Fake news on social media (information indicating one thing but falsely indicating something else) is hard to discern because there are many types of content around, such as imposter content, fabricated content, false connections, etc. Let’s see how Blockchain can assist in whitelisting news and other web content.
Because of its decentralization, immutability, transparency, and privacy characteristics, technology allows users to prove the authenticity of media content. To combat misinformation in the news media, the New York Times announced in July 2019 that it is working on a blockchain-based solution called the ‘News Provenance Project’.
Additionally, Blockchain has a profound impact on content management. By using a content management system in which you cryptographically approve your stories, record them, and then authenticate them using Blockchain, the possibility of being duped is eliminated.
How CMN helps in Filtering Fake News on Social Media
This is where Crypto Media Network (CMN) comes in, Crypto Media Network (CMN) is an unbiased media entity that aims to provide an alternative to existing corrupt practices. With a team of professional writers and researchers, financial news is produced with factual statements about cryptocurrencies and their backing.
CMN will advocate more organic approaches to promotions instead of conventional methods wherein paid promotions attract all the attention. That is, we consider crypto tokens as genuine only after we have verified the intent of the teams backing them. We’re raising funds to create the first ethical news channel at the CMN media ecosystem.
Our cryptocurrency news and information channel will feature cryptocurrency widgets, charts, and trends. In addition to the CMN publication, a newspaper journal, shows on OTT, token reviews, market analysis, and other services will be offered. Aside from covering blockchain technology, CMN will also cover other topics related to fintech. Full-fledged operations will begin in India, the U.K., USA and Australia, and more countries will be added in the future.
Furthermore, Blockchain is being explored as a method for various purposes within this domain.
Specific criteria can be defined in the smart contracts that help the audience determine the authenticity of the news. Blockchain immutability ensures that news content and videos stored on the network cannot be altered or deleted. Using centralized apps, readers will be able to detect fake news on social media and avoid being duped.
Content uploaded on the platform generates and spreads fake news on social media across the globe, as are the journalists who upload it. Journalists have to register with Blockchain, providing details like their work license, etc., and third-party APIs will verify the journalists’ background.
The smart contracts will include rules that will generate a journalist’s rating based on his/her documents, and if any edits are made to their information over the Blockchain network, that information will be visible to everyone, helping them identify whether the content is real or edited.