How is the journalism industry impacted by blockchain

Copyright © Blockchain Council www.blockchain-council.org
How is the journalism industry impacted by
Blockchain?
The entire business has been revolutionised by Blockchain. A technology that once began
as the underlying Bitcoin trading platform has now become a core technology that has
changed the way companies function. The media and journalism field is no different from
the various sectors that have felt the influence of Blockchain. The age-old way of working
has become ossified, and there is now a need for technology that can speed up the pace
of activity. Many media organisations are currently searching for experts from Blockchain
who can help to incorporate and render Blockchain more effective with current business
operations.
2

Blockchain and its impact on the
journalism sector:
Its use cases are limited, considering the increasing importance and need for technology
in the media and journalism industry. But we do have some startups and Blockchain
developers who are actively working to create blockchain-based applications that can
help make the job more transparent and safe. For example, to open an immutable
archive, some work is done on saving article metadata and editing history. There is also
an EU-financed project that makes use of Blockchain for the management of contracts
and rights.
It would not be incorrect to say that Blockchain is riding a hype curve, and several
instances of use of the same can be found across the various industrial segments.
Through the intervention of Blockchain technology, we will create a more open position
for media and journalism, where there is no central control over the authority over the
information. The author will also have full control over the content.
3

Here are several examples of using
Blockchain in journalism:
Civil is one of the key examples we would like to cite here it is a US-based
organisation that has created a system where a journalist can use token-based
monetization to publish and receive. It also provides a model of governance that
guarantees that the network is ethical and meets the principles of journalism.
In the war against piracy, it will also support. It is the original content creator's
greatest threat. As most platforms are centralised and because of the intervention
of intermediaries, the content creator faces the problem of piracy several times, but
with the aid of Blockchain, by giving the user authority, we can easily overcome the
problem of piracy. Another likely way to ensure that you have absolute control over
content is through a smart contract.
4

Well, these are some of the instances in the news and media industry that use
Blockchain. And with time, we will experience more of the same proliferation. With the
rising demand and use cases, it has become apparent that Blockchain experts would be
in great demand.
5

Conclusive note
As a career, Blockchain is a suitable option, particularly if you want to develop and excel
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6

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7

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How is the journalism industry impacted by blockchain

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