Flexible workspace provider Knotel has offered more details on its blockchain-backed commercial property database, now renamed Baya. Founder Amol Sarva said the open-source system would reward contributors who "consistently provide good data and reliably verify data", promoting trust within the network. There are a lot of details that need to be hardwired into the code that will be difficult to change later. The company is also working with a number of banks to create an open source version of their own proprietary database called Blockchain. He said Knotel was building an internationally used system that would "work easily and seamlessly with the existing industry standards".
Flexible workspace provider Knotel has offered more details on its blockchain-backed commercial property database, now renamed Baya. Founder Amol Sarva said the open-source system would reward contributors who "consistently provide good data and reliably verify data", promoting trust within the network. The company is also working with a number of banks to create an open source version of their own proprietary database called Blockchain. He said Knotel was building an internationally used system that would "work easily and seamlessly with the existing industry standards".