European Commission To Fight Fake News With Power Of Blockchain

The European Commission (EC) has recently named blockchain technology to be part of its framework to combat the spread of false information online, TechCrunch reports Monday, April 30.

The EC has identified blockchain as a critical part of what it will call the Code of Practice on Disinformation, which it intends to introduce by summer 2018.

According to a recently published press release by the EC, blockchain technology is one of “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.”

The EC says blockchain applications can help provide provide transparency, reliability, and traceability of news on the Internet. The Commission added that distributed ledger technology (DLT) can be combined with other identification processes:

“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…”

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