Senior Exec interrupts its cryptography for the ethical issues of the Wall Street Journal
A mini documentary released this week shows the creation and destruction of the Wall Street Journal (WSJ) cryptocurrency. The WSJ coinAs it would be called, initially it was imagined by the journalist Steven Russolillo, who hopes the token can be used for a real case of use for the journalism industry in the encrypted market.
However, the expected WSJ coins, which would have been released in a physical version for an audience in a panel discussing the D. Live annual technology conference in Hong Kong, was thrown away. The CEO of BitPesa, Elizabeth Rossielo, and the former CTO of Ripple, Stephan Thomas spoke at the event and saw the potential in a cryptographic resource based on journalism.
Russolillo worked with Makuto Takemiya to use Hyperledger's Iroha blockchain as a basis for this new token that would have an 8.4 billion unit availability, which was decided after examining the market capitalization of the top 10 cryptographic assets on the market.
Head Of Ethics closes the entire project
When Russolillo launched the project to the investors, Neil Lipschietz, the editor of ethics and standards of the newspaper, struck him. He said the project raised ethical issues and effectively blocked it.
According to the head of ethics, the WSJ is not in the business of the criptos, but in the business to report it and try to explain it. He compared the idea that banks would start reporting on banks and said they would not create a new cryptography.
It was a good idea as long as it lasted, apparently. Did you like it? Would you buy a token created by a newspaper? Only the future will tell if we will soon see one of these.