Connect with us

Blockchain

The New York Times Tests A Blockchain-Based Prototype To Tackle Misleading Information

Avatar

Published

on

The research and development team of the American newspaper The New York Times has tested a blockchain-based project to address the growing issue of misleading information in the online space.

NYT Turns To Blockchain For Validating Info

In its recent report, the NYT outlined the problem of misinformation, primarily when it comes down to pictures circulating the Internet. Once the images are uploaded somewhere, the chances of being altered or hampered with increase, hence jeopardizing their accuracy and truthfulness.

The NYT’s R&D team has experimented with various solutions, and the most recent one – dubbed The News Provenance Project – employs blockchain.

“A prong of The News Provenance Project was to conduct research around how readers make judgments about the photos they see online. To help with that research, we built a prototype that leveraged blockchain to surface a news photo’s contextual information on a simulated social media feed.

We wanted to see whether visible contextual information, such as the photographer’s name and the location depicted in the photo, could help readers better discern the credibility of news photos in their social feeds.” – reads the statement.

The R&D team noted that they turned to DLT due to its “ability to preserve the full history of a photo separately from the image file itself,” which makes it a “compelling technology for our explorations around tracking provenance.”

New York Times Building. Source: New York Times

New York Times Building. Source: New York Times

The Results

The initial results appeared somewhat encouraging, as the majority of users found the prototype particularly helpful in making informed judgments about the photos. However, the R&D team admits that there’s still more research and exploration to be done before launching it.

You Might Also Like:

“While blockchain technology could be a viable tool in helping preserve the origin of the news photos, there are a number of challenges that would need to be addressed before it could be widely used.”

Firstly, the validation of any changes made to the record of a photo to ensure its credibility has to be completed by network members. Encoding those validation rules could turn out to be considerably intricate for specific metadata fields, the statement warns.

During the testing phase, the social media platform was automatically assigned to match a photo on its feed to an image in the blockchain through an ID. In reality, however, the platform would need to make the associations without any knowledge of whether that photo indeed exists on the blockchain. It could get even more complicated if the picture has undergone any alternations.

Lastly, in order for this particular blockchain solution to become a success, lots of news organizations with varying financial and technical resources need to be able to participate. As such, the R&D team finds it necessary to lower the entry barriers to facilitate future adoption.

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited – first 200 sign-ups & exclusive to CryptoPotato).

Click here to start trading on BitMEX and receive 10% discount on fees for 6 months.


Source: https://cryptopotato.com/the-new-york-times-tests-a-blockchain-based-prototype-to-tackle-misleading-information/

Blockchain

U.S. crypto exchanges have a plan for the travel rule. Now they just have to get along


Quick Take

  • A working group of 25 U.S.-based exchanges released a white paper this week outlining their platform to comply with FATF’s travel rule.
  • The group includes some of the most prominent exchanges stateside, suggesting that the plan has legs.
  • Now, the group has to develop a governance structure.
Avatar

Published

on




U.S. crypto exchanges have a plan for how to deal with FATF’s travel rule














Source: https://www.theblockcrypto.com/daily/82261/us-crypto-exchanges-fatf-travel-rule?utm_source=rss&utm_medium=rss

Continue Reading

Blockchain

Exploring the current state of cryptocurrency taxation in the European Union


Quick Take

  • By now, guidelines for  taxation of cryptocurrency activities exist in most EU member countries. However, grey areas remain.
  • Highly favorable tax treatments in some, and lack of taxation in other EU member countries enables regulatory arbitrage.
Avatar

Published

on




Exploring the current state of cryptocurrency taxation in the European Union














Source: https://www.theblockcrypto.com/genesis/82157/exploring-the-current-state-of-cryptocurrency-taxation-in-the-european-union?utm_source=rss&utm_medium=rss

Continue Reading

Blockchain

FinCEN proposes lower threshold for transaction data-gathering under FATF’s ‘travel rule’ including those made with crypto

Proposed rule change would mandate financial institutions gather and share data on smaller international transactions by lowering the threshold from $3,000 to $250.

The post FinCEN proposes lower threshold for transaction data-gathering under FATF’s ‘travel rule’ including those made with crypto appeared first on The Block.

