The Associated Press (AP) news office has inked a content licensing organization with blockchain-based startup Civil, as indicated by an official declaration Tuesday, August 28.
AP is allegedly intrigued by investigating approaches to anchor intellectual property rights, support ethical journalism, and track content use with blockchain innovation.
As a component of the project, AP will convey its content, including national and universal news to Civil, with the goal that news organizations can get to it on the platform. Any newsroom wishing to get to AP content will be authorized specifically by AP.
As a major aspect of the partnership, AP will claim CVL tokens which, as indicated by Civil, fill in as an incentive device to keep newsrooms objective and exact. Jim Kennedy, AP’s senior VP for Strategy and Enterprise Development, clarified the organization’s interest for distributed ledger technology(DLT):
“AP has been pushing into new digital territory for more than two decades, and Civil is opening up another new space with interesting technology to explore and a commitment to good journalism. We’re eager to help cultivate the space and demonstrate our value to a new set of digital publishers.”
The Associated Press, established in 1846 and headquartered in New York City, is one of the world’s biggest news organizations. According to 2016 data given by the office itself, AP works 263 news authorities in 106 nations.
Civil is a startup that creates innovation to track possession rights and content use in the journalism industry.
Different organizations have additionally looked to use blockchain technology for them to give all the more reasonable and target journalistic practices. In July, Adblock Plus developer eyeo GmbH declared a blockchain-based program extension Trusted News, Cointelegraph reported June 14. The add-on’s motivation is to explicitly name “fake news” while whitelisting reliable sources and stories.