Can Presscoin Keep News from Going Fake
February 23, 2018
Fake news is a topic that has everyone on all sides of the aisle concerned. However, One innovative idea merging fake news and big data might have solved the problem. We learned more from a recent The Next Web story, “PresscoinL The Largest Crowdfunding Effort to Address the News Crisis.”
According to the story:
As the GDP of the PressCoin economy grows, the value of tokens will rise.
And blockchain keeps it honest. Our hope is to grow a decentralized media network reaching 100 mln engaged ‘users/prosumers’ in five years time, and to meaningfully address 10 percent of the news media industry within a couple of years of that.
PressCoin’s business strategy rests on these legs:
- Shared Design Philosophy– Open Collaboration, Partnership, and Decentralization
- Shared Technology Infrastructure– Seamless media technology cloud, underlying big-data systems, advanced APIs for engagement and analytics
- Shared Business Services– Consumer Data Intelligence, Monetization, Enterprise Sales, Ecosystem Partnerships, Strategic Relations
- Shared Developer Network– This fertile playground for agile experiments in the news/media/journalism sphere
- Shared Fiat/Crypto Financial Services Infrastructure– Built on Cointype
- Shared Venture Arm– Foster disruption within the ecosystem
While PressCoin is just getting off the ground, big data is already sorting out whether fake news can be trusted. One interesting use has been the story of how fake news might not have had that big an impact on the 2016 election. This could be the dawn of some very insightful times.
Patrick Roland, February 23, 2018
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