Avatar

Published

on




FinCEN proposes lower threshold for transaction data-gathering under FATF’s ‘travel rule’ including those made with crypto














Source: https://www.theblockcrypto.com/linked/82229/fincen-proposes-lower-threshold-for-transaction-data-gathering-under-fatfs-travel-rule-including-those-made-with-crypto?utm_source=rss&utm_medium=rss

Continue Reading
Esports30 mins ago

PUBG Mobile Global Championship to highlight player achievements with Esports Annual Awards 2020

Esports2 hours ago

Rivals League member Emma Handy on her first top finish at the 2020 Grand Finals

Esports3 hours ago

Best moveset for Sirfetch’d in Pokémon Go

Esports3 hours ago

How to get Galarian Yamask in Pokémon Go

Esports4 hours ago

How to Climb in Fall Guys

Esports4 hours ago

Phasmophobia Server Version Mismatch: How to Fix the Error

Esports4 hours ago

Animal Crossing Nintendo Switch Bundle Restocked and Available Again

Esports4 hours ago

Animal Crossing Joe Biden: Visiting Joe Biden’s Animal Crossing Island

Esports4 hours ago

Among Us Matchmaker is Full: How to Fix the Error

Esports4 hours ago

How to get the Reins of Unity in Pokémon Sword and Shield’s The Crown Tundra expansion

Denmark
Esports5 hours ago

Heroic beat Astralis to complete lower bracket gauntlet, reach final at DreamHack Open Fall

Esports5 hours ago

How to get Victini in Pokémon Sword and Shield’s The Crown Tundra expansion

Esports5 hours ago

How to “head to the Giant’s Bed to find the Mayor” in Pokémon Sword and Shield’s The Crown Tundra expansion

Esports6 hours ago

How to complete Legendary Clue? 4 and catch Necrozma in Pokémon Sword and Shield’s The Crown Tundra expansion

Esports6 hours ago

TSM Doublelift: “The entire Worlds experience after the first week, we probably had a 10-percent win rate in scrims”

Esports8 hours ago

Call of Duty: Warzone players report game-breaking glitch at the start of matches

Esports8 hours ago

All Minecraft MC Championship 11 teams

Esports8 hours ago

Washington Justice re-signs Decay, acquires Mag

Esports8 hours ago

Silver Lining Warzone Blueprint: How to Get

Esports8 hours ago

League of Legends pros react to Bjergsen’s retirement announcement

Esports8 hours ago

Comstock Warzone Blueprint: How to Get

Blockchain News8 hours ago

Concerns Arise as North Korea’s Financial Services Commission Unsure of Its Cryptocurrency Mandate

Esports9 hours ago

Genshin Impact Resin System Change Introduced in Latest Patch

Esports9 hours ago

Revolution Warzone Blueprint: How to Get and Build

Esports9 hours ago

Red Crown Warzone Blueprint: How to Get

Esports9 hours ago

Animal Crossing’s Turnip Prices Will Hit All-Time High on ‘ Ally Island’

Esports9 hours ago

Black Ops Cold War Playstation Exclusive Zombie Mode Teased

Esports9 hours ago

BR Solo Survivor Warzone Mode Recently Added

Esports9 hours ago

Blinding Lights Fortnite Emote: How Much Does it Cost?

Esports10 hours ago

Madden 21 ‘Why Can’t I Sign Into EA’ Solved

Esports11 hours ago

G2 close in on NiKo deal

Denmark
Esports11 hours ago

Lyngby Vikings replace ENCE in Elisa Invitational; new groups and schedule revealed

Esports11 hours ago

Madden 2 ‘In Order to Access The Online Features:’ How to Fix the Bug

Esports11 hours ago

Apex Legends Switch Delayed Again

Esports11 hours ago

Pokémon GO Colorful Pokémon Are Revealed

CIS
Esports12 hours ago

Virtus.pro extend unbeaten streak with win over NAVI to reach IEM New York CIS grand final

Denmark
Esports13 hours ago

Heroic eliminate NiP; to face Astralis in DreamHack Open Fall consolidation final

Blockchain News16 hours ago

Kik Survives Legal Battle With the SEC, Kin Crypto to Continue Trading on Exchanges

Esports16 hours ago

How to Play With Friends Online in Dynamax Adventures in Pokémon Sword and Shield The Crown Tundra

Esports17 hours ago

How to Separate and Rejoin Calyrex from Glastrier or Spectrier in Pokémon Sword and Shield Crown Tundra

Trending