financing the project.
Wachsman PR is our Global Public Relations Partner.
Lyons Communications is our communications strategist.
Never Stop Marketing
Never Stop Marketing is our global marketing partner. Never Stop Marketing is responsible for the marketing strategy of the project.
There are so many innovations in this project that we need a team of researchers to go deeper in the new spaces created. The Internet of People Consortium is the official research arm of the project.
Community & Chapters
Markus and Sarah are willing to help you join the Fermat Community. Whether you want to mine IoP tokens, join the discussions, found a local chapter in your community, you’d better ask Markus or Sarah for help if you can not find the way.
Infrastructure | Community
Social Media | Community
Fermat Chapter Network
The Fermat Community is organized in Local Chapters. There is a chapter at every country and by contacting the local representatives you can have assistance in your local language. Find below the list of local chapters already running. You can participate in the project by joining a chapter or funding one if there is none in your reagion. For an easy to understand explanation on how to become a member of a local chapter plese read this post. Find here more information on the way the fermat community is organized. Here it is an up-to-date list of local chapters and the contact information of the current leadership.