Blockchain
FiO TruSign Tackles Fake News with Blockchain-validated Author Signatures
The SaaS company FiO’s latest disruptive application combats the proliferation of “fake news” on the web. FiO’s TruSign is a browser extension that helps authors verify the authenticity of their content as it is disseminated online. TruSign uses blockchain and AI and currently being trialed on inaccurate coronavirus reports that are circulating on social media.
Developed with FiO’s versatile blockchain tool that targets conventional businesses, TruSign enables authors to create an indelible signature to attach to their works approved publication source and third-party website URLs as they spread across the Internet. TruSign’s verification indicates that the article is from the claimed source and the original author has willingly endorsed the piece.
TruSign solves several problems for authors, readers, and media owners. Authors and content creators can now visually certify articles hosting their intellectual property, and be alerted to modification or misuse by third parties who appropriate it. Readers, in turn, can gauge the authenticity and factualness of content before they read or share it. In addition, it encourages and promotes the data correctness of content, and disincentivise the spread of false and misleading information.
TruSign, developed with GPG and FiO’s proprietary technology, works as a secure Google Chrome extension with an intuitive user interface. Users must install the browser plug-in prior to use.
To “sign” an URL, the signed-in author can directly click the TruSign icon to sign the article’s web address and append the signature to the article page. The author’s signature is created by TruSign’s private key and then published on the public blockchain. Users can verify an article’s signature with TruSign’s public key.
TruSign uses a common tiering system to certify the author’s verification level and manage user features. To display a bronze certificate icon, authors must complete basic registration with a verified phone number.
For a higher-level silver certification, authors must verify their real identities. Gold certification is reserved for authoritative media and well-known opinion leaders who are willing to endorse content with their names.
TruSign is tested on Facebook, to help combat the spread of misleading and conspiratorial news on the coronavirus. This follows FiO’s innovative blockchain-based volunteering system and the mask distribution map system in Taiwan last month. FiO TruSign is tentatively slated to integrate with other communication software and applications later this year. Visit www.FiO.one or try FiO TruSign www.FiO.one/TruSign.
SOURCE FiO
Blockchain
Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics
The post Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics appeared first on HIPTHER Alerts.
Blockchain
Alpha Transform Holdings Releases March Report on ASC AI Index
Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
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