Towards Transparency and Security: An Analysis of The Application of Blockchain in Digital Journalism

Abstract

 Blockchain technology has been regarded as a disruptive new technology from its very beginning. Various blockchain platforms, such as one featuring a public chain, or a private chain, or an alliance chain, are built for the news industry. With its unique technological features, it helps the journalism industry rebuild a transparent production chain and solve the problems in news production. Finally, the incentive mechanism of crypto tokens creates a virtuous cycle of content output, source management and fact checking to protect copyrights and strengthen the accountability mechanism. However, the existing block technology is not mature. Due to technological demands, energy cost and potential economic bubbles in token trading, applications of blockchain in journalism require further technological tweaks and updates.