Fox and Time Fight Fake News with Blockchain
By Olivier Acuña | TH3FUS3 Chief Editor
June 19, 2024 09:02 AM
Reading time: 1 minute, 53 seconds
TL;DR Fox Corporation and Time have partnered to use Fox's Verify protocol to make content licensing and verification immutable. This collaboration aims to ensure journalism's authenticity and combat misinformation. Time will be the first external publishing partner for the Verify protocol.
A New Era of Journalism
Fox Corporation and the global media brand Time have announced an innovative partnership. They will use Fox's Verify protocol to make content licensing and verification immutable. The collaborative effort aims to ensure journalism's authenticity and combat misinformation in the press.
Mark Howard, Time's chief operating officer, emphasized this goal, stating:
"Time is proud to join Fox's Verify as an authenticated source of fact-based journalism at a time when access to trusted information is more important than ever."
Time: The First External Partner
Fox revealed that Time will be the first external publishing partner for the Verify protocol. They will work to integrate blockchain verification into journalism. This partnership sets a precedent for other media companies to follow suit.
Melody Hildebrandt, chief technology officer at Fox Corporation, expressed enthusiasm for the partnership. She stated:
"In Time, we have found a partner that shares our AI optimism and our commitment to protecting brand equity and authenticity while delivering our content in new and meaningful ways."
The Technology Behind Verify
Verify was launched on Polygon's proof-of-stake (PoS) network in January. It uses cryptography to sign and establish the history and origin of digital content.
The verification protocol establishes a technical bridge between artificial intelligence (AI) platforms and media companies. It has already verified over 300,000 pieces of content across Fox.
Speaking with Cointelegraph, Marc Boiron, CEO of Polygon Labs, said:
"Polygon Labs' collaboration with Fox Corp on Verify exemplifies the positive impact of blockchain technology. Time, one of the world's most respected media outlets, is an ideal first external publishing partner."
Transition to Zero-Knowledge Blockchain
Based on positive feedback, Fox stated that it would transition Verify from the Polygon PoS network to an independent zero-knowledge (ZK) blockchain using Polygon's Chain Development Kit (CDK).
Developed with Gelato -- a decentralized smart contract automation platform -- Boiron spoke enthusiastically about Fox's shift toward ZK technology. He told Cointelegraph:
"With Gelato as the implementation provider, Verify can now become a ZK L2 chain using Polygon CDK, paving the way for exponential growth."
The transition will make content verification more secure and open-sourced. It will enable developers to create authentically provable projects. This shift marks a significant step forward in the fight against misinformation.