Donald Trump complained again on twitter today about fake news…
As can be seen, by the copy of President Trump’s tweets he accused The Washington Post and CNN of posting fake news.
As reported by the Telegraph in the UK:
“Fake news” was not a term many people used 18 months ago, but it is now seen as one of the greatest threats to democracy, free debate and the Western order.
As well as being a favorite term of Donald Trump, it has been named the word of the year, raised tensions between nations, and may lead to regulation of social media. And yet, nobody can agree on what it is, how much of a problem it is, and what to do about it.
Full story: – Fake News has really had influence
Fake news and false internet posts have been under scrutiny even more after the US elections where Russia are accused of manipulating the results with fake news and other means.
Can Blockchain combat fake news?
Embedded Downloads, the developers of the BitVault®, believes it can and the company is currently developing blockchain solutions to do just that.
According to the company, blockchain technology has unique features that can be used to combat fake news and the company is working on a project with media players to tackle this problem.
To address the problem of fake news the following steps can be taken by using blockchain technology and encryption.
Verification of source
One of the major elements in authenticating news as real is to verify to the source. For example, if a photo or video is sent to a news organization, it is important that they can verify that this came from a trusted source. One solution for this is to provide a journalist with the BitVault®, the world’s first blockchain smartphone, and crypto communicator. The BitVault® is designed with enhanced biometric security and with dynamic key creation it is assured that the BitVault® can only be used by a specific person. The source is thus verified.
In the case where the person sending the news is unknown further blockchain verification steps can be introduced. It is beyond the scope of this article to go into details but blockchain developers will get the idea.
Encryption of Data
Furthermore, if the news data is sent via the BitVault®, the media is transferred with enhanced encryption, blockchain secured and timestamped. The BitVault® uses multi-layered encryption and uses the EOT – Encryption of Things cryptocurrency to enable this.
Verification of the News process
To provide further integrity to the news the blockchain can verify steps before publishing is allowed. E.g. When the Editor receives the news from source/journalist – the editor has blockchain verification of source and when the news is edited this can then be sent back to the journalist for confirmation that the changes made by the editor are true and correct, again the blockchain is used to do this verification.
For further verification online publishing platforms can check news stories against a database of trusted sources/providers – this will also be a part of the blockchain confirmation and verification process.
This database and process can be constantly be improved over time thus providing an avenue for trusted stories only. It would also be possible to add a “trust rating” to stories.
More here: EOT Business Case
Get your copy of What is Bitcoin
This e-book on Amazon explains what Bitcoin is, it explains that Bitcoin (BTC) is a virtual currency, digital not physical, and independent of banks. Useful links and resources for the newbie and advanced Bitcoiner or cryptocurrency enthusiast.
Please leave your questions and comments below:
Download the free Bit-Media App from the Google Play or Apple stores.
Click below and get your FREE BIT-MEDIA APP