Adblock to Use Blockchain to Fight Fake News

The expansion called Trusted News, evaluates the integrity and reliability of online news sources and marks the content
14 June 2018   324

Eyeo, the developer of Adblock Plus, a popular adware blocker, launched a blockchain product that helps identify online resources with fake news, TechCrunch reports.

The expansion called Trusted News, evaluates the integrity and reliability of online news sources and marks the content. After adding to the browser, the extension marks reliable sources with a green tick.

According to the developer, Trusted News classifies the sites, relying on four third-party sources - PolitiFact, Snopes, Wikipedia and Zimdars' List. However, it is not clear how many sites the system has classified at this stage.

The extension is currently available only for the Chrome browser, and analyzes only English-language content. It uses the MetaCert protocol, which supports a registry of trusted URLs. This data will be moved to the Ethereum blockchin, and the MetaCert tokens will be used as a protection against manipulation and a system of user rewards.

According to the director Eyeo Ben Williams, the application is designed to encourage users to evaluate sources of information, leaving feedback and comments for which compensation will be awarded.

Now Eyeo is testing the extension to determine its usefulness for users. At the same time, the company refrains from creating a "white list", sites from which will not be evaluated by users.

Chinese Bank to Issue $66M Worth Securities on Blockchain

The Lianrong blockchain platform was launched by the bank to provide registered companies with the opportunity to distribute assets secured by accounts receivable to investors
21 August 2018   53

Zheshang Bank, one of the largest commercial financial institutes in China, issued securities worth $ 66 million through its proprietary blockchain platform. This is reported by CoinDesk.

On August 13, the bank submitted a prospectus to the Shanghai Clearing House. At the same time, representatives of Zheshang Bank reported that the securities will be secured by accounts receivable from various companies.

A few days later, the China Securities Journal reported that the bank issued these assets on August 17, becoming the first institution in the country to issue such securities.

The Lianrong blockchain platform was launched by the bank to provide registered companies with the opportunity to distribute assets secured by accounts receivable to investors.

Founded in 2004, Zheshang Bank is one of China's 12 publicly traded financial companies that launched various initiatives related to distributed registry technology over the past year and a half.