Co-founder of free online encyclopedia, Larry Sanger joined Everipedia a startup funded by venture capital as the chief information officer (CIO).
This step was undertaken in an attempt to destroy the company he once helped to create. The fact that Sanger has been an outspoken critic of Wikipedia, since he doesn’t like what has become the online encyclopedia.
In an interview, Dr. Sanger pointed out the reasons why he decided to become an official Everipedia. He considers this project as the next step in the evolution of online encyclopedias. Another reason was the fact that the online information is centralized and controlled by multiple players. Larry believes that this needs to change:
“The problem with online information is that it is centralized and controlled by very few players. This contributes to the accumulation of obscene and false information. We can make the online encyclopedia is much better.”
In an unpublished document – white paper project Everipedia, the company uses blockchain technology to create an enhanced Wikipedia. Startup will take the whole process of approval of articles, make changes, and store information on a blockchain-based platform based on the smart contract EOS.
Team Everipedia said that using the platform they will create a censorship system in which to register the workflow to edit and save the article. To create a platform and obtain more reliable information, the company promised to provide participants with incentives in the form of cryptocurrency tokens.
According to the Everipedia co-founder and co-author of white paper Sam Kazemian, the model of stimulation of the same model provided to miners when mining bitcoins.
“Like miners who find blocks and get the newly minted BTC, the successful editors will receive new tokens for their contribution to the project.”
In addition to the EOS platform, the company also plans to use a decentralized server model called the “Interplanetary file system” (IPFS / Interplanetary File System) for file storage with large volumes of data, such as videos and images.