Fermat, the decentralised, blockchain and graphchain-enabled open source project developing the Internet of People (IoP), today announced their partnership with Cicada, a distributed direct democracy and decentralized application platform. The project joins Fermat to drive continued development in decentralization.
Launched in April 2016, Fermat is building the world’s only infrastructure with an open social graph, decentralized APIs, and direct device-to-device communication. The Internet of People is designed to make it more cost-effective for businesses to scale globally by removing unnecessary intermediaries, promising to make transactions of the future inherently less expensive and more secure.
“Fermat is above all an alliance of values, which is striving to create a more decentralised world where people’s privacy is respected and power is held accountable. It is our aim to collaborate with projects like Cicada, which share these values and furthermore support our fundamental principles of diversity and personal liberty,” said Luis Molina, Founder of Fermat.
“We have a strong belief in communities and collaboration. Each of these projects take a particular approach to analyzing the problems and focus on certain areas. By joining forces, we end up working with a more holistic approach and are able to deliver better and more comprehensive solutions. This is exactly the case with Cicada – a project which has completed a significant amount of work analyzing the issues of identity, reputation and governance,” added Molina.
Founded by system architect Daniel Jeffries, Cicada is a distributed direct democracy and decentralized application platform which aims to revolutionise governance on a global scale. It uses a privacy-guaranteeing, decentralized identity and a novel proof of work that promises to deliver a universal basic income and provide immunity against mining centralization.
“Partnering with Fermat was the natural choice for us. There was an instantaneous connection from the start. Our ideas and values overlap in so many ways. The leaders of both teams knew right off the bat that we’d be stronger together. Cicada will help Fermat with getting decentralized IDs right, along with the reputation system, as well as building the first killer apps for the Internet of People. Working in a silo only gets you so far. To really flourish you need to work together towards a higher goal, and that’s what this partnership is all about,” said Daniel Jeffries, Founder of Cicada.
“The collaboration is having a huge impact on Fermat’s analysis of our Governance 3.0 system. By integrating Cicada’s concepts into the Internet of People’s identity, reputation, and governance solutions, our platform becomes stronger, and at the same time we ensure that Cicada will be able to use the platform to achieve their own goals. It’s a win – win collaboration,” said Molina.
In addition to developing partnerships, the Fermat Community has also continued to grow, with over 40 Chapters opening since February 2017, bringing the current total to 107 worldwide, including in Australia, UAE, Canada, Brazil, Singapore, the UK, USA and across Europe.
“Fermat and Cicada working together is a much stronger package that the sum of individual parts. Synergy happens at multiple levels, including a renewed capacity to attract more people, communities and projects. We strongly believe in collaboration over competition and that organisations, sharing the same values, can work together to achieve outstanding success. We expect a lot more projects to join forces generating substantial momentum within the industry,” concluded Molina.
For more information on Fermat and the Internet of People, visit: http://www.fermat.org.
- Toronto’s Creative Destruction Lab Joins Facebook’s Libra Association - June 19, 2019
- Australia’s Power Ledger to bring P2P Energy Trading to Austria - June 19, 2019
- Litecoin Foundation Teams Up With Bibox And Ternio On Special Edition Litecoin Debitcard - June 19, 2019
- US Legislators Call for Halt to Facebook’s Cryptocurrency Plans – And to Face Congress - June 19, 2019
- Hyperledger Welcomes Diverse Line-up of New Members for Identity Project - June 18, 2019
- Facebook Announces Calibra Digital Wallet and Libra Cryptocurrency - June 18, 2019
- MIT Professor Silvio Micali’s Algorand Project Announces Date for First Auction - June 6, 2019
- SEC sues Canadian Messaging Service Kik Selling Unregistered Securities in its $100 million ICO - June 4, 2019
- CrowdEngine Teams Up With Polymath Adding Security Token Issuance to List of Crowdfunding Services - June 3, 2019
- Bitcoin Inc. CEO Morgan Rockcoon Busted – 21 Months in Prison and Fines - June 3, 2019
- Reshaping a Nation’s Logistics Sector: Singaporean Blockchain Company PLMP Cuts Multimillion Dollar Deal With Indonesia - June 3, 2019
- Swisscom TV Opens Blockchain-based Art Gallery - June 3, 2019
- Canadian Messaging Service Kik Burns $5 Million Fighting SEC Over Utility Tokens, Now Raising $5 Million More to Continue Battle - June 3, 2019
- Salesforce Introduces CRM Blockchain Platform For Selected Clients - June 3, 2019
- Block.one Plans to Tackle Pitfalls of Social Media With New Blockchain Community Called “Voice” - June 3, 2019
- CasperLabs and Ethereum on Proof of Stake Protocol at CryptoChicks in Toronto, family ran Hack-A-Thon for blockchain family - June 3, 2019
- World Economic Forum Inaugurates Global Blockchain Council to Address Lack of Well-Defined Rules for Working with Blockchain - May 29, 2019
- India’s First Blockchain Powered VoD Platform ‘myNK’ Launches At Cannes Film Festival - May 27, 2019
- New Zealand’s Cryptopia Exchange Packs It In – Announces Liquidation - May 15, 2019
- Canadian Blockchain Expert Alex Tapscott and NextBlock Global Limited to Pay $1M for Misleading Investors - May 15, 2019