The internet, among man’s greatest innovation since the beginning of history has no doubt changed and shaped the way we live our lives in every way. Apart from giving us entirely new industries such as e-commerce, the fundamental achievement of the internet remains the fact that now information is liberalized and access to it has been made easy for everyone around the world. No longer is the world held to ransom by the few who in the centuries before had the exclusivity to access of vital information. Communication is instant in today’s world, and from the online to traditional media outlets using cutting-edge satellite internet to broadcast their news, everything gets distributed around the world while it is still hot.
But like with every advancement in technology, there have been serious problems that especially in the past few years have reared their ugly heads into the news industry of the world which threaten its core purpose. In today’s world, it is not the fear of totalitarian states suppressing the news that pose the most imminent threats, it is the free news world unhinging from its core values and creating dangerous atmospheres where the public now views almost every mainstream media outlet with some cynicism. Fake news from Facebook to the traditional media outlets is now rampant, and even when the news is not fake most media houses today are seen as not being objective to things happening as they tend to lean to their political beliefs. The growing lack of trust in media outlets around the world has caused a lot of damage and is creating new challenges for societies, as people take to unconventional means to find out what is really going on and why.
The DNN Solution
DNN or the Decentralized News Network as the name implies is a completely new take on what has been a traditionally trust-based centralized industry. DNN is a blockchain-based startup that seeks to take on the glaring challenges faced by the global news industry and seeks to provide sweeping solutions to them in order to restore sanity, transparency and total accountability winning back the trust of the public.
DNN creators hope to make out of their platform the first completely trustless but trustworthy news platform where anyone around the world can easily access factual and completely unbiased news in a hassle-free manner.
Incentives And Punishments
DNN being built on the blockchain technology hopes to use a carrot and sticks methods to ensure that all news reported and hosted on its platform is absolutely genuine and is not tainted by any political or faith leanings. DNN hopes to deploy a tokenized economy where people reporting on its platform get rewarded for their effort in reporting news that matters in an objective way, this incentivization is then coupled with ensuring a penalty in reputation is recorded for anyone found to be reporting false or over-sensationalized news.
DNN hopes to be the first fully functional trustless news platform in the world, one that the public can turn to whenever in doubt about the occurrence of any news event or how it actually happened. With an open and transparent blockchain which welcomes all dedicated real news enthusiasts, DNN will ensure news remains neutral and unpoliticized.
Website: DNN Media