Blockchain brings trust back to media in the age of fake news

Part II

In the first part of this article, we outlined how blockchain can be used to provide immutable trust. Gave a few examples on how it can be a cornerstone of re-establishing trust in today’s fickle ambience. In this article, we will show you a few functional approaches to it via different companies from all over the world, highlighting their potential, and values.

trive

“trive is a social science global consensus engine that researches and clarifies truth through human swarmed crowd wisdom” they say. Let’s see how.

Trive is aiming to solve the problem of fakenews. Basically they encourage users to research an actual story in order to clarify whether it is true or not. Those who gave feedback are compensated in their own crypto called TriveCoin.

By committing not only the final information, but the copies of the primary sources, the research and details of the process to the blockchain, they can guarantee the long-term sanctity of the truth Trive community discovers. They ultimately rely on the “wisdom of the crowd” rather than a single expert, utilizing the power of a diverse group. Diversity of Opinion, Independence, Decentralization, and Aggregation are the four keywords they built their idea upon, much like ReporterCommunity.

They have their beta Chrome extension available if you feel like trying it.

Synereo

“Synereo is developing tools which allow content creators to easily monetize original works without having to turn their channels into advertisment real estate, while granting their followers the opportunity to be rewarded for getting the word out. “ Sounds interesting, isn’t it. Keep on reading to find out how.

They are carrying the banner of decentralization. Synereo’s founder Dor Konforty and Greg Meredith noticed that Facebook and Twitter possesses such power and control, that they could progressively convert their users into products, sold to third parties-heavily profiting on value they did not actually create. They see but one solution to this problem — other than relying to their conscience — decentralization. So they have developed a social media platform based on Greg’s idea of the decentralized “World Computer”. On their quest for the perfect decentralized social network, they’re building a virtual machine, capable of running decentralized applications (dApps), designed for massive use at blazing speeds. The Synereo 2.0 Tech-Stack, initially designed to support a social network, is maturing into a generic decentralized computation and storage platform, where the users of the network provide the resources and call all the shots, without the need for server farms or centralized points of control.

DECENT

“Blockchain content distribution”

DECENT Network is a content distribution platform that is decentralized, open-source and uses Blockchain technology. Perhaps the greatest benefit of this implementation of blockchain technology is invariant storage for published content which can eliminate manipulation and influence by any sort of middleman (eg. publisher). Sounds familiar isn’t it. ;-) In short — contents can be created and delivered directly with any fees collected solely by the seller at the point of sale not only that but unlike other content distribution platforms, there are virtually no limitations as to the type of media that can be published on DECENT Network. It could be songs, books, articles, videos, source code, or anything really and in almost any format.

In order to make transactions viable and user friendly a crypto-token, the DCT, has been implemented. The encrypted DCT tokens help mitigate attacks, promote funding and ensure transaction validation.

..and Reporter

Needless to say how much we like this approach, as it is very similar to our own, except we focus on news only and our users get paid in real money. However, though I couldn’t find more on their in-house validation method, it is indeed a decent approach. Could not miss it, sorry.

We are half way through our journey to find out more about today’s trends set by the demand of truth across the world. Anti-fake, and decentralized — these words are heard more and more nowadays for a reason.

Our world is heading towards decentralization, closely followed by transparency and immutable trust. The above companies were organised around these ideas, and so was ReporterCommunity 2 years ago.

Now we have more than 30k app downloads worldwide, social media audience over 50k, and partners as leading news agencies from around the globe — we have a community. We have set up, working answer for these demands, further more back in 2017 we introduced the world first blockchain based news platform, following the path we stepped on a few years back.

We used say for years, the world will be facing these changes. And this is now our present. We all are forming history. Be part of it, and read more on today’s fintech and blockchain trends, and find out more how to invest in news, at the Reporter NEWS token sales in the next article.