Gartner predicts that the majority of individuals in developed economies will consume more false than true information by 2022. While trust in mass media and established institutions is declining, the use of online social media to connect is rising sharply and it has become an important source for the distribution of digital deception. Researchers claim that although fake news detection could be a complicated process, the traceability of the data, the communications architecture, and the transactions, can be controlled.

That being said, blockchain and other Distributed Ledger Technologies (DLTs) are the rising technologies that can help to combat digital deception. These technologies enable privacy, security, and trust in a decentralized Peer-to-Peer (P2P) network without any central managing authority. In fact, as blockchain gains credibility, it is being piloted for uses never before considered. Groups, as varied as newsrooms, nonprofits, major corporations, and start-ups, are all eagerly pursuing the technology to create distributed, transparent networks for reliable media and digital information.

How does blockchain help?
The main issue about fake news is the rapid speed with which it…read more.