NFTs To Combat Fake News by taskmaster4450

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· @taskmaster4450 ·
$12.23
NFTs To Combat Fake News
Fake news is something that is spewed a lot these days.

In an effort to combat it, one organization is seeking to use blockchain, KYC, and NFTs to validate what is posted.

https://images.cointelegraph.com/images/740_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9mNDc4ZmJlNmYxMGQzZGNiMGE1ZmI4NDYxMzQ2MDE1OS5qcGc=.jpg

LKS, an Italian firm, is setting up a system that also protects copyright.

>An LKS spokesman confirmed that the system creates an NFT which contains the identity of the publisher, publishing time and a link to the original source. The token confirms the identity of the author (which is established through Know Your Customer procedures during the registration needed to use the system), while the transaction timestamp proves publishing time.

The system will eventually use the Bitcoin blockchain to "stamp" the transactions.  Thus, there is a hash for each article posted.  At the same time, an update will also change the NFT.

>“[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.”

[cointelegraph.com/news/italian-firm-claims-its-non-fungible-tokens-can-tackle-fake-news](https://cointelegraph.com/news/italian-firm-claims-its-non-fungible-tokens-can-tackle-fake-news)

The use cases for blockchain and, especially, NFTs is just getting started.  Innovation is going to explode as more companies and individuals enter this space.  

In the early days, the transfer of value was the only use.  Now, we are seeing many use cases that require the immutability characteristic of blockchain.

Many believe blockchain will be one of the main data structures going forward.  Immutable and transparent can offer a great deal to society.

Unfortunately, that which needs to be transparent tends to be controlled by those who do not want that.  They prefer to operate  in secrecy.

*Image from article posted*
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@builderofcastles ·
You didn't spell out NFT (for those who do not know the nomenclature.. and there are a few uses of those initials)

The root problem is we cannot say with any certainty that anything is NOT fake news.

Take the Wuhan-flu.
Everything changes.  The meaning of every piece of data becomes different when it is revealed that this is a bio-weapon.

Suddenly everything the MSM said is instantly known as fake news
and some things crackpot tin foil hat wearing Tube-pundits becomes real news.

Or take for instance "the gender pay gap"
The reality is that women are paid 8-20% more than men for the same work, same skill and same time.  But, that is such fake news that you are instantly banned from many platforms for saying.  Although it is 100% backed by data AND accounting audits.

Or take "we live on a ball of earth hurtling through space which is a vacuum"
This has been disproven... either that or light doesn't go in straight lines, and local mass has more effect than further away mass on gravity...
But, to speak of these facts is totally fake news.

So, how will NFTs effect fake news, except to provide an audit trail  (which usually ends up going back to the same paper that was disproven years ago.)
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