THELOGICALINDIAN - Distributed balance technology has the adeptness to change any industry area artifice can action Few industries are added decumbent to artifice and lies than the account industry and PressCoin is attractive to booty on this awe-inspiring task
In contempo years, we’ve apparent the awe-inspiring aftereffect the boilerplate media can accept on accessible opinion. The 2016 presidential acclamation is one of the clearest cut examples. An astronomic bulk of account fed to the American bodies that was collapsed out not accurate from both abandon of the political aisle. Out of this the appellation “fake news” was born, and accusations of media outlets advertisement on affected account and breeding it to their barter with awful absorbed blew up like wildfire.
The internet giants became the lightning rod for this phenomenon: newsfeed and chase algorithms by architecture baddest what agreeable bodies see. And in an age area bodies usually alone get their account from one or two sources, these companies accept an astronomic albatross to accommodate authentic and candid content. Some don’t booty this albatross as actively as they should, and as we saw aftermost year and abide to see today, they can additionally booty advantage of this ability for their own agendas.
Another botheration adverse the Journalism industry today is the botheration of anytime falling acquirement from their account content. Before the appearance of the internet, newspapers and your nightly account were your alone sources, now there are bags of sources, which you mostly acquisition via Facebook and Google
Back in the day you paid for your account bi-weekly cable and that – and “rivers of gold” in announcement revenue, provided assets to account publishers. When the majority of account readers confused to the internet, abounding publishers were faced with a accepted problem; they couldn’t get the aforementioned bulk of money from online publications. Solutions such as on-site advertisements helped, but it wasn’t enough. Some resorted to paywalls, but that tends to about-face abroad readers.
The aggregation abaft PressCoin are developing several solutions to the issues afflictive the account industry. They’ve proposed the conception of not a distinct answer, but a accomplished arrangement of media companies, anniversary a apple of account publishers, writers and account consumers, area every alternation becomes a transaction. Everything from autograph affection content, active avenue polls, sparking allusive agitation in the comments section, or allowance to moderate, to accouterment bare advice for the accessible to abetment them to accomplish an accomplished voting accommodation will be tracked, and in some cases monetized via the platform’s built-in currency, the PressCoin (Ticker: NEWS).
A Acceptability Arrangement will be stored on the blockchain. Through this, whenever you see a allotment of account whether it be via your Facebook augment or Reddit, consumers will be able to analysis the antecedent adjoin the acceptability arrangement to appraise its credibility. The arrangement will not alone administer to publishers, but to commenters as well. Everyone will be captivated to a standard, and declining to authority to that accepted will aftereffect in a accident of acceptability and accordingly credibility. Publishers who advance affected account will be penalized and their acceptability tarnished.
PressCoin is already actuality implemented on several new platforms. One example, currently beneath construction, is alleged NextElection. NextElection will adviser politicians and elections about the world, tracking their constituencies and accordant issues, afterwards all there is consistently a abutting acclamation about the corner! The Platform will accredit voters to participate in their elections in a way never apparent before.
Several apparatus in anniversary acclamation will be tracked by the platform, including things such as incumbents, challengers, and the issues that are actuality debated on the attack aisle – and conceivably additionally the accident of affected news. This will assist voters to accomplish added abreast accommodation appear acclamation day, and hopefully advance capitalism everywhere. An avant-garde adaptation of a blockchain-based voting arrangement is in the works for a analysis barrage in 2024.
While NextElection is a acceptable archetype of the ability of the PressCoin system, there are several companies and articles already in the works about analytic reporting, solutions journalism, aborigine journalism, and hyperlocal news. Several new technology startups ablution via PressCoin Accelerator Program, a adventure arm, annular out the antecedent launch.
PressCoin is currently wrapping up their Pre-ICO, which began on November 22, and ends on December 10, 2017. It will be followed by their main ICO, which will run from December 11, 2017, through January 8, 2018. Bonuses will be awarded to aboriginal participants, as the aboriginal bristles actor bill awash will be accompanied by a 30% bonus. The benefit decreases as added and added bodies buy up the accessible tokens and the ICO progresses.
At launch, one PressCoin will accept a adequation with the US dollar. The badge additionally represents shares in the PressCoin PLC company, based in the UK, and investors will accept admission to balance information, anniversary letters and the like. PressCoin holders will not alone authority tokens, but back anniversary badge is affiliated via smart-contract with an disinterestedness allotment in the company, badge holders will additionally accept dividends. These backdrop accomplish PressCoin an abnormal ICO, and for the account industry a different opportunity.
For added advice about PressCoin and the accessible ICO amuse appointment their website and download the project white paper.
Do you anticipate that PressCoin can abate and re-monetize the account industry? Let us apperceive in the comments below.
Images address of Pixabay, PressCoin
