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Honeycomb, startup blockchain, was presented as one of the "smart" and smarter startups in a technology function in the 2018 Online Association Association Conference (ONA18).
NiemanLab, part of the Nieman Foundation journalistic standards organization, questioned if a boot like Honeycomb could convince users to extract the cryptocurrency with their cell phones and donate it to news organizations.
Mine Monero on your phone – so give it
The honeycomb software would allow users to extract Monero cryptocurrency on their cell phones while their phones are inactive and charged at night. Thus, these users would donate the proceeds, through Honeycomb, to news publishers. Users should run their news application and select Honeycomb on their mobile phones.
There are some key advantages, such as support for independent press and good journalism. There's also the ability to encourage more news applications that no longer need to post ads or collect user data to monetize their news feeds. Software is a way to pay for news, so publishers who currently charge subscriptions may also consider a "free" service and use Honeycomb instead.
Co-founder Orlando Watson explained to NiemanLab that revenue from mining cryptocurrency has come in that never existed before and could now "support an investigative journalist for a year or cover a truly important environmental story," adding that:
Every new entry is worth it for a news organization.
Honeycomb is now looking for publishers to join the platform and start testing its capabilities and Watson says it already has an interest from publishers, non-profit editors and international organizations.
A niche product?
But, only nine percent of Americans interviewed by Digital news report have never received a news notice on their cell phones, let alone a news application. Not to mention the Apple problem that prohibits all iPhone encryption applications, making the service to Android users. Google Play has also banned cryptography apps from the Google Play Store.
After these lies is the problem of convincing users to give news publishers rather than other good causes. What happens if users have the option to encrypt their mobile devices for themselves?
Although it is a very credible way to provide the necessary support for journalism, news and free press in general and for readers to pay for news services, Honeycomb could be turned to a small niche for those willing to do so. .
Co-founder Watson shared his aspirations with NiemanLab:
I would like to see ourselves as a wider community of journalists, people who are interested in sustainable and quality journalism, exploit the power of new technologies rather than being victims of them.
The general public is learning more about how the web is monetized and the amount of data collected and used secretly by advertisers. In doing so, they are more likely to be able to make informed and real choices about who to reward with donations of data, patronage or even cryptocurrency.
As decentralized web and blockchain technology grows in users' reputation and expectation, innovative blockchain startups such as Honeycomb may have a place. It will undoubtedly face the competition to convince new computer users, who will realize how data and Internet monetization works and try to use them to their advantage.
Use a news application on your mobile phone. Do you want to reward publishers and journalists using Honeycomb?
Images courtesy of Shutterstock.
