Blockchain Platform Everipedia To Replace Wikipedia

Swede Theodor Forselius co-founded Everipedia hopes to take over Wikipedia  
28 February 2018   544

Everipedia aims to overtake the world’s leading digital encyclopedia. It is co-owned by Theodor Forselius, a Swedish 22-year old entrepreneur. Another co-founder is Mahbod Moghadam. Last year, Larry Sanger, who is a Wikipedia co-founder,  joined Everipedia as their new Chief Information Officer.

Everipedia was founded on January 1, 2015. Before this, the team was active editors on Wikipedia.

Of course many people questioned that we would be able to compete with Wikipedia since it is one of the largest sites in the world. Now that we have raised a lot of money and have one of Wikipedia’s founders on-board we are being taken more seriously.

Theodor Forselius

According to Forselius, the difference between Wikipedia and Everipedia is that the latter is utilizing blockchain technology to run its network, with the goal being to finance Everipedia by means other than donations or banners.

He also added that giving the encyclopedia a crypto-twist will add financial incentives for users. Editing Everipedia costs tokens. If the edit is not an improvement, the token is forfeited. On the other hand, if the edit is deemed to improve the site, the user will be rewarded with more tokens.

People around the globe will have a chance to tap into the economic value that is created when they use internet services. What we are seeing now is the beginning of something much bigger.

Theodor Forselius

Binance to Join Forces With IdentityMind

IdentityMind provides exchanges with ability to comply with KYC\AML worldwide
26 March 2019   79

Binance announced an agreement with IdentityMind, which will help it ensure compliance with regulatory requirements and improve data security.

IdentityMind provides cryptocurrency exchanges with access to the platform, thanks to which they can monitor compliance with customer identification and anti-money laundering requirements in real time. This includes connecting new customers, managing their profiles and monitoring transactions.

The partnership between Binance and IdentityMind further strengthens our compliance capabilities and our commitment to re-invest in the blockchain ecosystem and grow it. We continue to evolve and enhance security systems while adhering to regulatory mandates in the countries we operate in. The goal is to foster greater trust among financial institutions worldwide.
 

Samuel Lim

Chief Compliance Officer, Binance

Last year, Bloomberg wrote about the Binance user identification system as the least strict in the entire industry, and linked the “level of anonymity” provided by the exchange with the risks of money laundering and market manipulation.

In October, Binance entered into an agreement with a supplier of transaction analysis software on the blockchains Chainalysis, and in November with Refinitiv, which developed an automated solution for client verification.

Whether the ordinary users of the platform will feel the impact of the integration of IdentityMind tools on themselves, the exchange does not specify.