What is Versioning?
Versioning an object creates a clone of the object. When you version an object, CentraSite copies the source object with all of its attributes and then increments the version number in the “cloned” target object. Additionally, CentraSite establishes a “supersedes” relationship between the new version of the object and the old one. Among other things, this relationship enables you to view and manage all versions of an asset from the asset's Versions profile in CentraSite Control.
Other than the differences described above, the new version is treated just as though it were a new object. If it is of a type that is governed by a lifecycle model, the new version of the object enters the initial state of that model (just like any new object of that type). Ownership of the new version is given to the user who generates the new version. Consequently, the new version of the object becomes part of that user's organization. Additionally, the instance-level permissions for the new version are reset (the permission settings from the source object are not copied to the new version).