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Forbes Signs Agreement with Blockchain-Based Publishing Platform

Renowned business media outlet Forbes is now in partnership with Civil, a blockchain-based platform for journalism. The move, if successful, will see Civil-approved journalists view their content on Forbes which has over 12o million readers around the globe. The collaboration, however, is limited to blockchain and cryptocurrency-related news only.

According to Civil co-founder Matt Coolidge, Forbes will be integrating the blockchain’s publishing platform into its content management system. The integration will be complete in a few months and the start of 2019 will see journalists upload their news and contents to the Civil network, with automatic mirror uploads to the Forbes website.

Coolidge said that Forbes will also “experiment with new methods of reader engagement”.

The announcement was made on US-based news outlet Axios and Forbes will eventually allow other news to be published on the blockchain too. Forbes will be using this opportunity to use decentralized solutions, helping its wide contributor network. The news giant will use smart contracts to allow journalists to have their published articles to be shared with other platforms, including Medium and LinkedIn.

This is not the only foray of the decentralized platform into traditional news channels. Civil already has a partnership with Associated Press (AP). The worldwide media agency will be using blockchain and Civil for intellectual rights, content tracking (including usage) and even clamp down on fake and altered news through supporting ethical journalism. AP will be storing its content on the Civil platform under an agreed trial, allowing other news agencies to access the reports.

The partnerships signal multiple penetration of blockchain-based platforms into renowned mainstream news outlets.

 

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