Blockchain technology will help weed out fake election news.
Blockchain to the Rescue, Again
According to a report by Ledger Insights, blockchain company Everipedia has collaborated with news agency The Associated Press (AP) and decentralized oracle provider Chainlink (LINK).
The partnership among the three entities is aimed toward enabling the AP to distribute U.S. election results onto a blockchain securely and transparently. In return, the underlying blockchain architecture can be used to verify the legitimacy of the news from AP.
As the U.S. Presidential Elections draw closer, the menace of fake news seems to be snowballing into a bigger problem for social media platforms on the Internet. Major tech firms including Facebook and Twitter are already running the midnight oil to address these issues at the earliest.
The AP will tap distributed ledger technology (DLT) to cryptographically sign the data – the incoming election news – to confirm it originates from the organization. This methodology, although not 100 percent secure, will still be significantly more secure than just conventionally publishing data.
Notably, Chainlink will play a pivotal role in the whole architecture as their decentralized oracles will be used to fetch data from the outside world, including price feeds, weather data, or in this particular use-case, election news.
The article by Ledger Insights reads in part:
“It connects to conventional APIs and feeds the data to multiple public blockchains in a secure manner. One of the biggest services it provides is ensuring the API doesn’t stop feeding data to the blockchain. Hence Chainlink is being used for the AP oracle.”
Blockchain and Fake News
Blockchain technology has often been touted as a tool that could help immensely in the battle against misinformation and fake news.
Last year, As reported how the NY Times had piloted a project involving blockchain technology to build a proof of concept to fight fake news. A key feature of the PoC was the ability to locate the origin of a picture or a piece of information.
On a more recent note, As reported that a major Italian news agency – The Agenzia Nazionale Stampa Associata (ANSA) – had joined forces with EY to develop a blockchain-based news tracking and authentication system.