Category Archives: CVL

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Columbia University Examines Future of DLT in Journalism

New York’s prestigious Columbia University has been examining blockchain and its impact on the world of journalism.

In the most recent edition of the University’s Columbia Journalism Review, a report on the events of its most recent panel discussion entitled ‘Blockchain in Journalism: Promise and Practice’ outlined its findings.

The panel was held at the Tow Center for Digital Journalism, part of the Columbia University Graduate School of Journalism. The Tow Center explores the ways in which technology is changing journalism, its practice and its consumption – particularly as consumers of news seek ways to judge the reliability, standards and credibility of information.

The 19 October panel included important players in both blockchain and journalism including Civil Foundation CEO Vivian Schiller and ZigZag podcast’s Manoush Zomorodi. Also attending were Columbia researcher Eran Tromer, Forbes head of Product & Tech Salah Zalatimo, New York Times researcher Nellie Bowles Po.et CEO Jarrod Dicker.

The panel agreed that central to blockchain’s success in the field of journalism were three areas offering the greatest challenge, with the greatest being to differentiate between cryptocurrency and DLT. The former still offered resistance in the eyes of the general public due to a general lack of knowledge. The stigma of crypto is still there to be overcome, including public fears of volatility and its past connections with criminal activity.

In the same way as cryptocurrency, blockchain suffers from the same dearth of available information to the public regarding its workings and numerous applications across sectors including journalism, despite already making impact in that area. However, flawed designs were identified by the panel, such as “Nieman Lab’s John Keefe calculating that it takes 44 steps to purchase CVL, the token that powers Civil”.

The panelists felt these factors were enough to cast a degree of muted optimism over journalism’s future unless they were addressed as the industry moved forward with further blockchain solutions.

Civil recently announced that it was casting its eye on the Asian news market and, as a result, the company has raised USD 1 million to create 100 media projects there over the next three years. In order to facilitate its ambitious plans in Asia, the company has teamed with Splice, a Singapore-based media startup, which will manage the new fund.

 

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AP Collaborates with Blockchain Journalist Firm for Improved Ethics

The US-based not-for-profit news agency the Associated Press (AP) announced on Tuesday that it would join blockchain-based journalism startup Civil in a content licensing partnership.

The collaboration will allow Civil to access all of AP’s national and international content for use in Civil’s related newsrooms, receiving a direct license for use by AP. In exchange, AP will receive CVL tokens which will be reportedly be used to promote objectivity and accuracy in its work through supporting Civil’s internal economy.

Civil’s technology allows traditional journalism models to be improved by providing authorship and ownership rights, smart contract licensing terms and incentives for ethical behavior. The AP stated that it does not have any interest in changing the ethical standards promoted by Civil but rather, they plan to change how they are enforced by colleagues in journalism.

AP cites a particular interest in how blockchain can be used to improve journalism models as the primary reason for the partnership, alongside this improving ethics and transparency standards. The news organization will pursue additional blockchain uses in tracking content movement and mentions, consumption trends and securing intellectual property.

Jim Kennedy, AP’s senior vice president for Strategy and Enterprise Development, commended his publication’s commitment to effectively progressing journalism into the digital age. Kennedy wrote in the official announcement, ”We’re eager to help cultivate the space and demonstrate our value to a new set of digital publishers.”

According to AP, Civil is just the first significant media partnership to be announced in its pursuit of a ”new economy for journalism” where quality is the primary incentive, with organizations including the International Center for Journalists (ICFJ), the European Journalism Centre and the Reynolds Journalism Institute at the Missouri School of Journalism soon joining them.

Bitcoin News covered the establishment of Civil in June this year as the result of veteran journalists in Colorado turning to blockchain to move away from corporate pressure and reliance on advertising, creating a reader-supported journalism model.

 

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Blockchain Media Civil to Boost Asian Output with 100 New Projects

Civil, the blockchain-based journalism organization, is about to spread itself further with a new USD 1 million fund targeting Asia.

The company built on top of blockchain has been gaining a name for itself in the world of journalism over the past year. The concept of Civil is a unique development in media, utilizing blockchain to allow both readers and journalists to combine to fund topics of interest to them or the public. Supported by CVL tokens, yet to be released, all participants will gain a speculative stake which increases in value as the company expands.

Over the past year, the company raised USD 5 million in financing from ConsenSys and then hooked up with the Colorado Sun, providing financial backing for the then newly-formed newspaper which broke away from the Denver Post after editorial disputes.

Its latest move sees Civil casting its eye on the Asian news market and, as a result, the company has raised USD 1 million to create 100 media projects there over the next three years. In order to facilitate its ambitious plans in Asia, the company has teamed with Splice, a Singapore-based media startup, which will manage the new fund.

The new project will be quite different to the company’s Colorado Sun experience as that newspaper was already newly established, whereas in Asia, Civil and Spice will be attempting to build up projects from scratch and get them off the ground.

Alan Soon, co-founder of Splice, says that there are no limitations regarding the type of media they would take on board and suggested that reporting websites. podcasts and behind the scenes tech were all up for grabs in the new Asian marketplace.

He did also point out that new beneficiaries of the fund would be under no obligation to adopt Civil’s protocol or blockchain technology although Splice itself has committed itself to do so. The advantage being that Splice will have access to the entire Civil networks’ content and licensing. Soon said:

“I’m with Civil because I really believe in their values… They want to do the right thing for this space.”

 

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