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Fermat , a decentralized and Blockchain-enabled modular app platform two years in the making, today announced the publication of a landmark white paper describing an extraordinarily ambitious project intended to revolutionize peer-to-peer economy and mobile software development. After 2 years in stealth, 60+ full time contributors now collaborating to develop global open source platform that will launch the “Internet of People”. The app framework, which incentivizes collaborative, component-based design and shared ownership tracked and paid over the Blockchain, is now in alpha testing and has already received critical acclaim from industry heavyweights. In a recently released White Paper, the Fermat organization outlines its vision of a mobile platform that will enable users to connect with each other, without the need for a third party intermediary (company or centralized marketplace) providing “matching” services. Fermat users will be able 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.
In addition, Fermat is cryptocurrency-enabled to allow for the global exchange of value. Peer-to-peer by design, Fermat features built-in privacy controls for all transaction types. The result is a peer-to-peer platform that eliminates intermediaries and enables ownership and monetization of digital content and personal information.
The Fermat vision calls for the development of a large library of sharing economy mobile applications through this platform. To achieve this goal, Fermat proposes a new software development model that allows for collaboration and increased efficiency. It introduces the concept of component ownership on large, open source projects, incentivizing creators with a stream of recurring micropayments paid by end users and enforced by the system itself. These reusable software components can be combined and recombined across an ever-expanding library of […]
