FOAF
The following website defined a FOAF as The Friend of a Friend, which involves people creating a Web of computer-readable pages describing people, the links between them and the things they create and do. FOAF defines an open, decentralized technology for connecting social Web sites, and the people they describe.
I can see the benefits of FOAF as it is coding that lets users share and inter-connect information from a variety of different sources and change it in numerous ways.
http://www.foaf-project.org/
Folksonomy
Thomas Vander Wal claims he coined the phrase folksonomy and he was vigorously debating the Wikipedia definition in 2005. Now there is a link on Wikipedia to a static webpage where his definition can be read. He states, Folksonomy is the result of personal free tagging of information and objects (anything with a URL) for one's own retrieval. The tagging is done in a social environment (usually shared and open to others).
Flickr uses folksonomy as people can add labels to other people’s photos.
http://vanderwal.net/folksonomy.html
http://en.wikipedia.org/wiki/Folksonomy
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