Civil, the two-year encrypted startup that wants to save the journalism industry by exploiting blockchain and cryptoeconomics, has collaborated with the Associated Press, 172, to help the interception service prevent bad actors from steal its contents.
Civil, using its blockchain-enabled license mechanism, which is still under development, will help AP track where its content is going and if it is properly licensed. In return, the AP granted the editions of the Civil network licenses to its content. Civil, which raised $ 5 million from the ConsinSys venture block study, plans to make the licensing tool available to all editors of its ecosystem once it is up and running.
Matthew Iles, founder and CEO of Civil, told TechCrunch he wants the company to become the new economy for journalism, eradicating the model of income based on long-standing announcements and providing journalists with the ownership of their contents. Beyond that, it wants to reinstate trust and credibility in the journalism sector, which in a period of "false news" has hit its reputation hard.
"We have a problem now not to deal only with false literal news, but to deal with the social aspects of people who really do not know what to trust anymore because people are throwing accusations," Iles told TechCrunch. "We think [Civil] will create much better signals for consumers to really know if a news organization is credible and credible, despite what powerful people might say."
The AP-Civil agreement has advantages for both parties. For Civil, they will have the opportunity to learn the ropes of the licensing business from the first news service, and the AP will have a lesson on blockchain technology, with the goal of determining what kind of impact, if appropriate, the blockchain can really have on journalism. In addition, as part of the agreement, AP will be proud of the new owners of Civil Cryptocurrency, CVL, which will start selling through its upcoming initial money offer on September 18th.
If all goes well, the AP will collect more revenue as a result of the partnership and Civil will have a good use of its blockchain-enabled license tool to show.
Iles added that Civil intends to announce further partnerships in the coming weeks. Just last month, the company announced an agreement with Splice, a communications company based in Singapore, which has the pair investing $ 1 million in 100 multimedia projects in Asia over the next three years.
"This project was founded on the idea that the digital media business is and was on a dangerous path," said Iles. "I was motivated to look at how the multimedia platforms were built.Would we be able to redesign a multimedia platform from scratch? At first I thought about it in a conventional way, but one of the things I came across was a strong desire to make this decentralized platform.I had no idea how to do it until I found the blockchain technology. "
Civil is among a new generation of blockchain journalism startups that includes Nwzer, Userfeeds, Factmata and Po.et, founded by Jarrod Dicker, a former vice president at the Washington Post.