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Blockchain to Modernise the Scope of Traditional Journalism

Nov 24, 2017 Posted /  6667 Views

Blockchain to Modernise the Scope of Traditional Journalism

In the 21st century Journalism is not all about conveying the information, but unearthing the untold truths and facts to put forth an option. In a nutshell, Journalism is voice of the people. In the recent years with the emergence of electronic media, journalism has came a long from reading daily headlines to hosting Friday night debates. Compared to a decade ago, today journalists globally have more freedom to have their say unfettered. However, we stumble upon sensational headlines of journalists been attacked worldwide and threatened to fabricate their voice. This Indeed is not good for our free society.

Blockchain and Journalism

Moreover, the landscape of journalism is significantly dented by lack of security surety of the whistleblowers across the globe. But, fortunately, Blockchain technology, the nucleus of world's most dominant cryptocurrency Bitcoin is coming to redefine the length and breadth of journalism once for all.   

The blockchain is nothing but a transparent public ledger distributed over the whole network. For instance,  if it is the Blockchain network, this ledger keeps a record of every transaction. And, the best part here the sender and receiver of a digital currency don't have to disclose their personal information, the transaction can be anonymous. However, the Blockchain network is secure and robust, since the data once added to the ledger cannot be deleted or manipulated. Plus, the data is distributed over all the computer in the chain, so the hacker needs to attack every single entity in the network to claim a successful hack.

To understand how the Blockchain technology can shape the world of journalism. Let' first unwrap the success story of the WikiLeaks, if you haven't seen the popular movie The Fifth Estate.

Founded by an Internet activity from Australia, named Julian Assange, Wikileaks is a not for profit organisation originated from Iceland. Its sole objective was to put forth untold secrets regarding the government or any powerful individual from unidentified sources but with proofs.

The Story of Wikileaks-

Wikileaks become a sensation in 2010 with the unleashing of Kenya's political corruption and the crimes done possibly by the American agencies during the Afghan war. It also released the controversial video footage of the airspace by the American army in Baghdad on unarmed commoners. Also, the Iraq war logs took the world by storm. The core of Wikileaks was to provide a safe and a secure platform where whistleblowers can secretly have their say, their personal identities are not revealed. Plus, backed the idea of decentralization, no government or central authority governing the data shared over this network. The Blockchain reached the industry of journalism too.

During the 2016 US presidential election of the United States of America, Wikileaks uncovered a series of emails and other sensitive documents from the Presidential candidate, Hillary Clinton’s campaign.

Decentralised Journalism

Top media houses across the globe are investing in the Blockchain technology, to overhaul how news stories are covered. Recently, a news was surfaced, that ConsenSys presented $5 million as a fund to a decentralised marketplace Civil, to develop an in-depth blockchain news platform. This was revealed by the company in a blog post a month back. The one-half funds are kept aside as capital, while the other half towards building services.

As per the Civil founder, Matthew Iles, this Blockchain platform is aimed at developing a marketplace, which is self-sustaining, free from fake and paid news.

The sole objective of this venture is to create a decentralised marketplace, which every individual directly sponsor news houses, where journalists team up to work as a unit for the betterment of the society. Besides free journalism, this project will protect the welfare of the journalists and whistleblowers against threats and censorship. Since this platform will be free from the government authority. The Civil main focus is on local news, policy, and investigating stories.  

The Blockchain based news platform can provide every individual the opportunity to become a journalist. Like, you see something criminal or anything interesting happening, you can put your story live on the Blockchain network without revealing your identity, you don’t have to provide any sort of personal detail.

This will definitely revolutionize the world of journalism, where the society can come across news from every nook and corner of the world. Which, in turn, will kill corruption happening at the highest level. Since, people with power will feel afraid to ask for any sort of bribe, owing to the possibility of the victim party to put forth the story on the network.

Besides this, the Blockchain based platform will help both electronic and print media to cover stories, which are not from the metropolises.

At the end of it, if taken seriously, the Blockchain is an ocean of possibilities for the journalism. However, its pros and cons should be weighed before beginning with any project.

Applancer is an open platform for discussion on all things like Blockchain , Cryptocurrency and Ico news updates. As such, the opinions expressed in this article are the author's own and do not necessarily reflect the view of Applancer .

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Tags: Blockchain Journalism bitcoin

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