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    New York Times Uses Blockchain Distributed Ledger Technology To Fight Against Fake News

    The New York Times is currently working on a new blockchain-based system that would allow it to fight against fake news. The intention is to improve the news provided and fight fake news in the media.

    The New York Times informed that it is currently working on a blockchain solution that would allow it to tackle fake news. The information was released by the company to CoinDesk a few months ago. The firm informed that they plan to use Hyperledger Fabric’s permission blockchain that would allow them to authenticate news photographs.

    New York Times Fights Misinformation

    With this new project, the intention is to fight against misinformation and adulterated media. Starting this month, the New York Times is going to be running a proof-of-concept until late 2019 in order to find a way to maintain trust in the space.

    In a new website for the NYT’s News Provenance Project, the company provided information about the current project they are developing. This is just the first part of the project and it will help the company understand how blockchain systems could improve companies’ processes.

    The site says about it:

    “Our initial work involves exploring a blockchain-based system for recording and sharing metadata about media – images and videos in particular – published by news organizations. We are also conducting user experience research to identify the types of signals that can aid users in recognizing authentic media.”

    The results of the project are going to be shared in the future, as per the project’s site. A few months ago, the New York Times posted they were searching for a blockchain talent that would help envision and design a blockchain proof of concept related to news publishers.

    There are many companies around the world that are starting to work with blockchain technology. Some of them include Carrefour, Walmart China, JP Morgan, and Maersk, among others.

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    Carl T
    Carl T
    Carl is a legend in cryptocurrency space for his long-storied experience, history and insights. He is a digital nomad who fell in love with bitcoin and its offspring for many years now and prides himself on delivering quality perspectives in the emerging world of crypto-assets and blockchain technology.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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