Everipedia to Verify Primary Sources via Blockchain-based Geospatial Software

Everipedia, a crypto-related information portal that was forked from Wikipedia in 2017, has decided to use blockchain-based geospatial technology

The distributed ledger technology (DLT)-based solution will be provided by XYO, a company focused on creating blockchain-enabled geospatial software. Everipedia will reportedly use the geospatial program to determine the validity of point-of-interest information on the online encyclopedia.

Everipedia, which contains all the articles published on Wikipedia (at the time of the fork), has implemented an incentive system for content creators on its decentralized platform. The compensation system involves rewarding content publishers with an EOS token called the IQ cryptocurrency. Backed by Dr. Larry Sanger (the co-founder of WIkipedia), the Everipedia platform will incorporate XYOs geospatial software in order to obtain accurate data location.

Determining Primary And Secondary Sources

XYOs software will reportedly support an initiative that involves Everipedia users proving the value of their knowledge. Initially, Everipedias management plans to use XYOs technology to find point of interest, or knowledge that readers may find relevant. Markus Levin, the co-founder and head of operations at XYO, told CCN:

We enable users to prove their knowledge. Lets say youre writing about the Statue of Liberty and youre in India. Youve never been to the Statue of Liberty. Your knowledge is second-source. It has a different qualifier than if youre a professor of history and youve been to the Statue of Liberty many times. Youre a primary source.

Meanwhile, Theodor Forselius, the co-founder of the Everipedia project, said:

Everipedia looked at the rest of the Internet. We realized that all other aspects of the internet like search engines, e-commerce, social networks, have evolved over the past two decades. Theres been a bunch of competition driving innovation forward.

However, Forselius believes online encyclopedias appear to be lagging behind other internet-based platforms and services as there has just been Wikipedia and nothing else - as far as information sources are concerned. Realizing that theres currently a huge vacuum of opportunity, Forselius and Everipedias other founding members have been working to develop a better online encyclopedia.

2 Million Monthly Visitors, 1 Million Published Articles

Currently, the Everipedia website attracts around 2 million monthly visitors and over 1 million original articles have been published on the cryptocurrency-related encyclopedia. As a decentralized information source, the content standards are determined by IQ token holders. In order to publish a new article on Everipedia, users must pay a certain fee in the platforms native IQ cryptocurrency.

If a submission is approved by other Everipedia users, then the author or editor of the article gets their stake back and also receives some form of compensation from the network. If an article or edit is not approved, then the su ...

Read full story on CryptoGlobe

Tags: Everipedia, Wikipedia, Blockchain, Primary source, Software, Geographic information system, Larry Sanger, Markus Levin