FakeNewsBusters use BlockChain - initial draft


Maximizing “foot in the street” is, what I understand, how WT plan of meeting the challenge providing qualified, genuine and objective news. But as facts and truth are in the eyes of the beholders and as many times there might be real confusion between facts and openions, a mean that builds trust will add to the credibility of this system operated by crowd contribution wherever. As far as technology is concerned, last years development of Public-key cryptography based distributed databases systems can serve as the infrastructure for the needed trust. I can imagine a “Global News Community” (GNC) with “news producers”, “news brokers”, journalists, editors, “news providers” and most importantly, “news consumers” as stakeholders. An agreement between GNC and each one of its members will be enforced by algorithms that will sniff each one of the “piece of news” that will travel over GNC network. A reward & punisment attacment to the agreements will score each one of the members and will be part of the competition.

I believe that with BlockChain technology competence and management gained during the last years with Bitcoin and with entrepreneurship of WT such project deserves a more ‘in depth’ elaboration.

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