Blockchain technology is the second-leading technology after artificial intelligence. It was started on August 30, 2011. Companies, MNCs, significant IT firms, banks, and governmental organizations use this innovative and clever technology. Now, as it is spreading worldwide, we will interpret the four benefits of blockchain and what changes could be seen.
Blockchain is much like a database that stores the provided information and history of transactions in an encrypted form. It is considered a secure platform to trust with cryptocurrency. It saves the data in code format inside a mass network that connects peer-to-peer with other networks. Blockchain is a secure platform that allows users to act upon some transactions without third-party indulgence. So, in this paper, we will cover the four benefits of blockchain and how blockchain can help us. Let’s get started:
How Block Chains Can Help Combat Disinformation
We are breathing in a world of social media. In this world, anyone can post anything they want. All they need is a phone and a working and stable internet connection. That’s why we all swim in a sea of fake news and false information. So let’s explore how they can be helpful to combat them:
Disinformation
It understands the disinformation first. Something is called disinformation when the knowledge provided inside this segment doesn’t match reality. It could also be a misleading fact that spreads rumors, superstitions, and negativity in society. False news affects not just social outlooks but also political views. The format of the disinformation is not only textual but can also be found in pictorials and footage. An increase in incorrect information can be very dangerous, too. So, let’s learn how the blockchain is against false news or disinformation:
Blockchain Combats
Blockchain has a ledger and decentralized platform that keeps a data record, and every visitor supports it, repeatedly re-verifying it when they visit. With this activity, any false information is still visible to others. This blockchain tool validates not just the write-ups and editorials but also the smart AI and decentralized system, which constantly works over each pot that is made.
Thus, the blockchain works against disinformation.
How do you use blockchain to curb fake news?
As we know, in this modern age of technology, everyone can use their phones and the internet to post anything they want. It has become hard to believe something, whether it is real or not. But blockchain can provide you with real-time information without any hassle. The blockchain program is oriented toward reaching the origin of the provided information, which is very helpful in education, news, and journalism.
Blockchain emerging
Blockchain claims it arises from the roots and natives of information providers and their sources to transform the sources and methods of gathering information. With its transparent and traceable nature, blockchain helps us distinguish fake news from true news. Blockchain can also allow the audience to read and confirm the accuracy or incorrectness of the content.
Blockchain verifies the sources and gathers information by connecting with some native news organizations, crowd editors, modifiers or editors, and journalists.
Can Blockchain be used to verify information?
Forgery and providing false information are common causes of crime. Also, the administrator has little time to fulfil the verification required of a candidate acting suspiciously. Blockchain appears to be a hero in solving this problem.
A person’s digital identity can’t be faked. We are not talking about social media platforms here, but ID proofs or legal data are essential for an individual. Having someone’s digital identity helps us in several ways and saves time.
Blockchain Verification
With blockchain technology, the verification credentials provided by a user or a person can also be auditable, verifiable, and traceable. And this process takes seconds to do that. Personnel can provide the information asked for and control who and when to share it. With this process, the issuer easily gets connected, verifying their data on time without being rushed here and there or using any third-party application.
What is the use of Blockchain in journalism?
In this contemporary time, where everyone has a phone, they raise it, record a video, and post it. The only reliable and trustworthy sources are the press and news media. Journalists must work to get absolute real-time news; sometimes, they must approach the location to verify whether what they have called is real. Blockchain is also coming into action for journalists. Blockchain algorithms can, therefore, aid journalists in preventing false news, lowering their risk of falling victim to forgery and disseminating incorrect information.
Act in Journalism
Journalists play a major role in society. They must integrate into their job and commit to delivering true information from verified sources. A journalist makes us conscious of what is happening in the world. So, let’s find out what problems a journalist faces in collecting relevant and suitable information:
Incorrect Information
It has been found that some journalists, intentionally or by mistake, share incorrect information provided by uncertain sources. We must know that 80% of people’s popularity completely depends on what they see on television or on their phones. Journalists should research their subject after receiving a lead on something they want to write about.
Profit makers
Some people pay advertisers and journalists to produce a publication to satisfy their pockets. For some time, the quality of the content could be lower, which spreads false messages in society. This factor affects most advertising media nowadays.
Working on irrelevant platforms
It is against the law for a journalist to collect and publish news or detailed information in the media if it’s been received from an unknown source. This can spread negative news, illiteracy, and mislead the audience. Journalists must know their duty, how things work, and whom to trust.
How Blockchain Assists Journalists
Blockchain technology works effectively on the provided source of data. The technology tracks the origin and frame of the information, like when it was generated, by whom it was developed, or if the information is fresh. Blockchain technology has proven itself to be a helping hand for journalists in the following ways:
- They keep an eye on the lifecycle of provided assets.
- It facilitates authentic collective information from the sources.
- It secures digital content.
- It reduces the freebooting of intellectual traits.
In these ways, blockchain assists journalists in working in their proper format rather than relying on another source.
Wrapping things up
In addition, blockchain offers the media industry many advantages. The effects of this breakthrough nanotechnology may range far beyond certain limits, including higher transparency and improved data security. Distributed ledger technology may enhance the trustworthiness of their products, facilitate their workflows, and create a secure environment for their sources since distributed ledger technology may store and access data. Lastly, blockchain’s permanency and fidelity as a decentralized ledger can be exploited to eliminate attempts to modify or falsify data.
Blockchain, which is under development, has the power to drastically alter many sectors, like journalism. The fusion of blockchain’s rapid, exact, and secure data transmission with its strongest data ledger technology can satisfy transparency and protect sensitive sources and data; it is also a platform for an array of imaginative applications. Because of blockchain development, journalists all around the globe will see that when we put this technology into our work, the benefits are almost impossible to deny.
