The European Commission to fight ‘fake news’ using blockchain
The European Commission (EC) has called upon blockchain technology to fight against spreading false information online or fake news and the threat it poses.
The EC has released a statement which explains about the plans to restrict and eradicate the significant rise of online misinformation. They also cited various technologies including artificial intelligence and blockchain.
The EC has recognized blockchain as a critical part of what it will call the Code of Practice on Disinformation, which it plans to introduce by summer 2018
“Blockchain technology is emerging technologies which are changing the way information is produced and disseminated, and have the potential to play a central role in tackling disinformation over the longer term.” according to the press release by the EC.
They went on to add that blockchain applications can aid to provide transparency, reliability, and traceability of the online information on the internet. Also, the commission said that blockchain technology can be combined with other processes of identification.
“Innovative technologies, such as blockchain, can help preserve the integrity of content, validate the reliability of information and/or its sources, enable transparency and traceability, and promote trust in news displayed on the Internet. This could be combined with the use of trustworthy electronic identification, authentication and verified pseudonyms.”
A report published in March by the EC High-Level Expert Group (HLEG). This calls for more transparency from online platforms to restrict the propagation of false information online. The commission aims to develop the EU-wide Code of Practice on Disinformation that is set to be published by July 2018.
Blockchain development will also be included in the research activities of the Union’s research funding body Horizon 2020 Work Programme, union research funding body’s research activities will include the development of blockchain.
In the recent past, Bcfocus reported announcement of European Commission signing of a Declaration to create a European Blockchain Partnership made of up 22 countries.
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