Article: 24-7 Press Release Newswire – Press release distribution that can be checked on a blockchain

8 May 2023

For years we have heard the buzzword where most people associate blockchain with cryptocurrency. However, blockchain is not a cryptocurrency; instead, it is a security measure to ensure authenticity. Think of it as a distributed database or ledger shared with a computer network’s nodes that can maintain a secure and decentralized record of transactions.

Blockchain technology has disrupted several industries in recent years, and the media industry is no exception. With the rise of fake news, clickbait and sensationalism, traditional media is struggling to maintain its reputation and sometimes its credibility. This type of scenario is where blockchain technology comes in – it can solve these problems by making press releases and news stories more transparent and secure.

One of the main advantages of using blockchain for press releases and news stories is the transparency provided. As mentioned earlier, blockchain is a decentralized ledger that records transactions securely and transparently. This security means that every transaction on the blockchain is visible to everyone and cannot be changed or deleted once recorded. This record makes it an ideal platform for publishing press releases and news stories because it ensures that the information is accurate and reliable.

Another advantage of using blockchain for press releases and news stories is the security it provides. With traditional media, there is always the risk of data breaches, cyber attacks or hacking, which can compromise the protection and confidentiality of shared information. Blockchain technology provides a secure and decentralized platform that is virtually impossible to hack, making it an ideal platform for publishing sensitive information.

With the rise of ad blockers and the decline of print media, traditional media are struggling to find new ways to generate revenue. It is mentioned that some blockchain-based platforms could provide a new revenue stream using cryptocurrency to reward journalists and content creators for their work. This reward motivates journalists to produce high-quality content and ensures that readers receive accurate and reliable information.

Blockchain technology is an excellent way to combat fake news and clickbait. With the rise of social media, anyone can publish and share news without fact-checking or editorial oversight. This lack of checks and balances has led to the spread of fake news and clickbait, harming both individuals and society. Blockchain-based platforms can provide a way to verify the authenticity and accuracy of news stories, making it harder for fake news to spread.

Press Release 24-7 Newswire is excited to work with partners who can get your stories verified on the blockchain. The technology offers a transparent and secure platform for publishing information, enables the monetization of content and can help combat fake news and clickbait. As blockchain technology continues to develop, we expect more media to adopt this technology in the coming years.

To see an example of a blockchain press release with some of our media partners, click here. You will then see a symbol that appears with a chain and 2 locks. Click for a popup with your original content and another button you can click to confirm the blockchain press release, including blockchain transaction information.