Blockchain
Indian Media Leverages Blockchain Tech to Verify General Election News
A Taiwanese blockchain tech firm is teaming up with journalists to fact-check the upcoming election in India in a battle against digital deception.
Numbers Protocol says it employed the same approach during the 2020 US presidential election and the Jan. 2024 Taiwan presidential elections.
In the lead-up to the Indian general election starting April 19, a collaborative effort will see partnered news outlets and photojournalists capture content on location. This content will then be uploaded onto a blockchain platform using Numbers Protocol’s suite of tools, specifically Capture Cam and Capture Dashboard.
These tools aim to enhance the credibility of captured digital media by detecting potential manipulation attempts through artificial intelligence.
Beyond professional journalists, Numbers Protocol has invited civil society organizations to contribute by using the Capture application.
The platform automatically associates all user-generated content with provenance data. This embedded data empowers media organizations to verify the authenticity of such content efficiently.
Fact-Checking Gets a Tech Upgrade as AI Detects Election Shenanigans
Numbers Protocol co-founder Tammy Yang shed light on the company’s approach to detecting deepfakes and manipulated media. She told Cryptonews that all content submitted by news outlets and photojournalists undergo a blockchain registration process.
This allows users to upload the content to a verification engine powered by an AI model. The model then compares the uploaded content to a database of similar content. If the content originates from a trusted source, the engine will display an exact match.
Conversely, content from unverified sources will be compared against similar content from established sources. This will highlight potential discrepancies and provide users with a means to discern authentic information.
Upon registration, each piece of content receives a unique identifier, or Nid, generated using the ERC-7053 standard. This Nid directly corresponds to the content’s hash. Consequently, any alteration to the original content will result in a different hash and, therefore, a different Nid. Additionally, the verification engine’s AI model can independently verify if uploaded content matches the registered version.
She further said the verification engine will also be available for public use.
“We are actively working with civil society groups and our own community in India on this project,” she said. “We believe that citizen reporters are just as important as the established press and equally need to have their content protected and archived.”
Unbiased Selection for Election Media Verification
To ensure impartiality, Yang emphasized that the selection process for partnering journalists and media organizations is conducted in a strictly unbiased manner.
“Numbers Protocol is a decentralized network and the collaboration opportunity is open to all journalists and media outlets,” she said. “The value of Numbers Protocol is to present the full picture, showing the provenance (i.e. where the content was coming from, how it was generated) to everyone who wants to know the story behind the content.”
The provenance records created verify the integrity of digital content and can also be used by photojournalists as a mechanism to monetize and license their work.
Source: cryptonews.com
The post Indian Media Leverages Blockchain Tech to Verify General Election News appeared first on HIPTHER Alerts.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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