How Does Blockchain Destroy Fake News

How Does Blockchain Destroy Fake News

Blockchain the well-known technology in the market place, right?

Due to its piloted use cases in various industries, blockchain technology gained popularity among the entrepreneurs who are doing business in cryptocurrency, as well as in various fields of Supply chain, Healthcare, Artificial Intelligence, Governments, banking and there are more to say. can blockchain resolve all the problems in our world? How do you think, the Blockchain is taking its step forward to control fake news? www.bitdeal.net 2

Currently, blockchain technology undergoing its mission to eliminate fake news.

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Well, what is the reason to go behind Blockchain?

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Obviously, these five elements are the reason: Distribution, Encryption, Immutability, Tokenization, and Decentralization.

Basically, Blockchain is a record of all transactions, which is linked to all the peer to peer networks to provide transparency by preventing data modification, enables everyone to access the information. www.bitdeal.net 5

Try to make a note here that, the ďŹ rst real use of blockchain was bitcoin

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Blockchain Experts and analysts have agreed and also expecting that Over the next five years the blockchain technology will widen the use cases in Payment Processing, Data Sharing, Equity Trading, and Document Keeping and tracking.

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Fine, How Blockchain Resolve Fake news Problem

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As we are living in a digital world, it’s completely easy and convenient to deliver digital content to the public. we are also practiced to look out for online news in the form of images and videos and beliving that as the truth too. It all started with an intense to share a piece of accurate and trustworthy information, but after days gone it turned out to be a problem of sharing fake information with the help of social media. www.bitdeal.net 9

Parallel to that no one is ready to check the authenticity of those shared social media information. As a result, it leads to a wrong pathway to the public towards government as well as daily going things like sports, health, and finance.

Hence, blockchain technology is declared as the best solution that has the power to change the fake news circulation. www.bitdeal.net 10

How Does Blockchain Work in Fake News www.bitdeal.net 11

Here the Blockchain will verify the content and its source News Agency will provide the news to the editor, journalist, and writers for publishing the news, that will be stored in Blockchain.

The Journalist will upload the image, videos, those files will be saved with their barcode in the blockchain.

An editor will write, modify and publish the content, the content with hash address also saved in Blockchain At last the Crowd Auditor will validate the news through Barcode.

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Everything will be saved in Blockchain hence no one easily traces out the news and cannot change the news content, A smart contract in blockchain will store the content and its hash address to the blockchain, which will define who has changed it from where and when.

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Finally, by 2023, around 30% of world news and video content will be authenticated by blockchain ledgers To Know More discuss with us about the implementation of Blockchain in Fake news www.bitdeal.net 14

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