I invite you to dive into how knowledge is accumulated on the Hive blockchain and how you can use the Waivio platform to participate and benefit from this knowledge.
Overview:
1. What is an object on Hive Blockchain
2. How to create an object with Waivio
3. Adding details to the object
4. Consensus
5. Multiple versions of objects
6. Accumulation of knowledge
PART 1. What is an object on Hive Blockchain
We are all accustomed to using hashtags on social media; for example, we can include #camping if we post about a camping trip. But what if we want to talk about a specific brand of a camping tent, a certain hiking trail, a food recipe, a specific destination, a product, or a business?
On the decentralized platform Hive, users can create a social record on the blockchain called an object, and later they can reference this object from their posts and comments.
Each object will get its dedicated page which collects all the posts that have referenced it. This object will even have its own photo gallery.
Besides posts and photos, users can also add other relevant information to the object, such as an avatar, description, address, price, ratings, tags, etc. This list of additional fields depends on the type of object. For example, if this is a product, we can add a price to it and a link to a website where we can purchase it. If this is a business, we can add its address and a phone number.
PART 2. How to create an object with Waivio
When you write a post on Waivio, on the right panel, you will see "create new object" and a list of different types of objects that you can create. Here, you can add a new hashtag, a business, a location, a product, a place, a list, a page and etc. For example, I will create a business object for Cypress Mountain.
Write the name of the object; in my case, I will write "Cypress Mountain" and click "Confirm".
When you create an object, a unique ID and a corresponding URL will be created for it on the Hive blockchain. Once the object is created, the link to it will be automatically added to your post.
The next time you write about an object, such as Cypress Mountain, you don't need to create a new object; you can just type "#Cypress Mountain", and you will see it in the recommendation pop-up.
If you see someone else's post about your object, you can add your object in the comments, and this post will be linked to your object.
When you go on the object's page, in the review section, you will see your post and the posts of others where Cypress Mountain has been referenced.
This way, anyone can reference Cypress Mountain, and more information will be collected about it.
Now you can add some extra details to the object.
PART 3. Adding details to the object
Let's start by adding an avatar image to the object. Go to the Edit section. Click on the + button next to the "Avatar".
Upload the image and click Submit.
Once you submit, you will see a pop-up saying that you successfully added the avatar, and in the Updates section you will see a small record saying that an avatar has been added by you.
Similarly, when you add a phone number and click submit, another update will be created. In this record, you can also see approve and reject buttons. When you add a phone number, you automatically approve this new update.
If you made a mistake in this phone number, you could click the reject button, and this phone number will not show up on the Cypress Mountain object front page.
In this way, you can add an address, description, tags and other information to the Cypress Mountain object. Every time you make a new update, a new record will appear in the updates section.
As you can see, an object (such as our Cypress Mountain) is a unique identity on the blockchain. Every object is made up of many short records posted on the blockchain. Anytime you add, delete or modify anything about the object, an update is created that reflects this event.
For every update, there is a choice to approve or reject it. When you add new information to the object, for example, you add a phone number; you automatically approve the update. If you want to modify it, you can make a new record and reject the older record.
However, because Hive is a decentralized platform, it's not only you who can modify, approve, and reject the updates for the object, but anyone else on Hive can do that.
Part 4. Consensus
On Hive, anyone can contribute to the object; for example, someone can add a new avatar image of Cypress Mountain. But whether it will be shown or not is decided by the community.
When new information is added to the object, all the users who previously have contributed to this object or referenced it will be notified about the proposed change, and then they can either approve or reject the update.
The value of each vote depends (1) on their combined voting power (which is determined by the amount of staked HIVE and WAIV tokens), (2) and on accumulated expertise in that specific object. This way, users who have contributed to the object in the past will have an advantage.
For example, when someone has proposed to change the avatar image of Cypress Mountain, I can reject it. My reject vote value is higher than the approve vote value of the other user because I have higher expertise in this object. As a result, the avatar proposed by the other user will not be shown on the object's front page.
Part 5. Multiple versions of objects
However, it's not about who's update wins and will be shown on the object's front page. No, in fact, multiple versions of the object can exist simultaneously.
For example, my avatar shows that Cypress Mountain is great for winter sports, but the other user wants to show Cypress Mountain during the summertime. And we are both correct, and we both can use and portray the same object in the way each of us wants on our own platforms.
Let's say I have a website dedicated to winter sports, my administrators, and I can approve the avatar that shows Cypress Mountain in the winter. Similarly, if the other user has a website dedicated to summer sports, he can use the summer version that he added to the object.
On your website, your admins can approve the updates that you want your website visitors to see, and your vote and the votes of people you trust will be final. You and your admins have full control of what information is displayed on your website.
Part 6. Accumulation of knowledge
When multiple users and projects contribute information to the blockchain, it becomes public knowledge. And it can now be used and enhanced by others as well.
You may think of the Hive blockchain as open cloud storage, where you can access not just user profiles, their connections, and posts but also information about businesses, products, places of interest, hiking trails, recipes and any other type of object that you might want to create.
Some of this information may be posted by individual users, and some will be posted by teams building apps on Hive, but once this information is published on the Hive blockchain, it becomes easily accessible to other users and projects, allowing them to collectively contribute and achieve economies of scale well beyond their original scope.
For example, for a winter sports website, you can collect and submit detailed information about your local ski resorts. However, you don't need to do this work for global ski resorts because you can take and index existing information about these resorts from the Hive blockchain. These resorts may already have reviews, images, prices and locations. This allows you to have hundreds of global resort listings on your website without requiring you to input all of it yourself because this information was already collected by the community and is present on the blockchain.
The same approach can be used by many other projects, such as travel and adventure guides with maps of hotels, attractions, and restaurants and their ratings, or e-commerce sites with product listings and their reviews, educational projects, etc.
I hope I have surprised you with how much you can do with Waivio on the Hive blockchain.
Every time you add a post, a review, a photo, or a description of an object, you help the community to accumulate information about this object. In this way, through the effort of the whole community, a lot of knowledge is acquired for millions of objects. This has an immense value because this knowledge is accessible to anyone and allows you to build complex projects and businesses in a snap.
Now you know a powerful tool to realize your ideas and projects and help the Hive community to expand knowledge.
Start your decentralized social journey with Waivio!
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