Why blockchain can help block false news
In 2018, a video of former President Barack Obama appeared on YouTube explaining how easily technology can be used to manipulate video and create fake news. It had over 7.2 million views.
Obama discusses in the video how we live in dangerous times, where “enemies” can make us say anything at any moment. Moments later, the video was faked by itself.
In the last five years, whether its news articles, images or videos, fake and misleading content have gained popularity on the internet. A potential solution to the problem now being discussed will standardize the manner in which content is presented online without trusting anything other than these standards. Join blockchain as a whitelisting tool for news and other web content. As part of an evolution of Web 3.0, blockchain is used to create a decentralized web, where an immutable database records content information and is linked to that content inextricably to ensure validity. Personal data stores would also allow companies and people to maintain control over the content they produce or consume.
By 2023, up to 30% of news and video content worldwide could be authenticated real in blockchain–in turn, the Gartner 2020 prediction report released in December mitigates Deep Fake technologies.
Blockchain can track the provenance of news (text or video content) so that consumers of the content know where it came from and are assured it has not been altered,
Avivah Litan, vice chairman of research for Gartner, told a recent blog
Putting social media and social networks on the blockchain will enable users to control not only their own information, [but also] the algorithms and filters that direct their information flows.
In December, Jack Dorsey, Twitter CEO, announced Twitter is
Twitter is funding a small independent team of up to five open source architects, engineers, and designers to develop an open and decentralized standard for social media. The goal is for Twitter to ultimately be a client of this standard.
— jack (@jack) December 11, 2019
funding a small independent team of up to five open-source architects, engineers, and designers to develop an open and decentralized standard for social media.”
Twitter’s concept is to make it possible for users to read what they want, providing filters based on blockchain to authenticate content if they like it or unfiltered content, according to Litan.
In the past two years, many high-profile ventures that use blockchain have emerged to counter fake news.
The New York Times, the Deep Trust Alliance and the PO.ET, are examples of the efforts made to standardize how news, images, and videos are put onto the Internet, thus capturing their path from source to the audience.
Po.et creates a decentralized Bitcoin-based system, which is a permanent record that signatures the content and uses existing interoperability standards in the media industry.
The News Provenance Project with IBM’s Garage developed a proof of concept using the blockchain from Hyperledger Fabric to store detailed information about the photo and video of news, including who shot and published videos. The blockchain will document the source of the photo: when, where, by whom it was taken, who published it and how it was used in a network of news agencies.
The Deep Trust Alliance has been founded by Kathryn Harrison, formerly Director of Global Product Management for IBM Blockchain, where she helped develop and build management service for Hyperledger Fabric.
Most companies and efforts start with deep fake video and images, which aren’t even prevalent on the internet; that’s such a small percent of fake content,
They started with deep fakes because they’re the easiest
In comparison to manually manipulated content such as a news article by bad actors, deep fake news refers to an image or video created by AI and machine learning technology known as generative adversary networks (GANs). Danny O’Brien, Policy Manager for the Electronic Frontier Foundation, said that technology is rarely used to solve a social problem.
I’d happily bet 10 bitcoins 30% of news not authenticated by blockchain by 2023,
O’Brien said that he was referring to the analysis of Gartner.
Some people believe that the solution to the problem with fake news is to create a system to vouch for true news. That stumbles in a couple of places. First, just because you put it out doesn’t mean it’s true. And secondly, people responding to and [sharing] fake news are rarely motivated to find out if it’s true.
In other words, audiences do not generally want to use critical thought to see if the news is real or not–as long as it fits a story they want. The news provenance project of the New York Times, however, did not start with articles. This began with playing with images since it is simpler for the algorithm to look at pixels and decide whether they have been modified or remain real, Litan said.
In comparison, an industry view about the sources that generated written text would be the best way to authenticate it. In other words, use the native consensus algorithm from blockchain to allow content producers to agree that something is authentic before it can be written.
The best use of blockchain is content management. If everyone adopted a content management system that [cryptographically] signed your stories and every edit made to them, and then recorded that and authenticated it using blockchain, the chances of it being fake would be zero,
Litan said. Nevertheless, misleading fake news is generated by state operators who construct narratives for political reasons.
It doesn’t matter if they enter an authentication system because such a program is never universal, said O’Brien.
If you try to throw your weight behind a system that creates a badge of authenticity for ‘legitimate’ news, either that won’t work for getting rid of it or you can’t get everyone to sign up,” O’Brien said.
Litan believes that all media outlets will have no chance to decide on a common content management system.
Nevertheless, Litan said that blockchain is being explored as a tool for along with being used to list credible news sources.
- Authentication: Certain techniques such as electronic sensation analysis or spectral imaging to ensure the validity of the document being registered and monitored on the blockchain (e.g. news, food, electronics);
- Blacklisting or Detection of Anomalies: use AI and machine learning frameworks to identify behavioral or data deviations in and out of a database feeding in the blockchain.
- Physical and virtual bridging: IoT sensors/networks / digital clones to link real’ truth’ to the virtual’ truth’ business event documented on the blockchain.
A decentralized social network platform could still feed you distorted sensational news, but presumably only if that’s what you choose to read. With blockchain provenance, you could also be assured for the source for that news,
In the end, it will be your purposeful choice to read fake news from bad actors.
