Sunday, June 18, 2006

Wikipedia & Conveyancing

Wikipedia is the online encyclopedia that "anyone can edit". Wikipedia has become a symbol of the potential of the Web. Wikipedia has its stumbles and sometimes a revert war can erupt - changes back and forth between a couple of contested contributors such as the Christina Aguilera entry which was frozen for a week after fans of the singer fought back against one user's efforts to streamline it.

The bulk of the writing and editing on Wikipedia is done by a geographically diffuse group of 1,000 or so regulars, many of whom are administrators on the site.

"A lot of people think of Wikipedia as being 10 million people, each adding one sentence," Jimmy Wales, Wikipedia's founder said. "But really the vast majority of work is done by this small core community."

The core success of Wikipedia can be attributed to the simple concept of collaboration and much less on individual contribution.

The same goes for the conveyancing process. Today in the offline paper world which conveyancing and mortgage processing is, the process relies on collaboration of multiple parties each serving the vendor, the buyer and the mortgagees. Electronic and Digital Conveyancing will simply evolve into an online digital state based on the simple concept of collaboration.

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