XYO to Drive Massive Location Data Augmentation for Decentralized Blockchain Encyclopedia Community
SAN DIEGO--(BUSINESS WIRE/AETOSWire)-- XYO, the technology that bridges blockchain to the physical world, has partnered with Everipedia, the world's first and largest peer-to-peer encyclopedia project, to create a community-curated geospatial database that leverages cutting-edge blockchain technologies from each company. The partnership will use XYO’s ability to capture, index and store geospatial data, combined with Everipedia’s data curation models, resulting in a powerful combined solution. Both organizations expect the partnership to yield useful data and insights that will be made directly available to the collective peer-to-peer community.
Everipedia’s mission is to innovate on the traditional online encyclopedia model by creating a new incentive structure and a distributed backend hosted within a blockchain. Community participants self-govern the platform and earn IQ tokens, Everipedia's native cryptocurrency, by curating and submitting content within the network. Community members can also vote to accept or reject further submissions or modifications to the database of articles, as well as proposed protocol upgrades.
“We are really impressed by what the XYO team has developed technologically, and see considerable opportunity for synergies with what we’re doing at Everipedia,” commented Everipedia CEO and Co-Founder Theodor Forselius. “By each of our companies focusing on our respective area of expertise I’m confident we can produce a very powerful tools together; we expect great things to come from this collaboration and believe the community will be very impressed.”
Initially, XYO will work with the Everipedia team to create and provide rich data sets that dramatically enhance the many point of interest (POI) entries in the decentralized peer-to-peer encyclopedia. While the number of POI entries in Everipedia is significant--easily surpassing the number in similar online resource Wikipedia--the XYO technology has a unique ability to read, integrate and augment POI data from Everipedia, at scale.
“We’re excited to announce and build out our partnership with Everipedia, widely recognized as the world's largest peer-to-peer knowledge base,” noted Arie Trouw CEO and co-founder of XYO. “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.”
For more information, visit XYO and Everipedia.
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