Sammamish, WA (PRWEB) June 18, 2008
KnowMarkets.com today announced that its member driven database of business research data is growing at a rapid rate. This database includes information related to finding new business connections and competitive data about companies.
Based on web 2.0 collaborative efforts, the KnowMarkets.com model is a self feeding and self correcting database driven by a community ecosystem. The framework encourages users to share information they own in exchange for information they do not.
- Collaboration Feeds the System and Makes it Free to Use
Although members have the option to purchase information found in the database, they are not required to do so. An internal system called "chips" facilitates credit/debit scenarios and provides a fair system of exchange. Members use the chips they have acquired by contributing to the system to obtain new information supplied by their peers. For a limited time, KnowMarkets.com is offering new members 10,000 free chips that can be applied towards the purchase of data.
- High Quality Data Supported by Community Action and Technology
The KnowMarkets.com model operates according to the self correcting principles found in wikis. Members are rewarded with chips for updating and improving the accuracy of the database. The system employs technology that prevents duplicate records from being created and hundreds of fuzzy logic routines are conducted when contacts are added or changed.
KnowMarkets.com is a Washington based company that offers its members and clients the most accurate business research data on the market. By utilizing the full potential of Web 2.0 collaboration concepts, KnowMarkets.com has created a community based ecosystem that encourages members to share information they own in exchange for information they do not. The result is the world's first true community based repository of business research data.
To see for yourself what everyone is talking about, visit http://www.knowmarkets.com today where you can immediately start collaborating with your peers to contribute to the world's fastest growing community driven database.