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Blockchain has revolutionized all the industry. A technology that once started as the underlying framework for Bitcoin exchange has now become a cornerstone technology that has transformed the way businesses operate. Amongst the different industries which have felt the impact of Blockchain, the media and journalism industry is no different.
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How is Blockchain impacting the journalism industry? Blockchain has revolutionized all the industry. A technology that once started as the underlying framework for Bitcoin exchange has now become a cornerstone technology that has transformed the way businesses operate. Amongst the different industries which have felt the impact of Blockchain, the media and journalism industry is no different. The age-old method of functioning has become ossified, and now there is a need for technology that can fasten up the pace of functioning. Many media companies are currently looking for Blockchain experts who can help integrate Blockchain with the current business operations and make it more efficient.
Blockchain and its impact in the journalism industry: Despite the growing importance and need for technology in the media and journalism industry, its use cases are minimal. But we do have certain startups and Blockchain developers who are actively working to build-up blockchain-based apps that can help make the working more transparent and secure. For example, some work is done on saving article metadata and editing history to open an immutable repository. Besides, there is an EU-financed project that makes use of Blockchain for contract and rights management. It won’t be wrong to claim that Blockchain is riding a hype curve, and you can find many use cases of the same across the different industrial segments. With Blockchain technology intervention, we can create a more democratic place for media and journalism, where the authority over the content would not be controlled centrally. Still, the creator will have complete control over the content.
Here are some of the use cases of Blockchain in journalism: It will also help in combating piracy. It is the biggest threat to the original content creator. Since most of the platforms are centralized and because of the interference of intermediaries, many a time, the creator of content faces the problem of piracy, but with the help of Blockchain, we can easily overcome the problem of piracy by giving the user authority. A smart contract is yet another probable way to ensure that you have complete authority over content. Well, these are a few of the use cases of Blockchain in the journalism and media industry. And with time, we are going to witness more proliferation of the same. With the growing demand and use cases, it has become evident that Blockchain experts are going to be in great demand.
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