Each element of the Hilbert space is a Cauchy sequence of equivalence classes of operators.
So $\vec v=([a_1],[a_2],\dots)$ where $[a]=\{A\in\mathfrak A: \omega(A-a)=0\}$ and where $(\mathcal C_1,\mathcal C_2,\dots)$ is the specific function (sequence) that maps $n\mapsto \mathcal C_n$ and where the sequence is Cauchy.
So now you have an operator $B$ and a vector $\vec v=([a_1],[a_2],\dots)$ and the obvious operation is $B\vec v=([Ba_1],[Ba_2],\dots)$ but you need to show it is well defined. Firstly that it didn't depend on the representative of the equivalence class, that $\omega(a-b)=0$ implies $\omega(Ba-Bb)=0$ and secondly that$([Ba_1],[Ba_2],\dots)$ is Cauchy. Though if it isn't, then you could just say that $\vec v=([a_1],[a_2],\dots)$ isn't in the domain of the unbounded operator.
How does it correspond to observation?
The same as always, the measurement sends a vector to its orthogonal projection onto an eigenspace. The relative frequency of getting a particular eigenspace is the ratio of the squared norm before and after the projection.
Technically the space of Cauchy sequences still won't be a Hilbert space becasue we didn't finish the completion. Given two Cauchy sequences $([a_1],[a_2],\dots)$ and $([b_1],[b_2],\dots)$ we identify them with the same vector in the Hilbert space if $([a_1-b_1],[a_2-b_2],\dots)$ has zero as a limit (and we have to show that definition is well defined).
So a vector in the Hilbert space is a set of Cauchy sequences. Each Cauchy sequence has values which themselves are sets of operators.
So $\vec v=[([a_1],[a_2],\dots)]$ where the outer $[\,]$ identified two Cauchy sequences if the difference has zero as a limit. And the inner $[\,]$ identifies two operators is their difference has zero as the resukt of $\omega$ and the $(\,)$ just denotes a sequence by listing the values of the sequence in order (and I might be using the axiom of choice in my choice of notation by denoting each equivalence class by a representative).
This means the operator also has to be shown to be well defined on two Cauchy sequence that are identified.