Italian blockchain agency LKS created a non-fungible token (NFT)-based system that allegedly can stop the unfold of pretend information.
According to an announcement despatched to Cointelegraph on April 14 - apart from countering faux information - LKS's system additionally protects the copyright of digital content material.
An LKS spokesman confirmed that the system creates an NFT which accommodates the identification of the author, publication time and a hyperlink to the unique supply. The token confirms the identification of the creator (which is established by Know Your Customer procedures in the course of the registration wanted to make use of the system), whereas the dealings timestamp proves publication time.
Articles are processed by a non-reversible mathematical operate which creates an alphameric string - a hash - which is then saved on-chain. If a single character of the clause is edited, the hash modifications and the hash saved on the blockchain can show that the clause modified. When a author edits an clause, he releases a brand new NFT with an up up to now hash joined to the older one.
Blockchain's fixity put to make use of
LKS basis founder Omar Baruzzo advised Cointelegraph that blockchain is an efficient match for such a challenge ascribable the fixity and traceability of dealingss:
"[Those features allow] to create a process that can trace back to the user the responsibility of posting a content, therefore dissuading lying and permitting to understand exactly who said something and when."
LKS plans to launch a primary model of the system shortly on blockchain-enabled social media platform Cam.TV. In the longer term, the agency plans to create a brand new model of it that additionally options notarization on the Bitcoin (BTC) blockchain.
Not the primary blockchain content-tracking system
As Cointelegraph just late reported, Italy's prime information company ANSA just late launched its personal blockchain-enabled content material monitoring system dubbed ANSAcheck. The system employs tokens created on the Ethereum blockchain to trace publication and enhancing.
While the LKS' challenge is just like ANSAcheck, Baruzzo mentioned that there are main variations between the 2 programs:
"ANSA check just certifies [...] that an clause is stored in ANSA's database. [Our system] will certify the existence of ANY content (news, but also content to protect), explicitly linking the content to the user [...] exploitation a public blockchain to notarise the process."
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