Fermat announces alpha release of blockchain-enabled open source project

Fermat has made upgrades to the technology and architecture behind the decentralized and blockchain-enabled open source project Internet of People (IoP). Its goal is providing device-to-device communication independent of any entity of web server.

Since its April 2016 launch, Fermat has added more than 60 national and regional chapters, each mining IoP tokens in a decentralized manner.  Each chapter president is charged with advocating  for the project in their community, running testnet nodes, organizing meet-ups, marketing, and token mining. Every chapter can run a single mining node and earn IoP tokens from the IoP blockchain as their reward.

Fermat has also built and implemented the IoP blockchain and distributed mining software and IoP wallets.

Profile Server, Fermat’s latest alpha release, was described by Fermat as the cornerstone of the IoP system. It enables any user to discover another’s profile and create a direct device-t0-device connection between them.

The IoP is the vision of founder Luis Molina.

“Completing the development of the Profile Server is a significant milestone for the project, as it is an essential component of the Fermat infrastructure,” Mr. Molina said. “This combined with the completion of our Location Based Network and Contact Address Network puts us firmly on track to meet all of our development goals in 2017.”

Fermat said the Location Based Network is the foundation for the geo-localized services it will offer to entrepreneurs building IoP-connected apps. Future services built on the Fermat stack can partner with LOC NET nodes.

Recently added project partners include Swiss advisory firm Heimdall PE Partners AG, Lyons Communications founder Tom Lyons, iprotus CEO and cofounder Søren Fog, and Never Stop Marketing CEO Jeremy Epstein.

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