Mon Nov 23, 2015 8:24 pm

I am an entrepreneur. I started my career 20 years ago building banking systems. 16 months ago I founded Fermat : A peer to peer Financial Application Framework. We have been in stealth mode until just now, so it is quite logical that you have never heard about us.Fermat in a nutshell is a P2P Network for transporting meta-data and a Plug-ins Framework to build P2P Financial Applications that are both crypto currency and digital assets enabled. The goal is to decentralize the full stack up until the GUI in order to enable an ecosystem of financial applications that do not require trust and are censorship resistant.Here is and introduction taken from our white paper so that you can have a quick pick into what we are building:FermatA Peer-to-Peer Financial Application FrameworkAbstractA peer-to-peer financial application framework could allow standalone crypto wallets to evolve into any kind of peer-to-peer financial applications.Developing peer-to-peer financial applications is challenging. Crypto networks provide part of the solution as a system of electronic cash, but the main benefits are lost if a trusted third party is still required to transport meta-data, synchronize devices, hold wallets files or keys, manage identities, interface crypto networks or the legacy financial system.We propose a peer-to-peer network for transporting meta-data and inter-connect network clients between each other. A synchronization scheme running on top of it transform a standalone app into a distributed application across several devices still owned by the same user.We propose a framework to replace the standalone wallet application. This framework handles the full stack on top of crypto networks up to the user interface. In this way we enable the development of peer-to-peer financial applications that are both crypto-currency and digital-asset-enabled, and that does not require a trusted third party of any sort.IntroductionStandalone bitcoin wallets were the first generation of trust-less financial applications since they didn't require to trust any third party, inheriting this property from the bitcoin network itself. As the ecosystem evolved, trusted third parties were introduced again and they took over the wallet space because of technical capabilities that are easier to build in a centralized way: communication between wallets, synchronization between devices, interfacing the legacy financial system, securing funds, etc., and they consistently took the biggest share of funding, leaving standalone wallets far behind and at the same time trashing the benefit of bitcoin of not relying on trust, one of its key features. Applications trying to use the blockchain to transport meta-data were considered spammers and standalone wallets were effectively left behind.What is needed on top of all existing protocols is a layer that faces the end user and that finishes the job bitcoin started respecting its core principles of openness, decentralization and privacy. Using crypto networks for transporting value or as a registry for digital assets and the Fermat Network for transporting the required meta-data at a network client level, allows financial apps to run any user-level interconnected-functionality without ever going through a trusted third party.By choosing a plug-in architecture for the Framework we make it possible for any developer to add their own reusable components. We define micro-use-licensing-scheme as the mechanism for plug-in developers to monetize their work. The Framework itself enforces these micro-use-licenses and guarantees developers a revenue stream.OS dependent GUI components are built on top of the multi-layered plug-in structure to face the end user as wallets or financial applications in general. Apps and wallets with similar functionality are wrapped into what we call platforms, each one introducing new plug-ins, to the ever increasing functionality of the whole system.A built-in wallet-factory allows developers to reuse the highest level components and create niche-wallets or niche-financial-apps by combining existing functionality and adding their own code to the combo. A built-in wallet-editor allows non-developers to reuse any of these niche-wallets to build new branded-wallets just by changing their look and feel. A built-in p2p-wallet-store allows end users to choose which wallets or financial apps to install from the ever growing catalogue.To continue reading (it is not too long) please follow this link:To learn more about our vision, please check out the README at our github repo at:We have a nice view of Fermat's Architecture at:PLease, Ask Me Anything.