• South Korean journalists will benefit from blockchain technology

  • A South Korean technology firm is collaborating with the country’s largest professional journalist organization to develop digital tools and techniques to address issues in the journalism industry.

    PUBLISH, a media technology developer, recently announced the signing of a memorandum of understanding (MOU) with the Journalists Association of Korea (JAK), which has over 11,000 working journalists as members. The collaboration aims to improve the ecosystem for journalism and news media by utilizing blockchain technology.

    According to the agreement, chair of the association Kim Dong-hun stated that the partnership will leave a significant mark on the Korean news media industry, as PUBLISH’s technology can offer realistic solutions to the industry’s current problems. PUBLISH also claims that its mission is to provide solutions to some of today’s most pressing issues in journalism, such as the erosion of journalistic principles, clickbait and misinformation, and competition from social media and portal websites.

    “One of the first things we plan to do is issue blockchain-based press credentials to member journalists using decentralized identification technology,” said Sonny Kwon, CEO of PUBLISH. “We are also planning to introduce NFT (non-fungible token) technology to assist journalists in monetizing news content.” The two organizations will continue to collaborate on research and development of tools and techniques for improving journalism quality in the digital news ecosystem.

    Another goal of PUBLISH is to provide media publishers with the tools they need to maintain financial and editorial independence. PUBLISHchain, a blockchain mainnet or an independent blockchain network, was launched in August to serve data-centric media applications, including notarization of news contents.

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