Decentralized News Network Abstract
A decentralized news network backed by incentives for individuals to create, review, and consume news. The primary innovation of blockchains is a verifiable and cryptographically secured global ledger that can lead to new types of incentive structures. Developers can take advantage of the Ethereum blockchain to build applications that are not only architecturally and politically decentralized, but are underpinned by tokens of value. We propose a network in which writers produce news content that is reviewed by fact-checkers before being published on the network without the risk of being taken down. All parties involved in publishing a factual article will be rewarded with tokens in a self-sustaining environment that thrives on tangible activity and accuracy of content rather than on advertising revenue and corporate interests.
Why is a need for DNN?
Heavy corporate consolidation in media & public lack of trust
Fake News
Growing Censorship
How does DNN address Fake News?
DNN sees itself as an additional transparent layer to vet the reputation and underlying agenda of sources- which is severely lacking in today's media. The rationale behind DNN is to leverage selfish gains by structuring the review system in a way to incentivize fact-seeking and disincentive biases.
DNN relies on consensus amongst content reviewers, rather than a central authority, to determine what should be published.
An extensive review process allows for fact-checkers to validate writer-submitted content for overall accuracy and legitimacy.
DNN's guidelines and content policies direct reviewers on how to approve articles before they get published to the network.
DNN is not tethered to any special interests or political agendas, nor is it vying for a substantial chunk of ad revenue, which puts it in a category separate from most publications that are tied down to a bigger entity.
How does DNN address Censorship?
Content published to DNN is stored on the Ethereum blockchain, ensuring immunity from any efforts to suppress writer content.
DNN's content is persisted across community-managed servers, so that each retains copies of everything published to the network.
Since the blockchain contains data in time-stamped blocks that chain together, being continuously added and archived, it becomes nearly impossible for outsiders to manipulate existing data or information within the distributed ledger.
Each new user that contributes to a blockchain by hosting a miner or a node, helps to secure the data within it by making the amount of resources needed hack it extremely high. This makes it infeasible for any individual or organization to censor any content(s) within.
In DNN's case, publishers can run nodes that host and deliver the news content which users access in a peer-to-peer environment. Even if a government manages to shut down all nodes in its jurisdiction, those users can simply access DNN by switching to nodes elsewhere.
Why DNN will work?
If news distribution were to function without any central authority, less importance would reside on media titans and there would exist a higher degree of autonomy and independence from the bottom-up, starting with journalists and ending at readers. This is what DNN is enabling.
Readers crave one simple thing that DNN is providing: transparency. Transparency in news can make way for a more democratic and freer thinking press, which is sorely needed in these current times.
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