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NEM Foundation to Work on Blockchain System for Journalists




Argentina’s NEM Foundation has inked a memorandum of understanding with a local trade union of journalists with the aim of developing a blockchain-powered solution for copyright protection.

This is according to a report from Cointelegraph.

The memorandum agreed with CISPREN — which is the journalists’ trade union of the city of Cordoba in central Argentina — also suggests the growth of a Proof-of-Concept for the project. CISPREN is hoping that blockchain can provide an answer to various concerns that are linked with the protection of intellectual property rights. This includes content theft, failure to pay royalties and many other issues.

The press-secretary of CISPREN German Guismondi was quoted as saying that authors would be able to upload their content to blockchain, in the process making a timestamp as proof of authenticity. Content will be tagged with a unique QR code and a digital signature, that would function as safeguards for the author in case of a dispute.

Blockchain is already being utilized in journalism as a copyright and content management instrument. Last year, Forbes collaborated with blockchain-based platform Civil to publish its content on the decentralized network of the latter. The media outlet is now looking to apply decentralized technologies to all of its content and let its writers publish articles on Forbes and Civil at the same time.

The Associated Press (AP) has also linked up with Civil last year, to monitor the usage of its content with blockchain. The news agency was interested to determine whether the technology can help it safeguard property rights and back ethical journalism.

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