Global blockchain project Fermat releases architecture upgrade for its 'Internet of People'

 
Feb. 17, 2017

Fermat, a global blockchain project, has upgraded its architecture to enable any user to discover another user's profile and establish a device-to-device connection, according to a press release.

The project boasts more than 60 national and regional chapters worldwide, all of which have been established to mine "Internet of People" tokens in a decentralized manner.

Launched in April 2016, Fermat seeks to enable device-to-device communication, independent of any entity or web server. Data will be stored on end user devices, and applications will be built to interact with each other directly. This will be enabled via person-to-person apps as part of a new technological paradigm, referred to as the Internet of People.

Fermat has implemented an IoP token blockchain, and has distributed mining software and IoP wallets. Mining licenses are issued to Fermat local chapters.

The latest technology to be released is the Profile Server, which will enable any user to discover another user's profile and establish a device-to-device connection.

"Completing the development of the Profile Server is a significant milestone for the project, as it is an essential component of the Fermat infrastructure," Luis Molina, founder, said in the release. "This, combined with the completion of our location-based network and content address network, puts us firmly on track to meet all of our development goals in 2017."

The location-based network is the foundation for the geo-localized services Fermat will offer to entrepreneurs building IoP connected apps. Services built on the Fermat stack will be able to partner with location-based network nodes.


Topics: Blockchain, Money Transfer / P2P


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