NEW YORK, US - Media OutReach - 24 July 2018 - Internet of People (IoP) is a digital cooperative using
blockchain and revolutionary peer-to-peer technology to help everyone connect
and do business free from censorship or obstruction and without compromising
their digital privacy.
modern Internet has transformed all our lives, but rapid advancement has come
with huge costs. "Move fast and break things" has been the driving motto of
online tech development over the past decade.
now things are broken.
on the brink of a data crisis. Companies harvest far more data than they need,
store it insecurely, and then regularly sell and misuse it. Over-reaching
governments force companies to hand over users' private information. Data
breaches are a daily occurrence. And once your data and identity are out in the
wild, there's no way to reclaim them.
centralized model runs contrary to the original idea behind the Internet. It
pretends to connect us but actually locks users away behind numerous barriers.
The only way through is to pay, either with money or with data. And when things
go wrong, it's the users who suffer while companies
keep the profits.
was supposed to be the answer: eliminate the greedy middlemen and restore power
to the users. But if anything the problem is worse: the lure of the ICO funding
model has trumped the values which crypto was built on. Now projects pay lip
service to decentralization while hiring old-world PR agencies, lawyers and
"advisors" who do nothing but look good to whale investors only interested in
making a quick profit.
is doing decentralization right: freedom, privacy and commitment to
decentralization inform every part of our project, from the software we create
to the way our organization is structured. We want to bring crypto to everyone,
so we're building technology people actually need and providing educational
resources to help them understand crypto and its benefits. We're collaborating
with major universities to streamline their processes and add blockchain and
crypto to the curriculum (and not just computing -- crypto will be relevant to
almost every modern discipline).
just putting the finishing touches to our alpha version of Mercury, a
communications protocol and dApps platform that punches through all the modern
corporate and government barriers to connect users in true peer-to-peer
fashion. dApps on Mercury can provide all the services modern centralized
companies provide, but users retain complete control over their data. Companies
only get the data they need to provide their services, private data is
encrypted while public data is signed and stored across a decentralized network
maintained by peers, and wherever possible data never even leaves your device.
cryptocurrency, IOP, powers our own blockchain, which has been running stably
for years. We currently run a slightly modified proof-of-work consensus which
uses whitelisted addresses to avoid the ASIC trap and ensure all our global
members get a chance to mine. This year we're presenting a brand-new consensus
mechanism based on directed acyclic graphs (DAGs), byzantine fault tolerance
and virtual voting to make things even more fair and efficient.
never needed an ICO, so IOP is only held by people who actively support our
project's values. We're still growing, but every step brings us closer to
creating a properly decentralized economy. People are paid in IOP, trade in IOP
and Mercury dApps will be powered by IOP.
a digital cooperative, a decentralized global organizational structure designed
to keep the efficient parts of corporate structure without the centralization.
We have members from almost 40 countries and we're always looking for more. Why
not join us and help make the crypto dream a reality?