Fermat | Street Fight

Will an ‘Internet of People’ Threaten the On-Demand Heavies and Give Power to SMBs?

Rick Robinson

Will an ‘Internet of People’ Threaten the On-Demand Heavies and Give Power to SMBs?

Fermat wants to allow customers and small businesses (or people offering services) to talk directly to one another and pay for services using the likes of Bitcoin. As founder Luis Molina says: “Fermat aims to replace the ‘Sharing Economy,’ where powerful intermediaries extract significant value and information from every exchange.”