I don't know how it will work with math formulas honestly. But, good news, we are already finishing the spigot plugin that keeps track of read books by player and adds a prefix to the user messages on how many books he had read. This goes pretty well, but i think it would be even better with a bit larger team than just two people! :)
Oh thanks for your reply, couldn't think my idea will bring any attention! Yes, we acknowledge that the books may be copyrighted, so we won't add those that may issue this topic. We are planning not to keep on track of one certain book topic, but include any topic, from mathematical articles to some good fanfiction, so I do not think it will be a huge problem although we, of course, will keep an eye on that.