Fermat, the Internet of People (IOP) and the Person to Person (P2P) Economy

Fermat, the Internet of People (IOP) and the Person to Person (P2P) Economy
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Kategori : Cryptocurrency

Fermat

This is Luis Fernando Molina (Founder of Fermat)  vision a few suburbanised and connected human species. it's conjointly an inspiration on the way to get there. Decentralization makes humans a lot of resilient and eventually free. I supply another to this path wherever all humans are connected to a matrix-like entity which will management it all.

The mathematician Project

We envision a world wherever folks will freely act electronically while not supernumerary third party interferences. each for social and industrial interactions. No spying, no censorship, no taking a cut on non-public transactions between people, no mining of personal data, no supernumerary middlemen. A world wherever folks area unit a lot of vital than entities like firms and states, a world wherever folks have the alternatives and also the suggests that to act directly between one another.

We have been living within Associate in Nursing in progress trend towards centralization of power and management. In contemporary world a few of entities (giant firms or conglomerates and a few states) dictates what a large proportion of the planet population will or cannot do. during this current path it's not tough to predict that sometime within the future some entity can management it all and there's once things will go extremely unhealthy. mathematician may be a community of individuals standing up against this trend, attending to produce a future wherever humans are connected between them however in a very suburbanised manner.

We need direct device to device communication, with information being keep at user devices and apps engineered to act with one another directly, over the net however while not hunting the online or requiring any service from any company or establishment. we'd like Person-to-Person Apps that may run freelance of any entity. this is often the mathematician Project vision.

Which is that the path to urge there?

Today, eCommerce and electronic social interactions area unit dominated by a few of technical school giants. victimisation totally different technologies they need engineered large non-public networks of people at bay on those networks and subject to the absolute rules they impose and also the fees they charge upon users. folks in these non-public networks typically have their non-public data mined , and their privacy exposed and probably hacked. the trail out of the established order is that the following:
1.    Direct Device to Device Communication: we'd like to attach our personal devices between one another with direct association over the net.
2.    P2P Apps (Person to Person Apps): we'd like Apps for our personal devices that savvy to talk to every alternative directly over a tool to device association.

Device to Device Communication

Personal devices like your computing machine or your transportable connect with the net through your web Service supplier. In distinction with web net Servers, your personal devices don’t have a public web address that enables alternative personal devices to attach to them directly. meaning that once you use Associate in Nursing app to act with someone else, you're continuously hunting non-public servers in hand by the corporate that engineered that app. This company profits either by charging you a fee for his or her service, taking a cut on your transactions, forcing you to consume advertisements, mining your personal data, spying on your communication, or raising their valuation for having you on their non-public network or any combination of the previous.

There is no physical limitation for my phone to be connected on to your phone over the net. within the finish smart-phones also are computers. they're unable {to do|to try to to|to try Associate in Nursingd do} thus nowadays as a result of it's against the interest of powerful middlemen that take advantage of acting as an intercessor between you and American state. Artificial barriers area unit in situ nowadays preventing these device to device connections to require place. this solutions accessible continuously involve trusting a 3rd party middlemen to determine that association and also the risk related to that trust. the nice news is that these technical barriers is overcome without having to trust any explicit third party. we've got an inspiration for that and also the infrastructure required to be engineered is what we tend to decision the net of individuals.

The Internet of individuals

The Internet {of folks|of individuals} is that the new infrastructure we'd like to make to modify people to speak with one another victimisation their own devices directly while not hoping on any trusty third party to determine the association. Once this infrastructure is prepared and deployed, we are going to have enabled device to device P2P Apps.

This new infrastructure must run on prime of the net and got to be as suburbanised because the web itself. meaning that nobody can own this infrastructure and nobody ought to be able to management it. the net may be a network of various networks in hand and operated by many alternative firms and establishments. None of those networks especially is required for the net to perform. we'd like to inherit constant properties so as to make Associate in Nursing infrastructure as resilient because the web itself. The thanks to roll in the hay is with a P2P Network of nodes that may be in hand and operated in private however none of them may be a single purpose of failure, which means that the Network itself can't be controlled by any explicit entity.

Internet Service suppliers, the foremost common operators of those networks, take advantage of subscriptions paid by finish users to access the net. These subscriptions area unit freelance of the activities finish users do on the network or the business they run on prime of it. web of individuals node operators also will charge finish users subscription fees to use their nodes or the IoP Network normally. These subscriptions also will be freelance of the aim of the usage and also the business that people would possibly run on prime of it. the nice factor concerning IoP consumer software package is that it'll do everything attainable to cover these prices from finish users and manage incoming streams of tokens to mechanically obtained these subscriptions fees, manufacturing to finish users the perception that the service the IoP networks delivers is for free of charge.

P2P Apps (Person to Person Apps)

Since nowadays there area unit nearly no device to device connections, P2P Apps also are not here nonetheless. Once we tend to solve the matter of the way to connect one device to a different while not victimisation trusty third parties to determine the association, we are going to modify the existence of directly connected and secure P2P Apps.

These P2P Apps area unit ne'er attending to be developed if there's no incentive for the developers / entrepreneurs to jot down their code and market them. At constant time finish users of those apps would like a robust incentive to use them.

The main incentive for finish users to use these apps area unit cheaper transactions thanks to extreme disintermediation, or what we tend to decision the P2P Economy, similarly as accumulated privacy, obscurity and security. the inducement for P2P Apps developers can return from the demand of latest P2P Apps coming back from finish users already within the P2P Economy.

What is the P2P economy?

The person to person economy is a district of production, distribution, trade, and consumption of products and services by totally different agents in a very given geographical location once there's no company as intercessor between customers UN agency don’t grasp one another or if there's its influence is decreased . In alternative words is that the economy ensuing of maximum disintermediation, wherever most of the middlemen area unit removed.

Saving cash on a standardized basis across many use cases may be a powerful motivation for finish users to modify from in private operated networks to the P2P economy. we'd like the P2P Economy as a result of it'll become the engine that propels the usage of P2P Apps, that successively can produce a requirement for a lot of P2P Apps Associate in Nursingd so an incentive for P2P Apps developers. The P2P economy may be a virtuous cycle and it stops growing once the majority middlemen area unit removed and the majority worth stays between the parties concerned in every dealing. The P2P economy plus the IoP has the additional advantage over centralized platforms of permission-less innovation.

source : www.fermat.org
            www.hackernoon.com

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