The spreading of “fake news” has become a common occurrence and a real problem in today’s media. To combat this phenomenon, Polish blockchain startup Userfeeds plans to tokenize news discovery to incentivize users to rank high-quality news content to filter out fake news from real news.
The new platform aims to build an incentive-based system that allows digital content such as news articles, blog posts, and YouTube videos, for example, to be backed by tokens. These tokens can then be exchanged by users, which produces a time-stamped transaction that can be publicly viewed as a link between the content curator and the content they are backing. This process enables content curators to demonstrate confidence in the content they are posting and makes them accountable.