Startups are Innovating in Knowledge-Sharing Space, Adding Financial Incentives

Incentives make the world go round. Everyone knows this, but not everyone acts on this information properly. When you look how a lot of websites are set up, it often isn’t very easy to figure out how or why everything works so well.

For example, with Wikipedia, who would have guessed that millions of people would contribute to the formation of the world’s most comprehensive encyclopedia without being paid? This works completely opposite to what most informed people would expect of the world, yet Wikipedia’s business model is based on free usage and free contributions.

Applying that a little further, there are websites like Quora, Survey Monkey and Stack Overflow that depend upon questions being answered for free. These contributions can come from those with specialized knowledge, or just people who have the spare time and are willing to answer some questions based on their goodwill.
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The website Steemit has been working to make a social media platform that works more like Google. The goal is to reward users who contribute great content by having a reward pool of tokens. As a result, the quality of posts has increased, which improves the user experience and adds value to the overall platform.

Building on these ideas, Qurito is another Blockchain-based company which is going to change the way questions, surveys and polls are conducted. By using a token-backed incentive system, it will soon be possible to facilitate the flow of rewards to users who add value by inputting their knowledge into the global network of Qurito.