They see themselves not as the owner of this project but rather as a contributor Flexible workspace provider Knotel has offered more details on its blockchain - backed commercial property database , now renamed Baya . Founder Peter Sarva said the open - source system would reward contributors who " consistently collect good data and reliably verify it " , promoting trust within the network . In addition , contributors would be able to put their own capital at risk while their data is peer - reviewed , a process Sarva called " staking " . He said he 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 Peter Sarva said the open - source system would reward contributors who " consistently collect good data and reliably verify it " , promoting trust within the network . In addition , contributors would be able to put their own capital at risk while their data is peer - reviewed , a process Sarva called " staking " . He said he was building an internationally used system that would " work easily and seamlessly with the existing industry standards " .