Forbes wants to fix journalism with blockchain, but journalists are skeptical

guest · Oct 10, 2018

Forbes wants to fix journalism with blockchain, but journalists are skeptical
Decentralization can fix everything, right?
October 10, 2018
https://thenextweb.com/hardfork/2018/10/10/forbes-fix-journalism-blockchain/

In an announcement yesterday, Forbes revealed it has teamed up with blockchain-powered journalism platform, Civil, in an effort to gain more trust with readers. As part of the collaboration, Forbes will also publish content on the blockchain.

For starters, the company will store articles’ metadata on Civil. The metadata includes all of the information of an article that isn’t the article itself. Basically, any information like authors, publications, time of publishing, and so on.

According to Civil, all data Forbes uploads will be immutable – since it will reside on the blockchain. As such, all such articles will be marked with a “Civil Badge.”

Yet, despite interest from the industry. Media insiders remain skeptical that Civil’s use of blockchain will be enough to fix the medium.
Click to expand...

guest · Oct 17, 2018

ICO of blockchain platform that wanted to ‘fix’ journalism fails
Less than 3,000 people showed any interest
October 17, 2018
https://thenextweb.com/hardfork/2018/10/17/civils-ico-failed-investors-refunded/

Just a week after it announced a partnership with publishing giant Forbes, Civil has declared the failure of its initial coin offering (ICO) and is refunding investors.

Civil broke the news on its Medium blog late Tuesday evening, stating that less than 3,000 people were willing to back the ICO.

In fact, TechCrunch reports that only 1,012 people actually bought any Civil tokens (CVL). A further 1,738 registered but never actually completed their purchase of CVL.
It has now said it’s working on a simpler token offering.

For now though, it appears that blockchain might not be enough to “fix” journalism.
Click to expand...

Log in or Sign up

Forbes wants to fix journalism with blockchain, but journalists are skeptical

guest Guest

guest Guest

Log in or Sign up

Forbes wants to fix journalism with blockchain, but journalists are skeptical

guest Guest

guest Guest

Useful Searches