Stephen E. Arnold: Can Presscoin Defeat Fake News including Crap News Network, The New York Times, The Washington Post, and More?

Advanced Cyber/IO, Civil Society, Ethics, Media
Stephen E. Arnold

Can Presscoin Keep News from Going Fake

Fake news is a topic that has everyone on all sides of the aisle concerned. However, One innovative idea merging fake news and big data might have solved the problem. We learned more from a recent The Next Web story, “PresscoinL The Largest Crowdfunding Effort to Address the News Crisis.”

According to the story:

As the GDP of the PressCoin economy grows, the value of tokens will rise. And blockchain keeps it honest. Our hope is to grow a decentralized media network reaching 100 mln engaged ‘users/prosumers’ in five years time, and to meaningfully address 10 percent of the news media industry within a couple of years of that.

PressCoin’s business strategy rests on these legs:

  • Shared Design Philosophy–  Open Collaboration, Partnership, and Decentralization
  • Shared Technology Infrastructure– Seamless media technology cloud, underlying big-data systems, advanced APIs for engagement and analytics
  • Shared Business Services– Consumer Data Intelligence, Monetization, Enterprise Sales, Ecosystem Partnerships, Strategic Relations
  • Shared Developer Network– This fertile playground for agile experiments in the news/media/journalism sphere
  • Shared Fiat/Crypto Financial Services Infrastructure– Built on Cointype
  • Shared Venture Arm– Foster disruption within the ecosystem