Blockchain has revolutionized the entire business. A technology that once began as the underlying Bitcoin exchange platform has now become a core technology that has changed the way companies function. The media and journalism industry is no different from the numerous industries that have felt Blockchain's effect. The age-old working method has become ossified, and there is now a need for technology that can fasten the speed of operation. Many media organizations are actively searching for Blockchain experts who can help incorporate and make Blockchain more effective with existing business operations.
Blockchain and its effect on the journalism sector:
Its use cases are limited, considering the increasing importance and need for technology in the media and journalism industry. But we do have some start-ups and developers of Blockchain who are actively working to create blockchain-based applications that can help make the job more transparent and safe. For instance, to open an immutable archive, some work is done on saving article metadata and editing history. In addition, there is an EU-financed project that uses Blockchain to control contracts and privileges.
It would not be incorrect to say that Blockchain is riding a hype curve, and several cases of use of the same can be found across the various industrial segments. Through the involvement of Blockchain technology, we will create a more open position for media and journalism, where the power over the information is not centrally regulated. Even the developer will have full control over the content.
Here are several examples of Blockchain's use in journalism:
Civil is one of the key examples that we would like to quote here it is a US-based business that has built a framework where a journalist can use token-based monetization to publish and receive. It also provides a model of governance that guarantees that the network is ethical and meets journalistic norms.
It will help in the war against piracy as well. It is the original content creator's greatest threat. As most platforms are centralized and because of the intervention of intermediaries, the content creator faces the issue of piracy several times, but with the aid of Blockchain, by giving the user authority, we can easily resolve the problem of piracy.
Another likely way to ensure that you have full control over content is through a smart contract.
Ok, these are a couple of the news and media business use cases of Blockchain. And with time, we will be seeing more of the same proliferation. With the rising demand and use cases, it has become apparent that experts from Blockchain are going to be in great demand.
Note in conclusion:
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