The Social News Company Ltd. launches NewsBlocks, a blockchain platform for building next-generation news applications, such as trusted news feeds, fact-checking systems and fake news detectors. NewsBlocks starts from the insight that the traditional news article — a form of news designed to be printed on paper and thrown away each day — is not well suited to the digital age of mobile, instant data. The project’s primary goal is to convert all the world’s news articles into data, and store it permanently on a tamper-proof, censorship-resistant blockchain, where it can be searched, sorted, filtered and organised by anyone in new ways to create trusted news applications. Because each piece of data also has a price, NewsBlocks also creates the first global marketplace for news data.
Mark Devlin, CEO:
Once news is data, it can — for the first time — be verified, stored and priced so that anyone can use it to create the next-generation of news products and services.