MakerDAO won’t compensate Vaults affected by liquidations during the March market crash
MakerDAO has concluded a governance poll in which Maker token holders have decided not to compensate Vault owners who suffered losses by liquidations during the March 12-13 market crash.
The post MakerDAO won’t compensate Vaults affected by liquidations during the March market crash appeared first on The Block.
BitMart Exchange partners with top cybersecurity solutions provider
Renowned crypto exchange firm, BitMart Exchange, has recently revealed its intentions to enter into a partnership with a cybersecurity firm, Hacken, to make crypto trading safer. In the tweet that was released, BitMart Exchange lamented the number of losses that clients have had to endure while saying this new development will be a groundbreaking innovation. […]
Renowned crypto exchange firm, BitMart Exchange, has recently revealed its intentions to enter into a partnership with a cybersecurity firm, Hacken, to make crypto trading safer.
In the tweet that was released, BitMart Exchange lamented the number of losses that clients have had to endure while saying this new development will be a groundbreaking innovation.
To make the platform hack-proof, BttMart will deploy an anti-fraud technology which was developed and produced by Hacken. This new technology will oversee the security on the platform while making sure that the site is resistant against hack attempts in the future.
BitMart Exchange plans to be the most hack-proof platform in the world
In the official announcement, ButMart said:
Our goal to become one of the safest trading platforms has never wavered and we have yet again deployed a new technology to help us achieve that aim.
With the technology deployed, hackers would not be able to mirror clients transaction details to access their accounts on the platform. Notably, BitMart Exchange needed the new security assurance to help its over two million clients all across the globe. The firm is one of the top ten digital assets exchange firms around the world due to the large pair of market varieties that it offers.
Hacken acts as a stumbling block between exchanges and hackers
Giving his review on the developments, CEO of BitMart Exchange, Sheldon Xia, said that this new security measure means that their customers have nothing to worry about when it comes to transactions carried out on the platform.
He also noted that their work with Hacken further pushes them close to their goal of owning one of the most sophisticated security in the globe. Hacken is not a small fish when it comes to cybersecurity as the firm boasts of a wide range of experience accrued over the years. Hacken has said it is the major stumbling block between crypto exchange platforms and hackers across the globe.
Ripple prices down to $0.231, what next?
Ripple has lost 0.8 percent at press time for today’s trading session. The daily charts show the markets are still biased for short positions. The daily chart indicates the market will break below the $0.228 support levels. Intraday traders will also find shorting oppornuties on the hourly charts. Hourly charts also shows that the market […]
- Ripple has lost 0.8 percent at press time for today’s trading session.
- The daily charts show the markets are still biased for short positions.
- The daily chart indicates the market will break below the $0.228 support levels.
- Intraday traders will also find shorting oppornuties on the hourly charts.
- Hourly charts also shows that the market is on a short term bearish flag which has lost volatility and trading sideways.
Ripple opened today’s trading session at $0.2329, reaching highs of $0.2338 and lows of $0.2306. At press time, the crypto was trading at $0.2311 after the prices lost 0.80 percent of its value. Today’s market prices have already erased the gains made yesterday, when intraday trading for the day was bullish.
Ripple price analysis on the daily chart
For three consecutive days, Ripple has failed to break the support level at $0.228, hitting the level twice on the daily chart. The chart also shows that the prices have resumed their bearish move on the daily chart, which for this week had been trending downwards, with the exception of yesterday, where intraday traders went long on the cryptocurrency.
The daily charts indicate that investors are still strongly biased to the downside, with the longer trend showing that the prices have just come out of a bearish flag with high volatility, which pulled back yesterday for intraday traders.
Ripple next move on the daily
The price analysis on the daily indicates that the bearish move has resumed today after yesterday’s bulls. The support levels at $0.228 are expected to be broken, with the prices moving out of the structure and starting a bearish move.
This is confirmed by the RSI indicator readings which are currently in their mid-30s and approaching the oversold region. This shows that the crypto is still biased for the short, with a high likelihood of breaking the support level at $0.228. Therefore, short positions on daily charts is a plausible trade for long term traders. This is in line with our previous analysis of the crypto.
Ripple Intraday Trading
The prices on the 1-hour ripple chart shows that the crypto is currently trading on a bearish flag, with prices moving within an ascending channel. However, this channels seems to have lost momentum in the last few hours, after failing to hit the resistance levels of the upper trend line after opening the markets near the $0.2343 pivot support level S1 on the hourly charts.
The hourly charts show the prices approaching the lower trendline of the lower channel, where it will likely face some resistance. However, with decreased volatility on the bearish flag, the prices seem to have lost all the momentum of continuous trading in the ascending channel. Therefore, prices will most likely break from the ascending channel to the downwards and approach the $0.2289 support levels.
A combination with larger timeframes indicates that the hourly price charts will more likely see a push to the downside after testing the support level of $0.2289. If this happens, the next stop for the prices will be on the S2 support levels at $0.2222.
Therefore, for short term ripple intraday traders, the short position is the most plausible trade for the day. Price action and indicator analysis show that the markets are still biased to the downside, even on lower timeframes.
Disclaimer. The information provided is not a trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
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