Internet of People Announces Distributed Governance Model with Contribution Contracts
Fermat, the blockchain and graphchain-enabled open source project developing the ‘Internet of People’, has announced the release of its distributed governance system featuring an embedded voting system. Inspired by the cryptocurrency Dash, it adds special features including community-cancellable contracts.
Launched in April 2016, Fermat is building an infrastructure with an open social graph, direct access channel to people and direct device to device communication. Referred to as the Internet of People, it is designed to remove all unnecessary intermediaries, resulting in cheaper transactions.