Wikipedia co-founder Larry Sanger has announced his intention to seek ICO-sourced financing for his new blockchain-based Wikipedia alternative.
As revealed by CoinDesk who have received a draft copy of the white-paper project proposal, Sanger is hoping to mount a new challenge to the Wikipedia model of online content management that will leverage token payment incentives for content curation as a new method for tackling issues of inaccurate and incomplete editing that have dogged the Wikipedia project from its beginning.
Sanger parted ways with partner and Wikipedia co-founder Jimmy Wales and the Wikipedia project itself barely a year after having founded in January 2001 what has since become one of the world’s most visited websites, outranked only by Google, Facebook and Youtube in the English language-speaking world.
The pair cited differences in philosophical outlook, notably in relation to content management and have been involved in a high-profile spat ever since with Wales accused by some of understating Sanger’s original contributions to the project.
Since his departure from Wikipedia, Sanger has been employed in several content-management roles and rarely comments on his previous associations with the world’s number one online encyclopedia aside from having described it in one interview as “broken beyond repair.”
Details of the upcoming Blockchain-based wiki ICO are as yet unclear with the outfit’s website making no formal mention of it.
However, according to the CoinDesk article, the service will leverage the as yet undeveloped EOS platform as its host and will be associated with the IQ token, presumably the token with which curators and contributors will be rewarded for generating content.
It appears unlikely that the project itself can enter into any development until the development of the EOS platform itself. However, it is understood that the EOS platform has been conceived for faster application development than traditional blockchain technologies.