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The Decentralized Online Encyclopedia Will Validate Point-Of-Interest Data via Geospatial Blockchain Technology

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Everipedia, developed as a fork of Wikipedia by the crypto community, will be using community-curated Geospatial database developed on blockchain to validate the point-of-interest information reports Odessa American.

Everipedia CEO and Co-Founder, Theodor Forselius said that they see a considerable opportunity for synergies with XYO and what they have been doing.

Presently, Everipedia team shall create and provide rich data sets via the XYO platform which will improve the many points of interest (POI) entries in the decentralized Wikipedia. A point of interest, or POI, is a specific point location that someone may find useful or interesting.

The decentralized version of Wikipedia has an incentive system using the cryptocurrency IQ, launched on EOS blockchain, to encourage content creation. The system will be using the technology developed by XYO with the ability to capture, index and store geospatial data to verify crowdsourced information about various point-of-interest information.

The project has a million contributors and over a million original articles, and the IQ token holders maintain the standard. The incentive structure is designed in such a way that spams, and poor-quality contents are discouraged.

XYO Network is an attempt to establish a vast, geospatial, blockchain-powered location network with the aim to serve accurate data on everything from cars to smartphones. According to their website, the XYO ecosystem plans to deliver the verified coordinates and data needed to execute smart contracts, run smart cities, foster financial transactions, and power a legion of location-centric applications.

Everipedia is a decentralized encyclopedia which aims to build the most accessible online encyclopedia all the while trying not to be as restrictive as Wikipedia. Everipedia knowledge base aspires to improve upon all fundamental features of Wikipedia. Though Everipedia was developed as a modern alternative to Wikipedia by a team at UCLA, it is now concentrating on building the world’s first and largest peer-to-peer encyclopedia on the blockchain.

Arie Trouw CEO and co-founder of XYO said,

“We’re excited to announce and build out our partnership with Everipedia, widely recognized as the world’s largest peer-to-peer knowledge base. Everipedia’s IQ Network is the world’s first encyclopedia that allows anyone to become a stakeholder in the system and earn rank, rewards, and tokens for curating content, and it’s an attractive opportunity to support the overall cause and project while making the most of our robust location verification capabilities.”

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.
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