Public Knowledge
Public knowledge refers to the body of information belonging to the public domain.
Preserving the public knowledge is imperative because of the value which public knowledge can provide towards furthering scientific research, facilitating and promoting innovation to improve the quality of lives, the transmitting of culture and ideas through time and space, and retaining an understanding and appreciation of our shared history and heritage.
The Wikipedia is form of commons-based peer production aimed at preserving public knowledge.
Compare the Wikipedia and the Encyclopedia Britannica Online.