Current Bitcoin Price

Friday, October 30, 2020

While not as obvious as the Paypal advancement, this is comparable and deserves more publicity: Verizon announced they will be using Ethereum to log press releases - this blockchain-based press release system is designed to “ensure corporate accountability and trust."

Verizon's main website has more information about their integration of blockchain and Ethereum.

We have one of the largest companies in the world - technically one of the largest in the history of the world - planning on using a blockchain, Ethereum no less, in the use of press-releases -- communiques on daily, weekly, and monthly business proceedings.

Today, Verizon beat the crypto news industry to the punch. It announced that it’s implemented a blockchain-based record for its press releases.

The new system, called Full Transparency, is a blockchain-based, press release-recording system “designed to raise the bar for corporate accountability.” It cryptographically bounds each press release to the blockchain, tracking and contextualizing subsequent edits.

From YahooNews::

A lack of transparency has the potential to undercut corporate credibility. According to the 2020 Edelman Trust Barometer, nearly 60% of consumers globally believe that the media they consume is contaminated with untrustworthy information. Transparency in news releases is an important step that a company—particularly a publicly traded one—can offer. Full Transparency's goal is to change the way corporate newsrooms provide visibility to their readers and hold themselves accountable for what they communicate to the public.

In order to stay competitive, incorporating blockchain/distributed ledgers is going to be necessary in the market and business world -- and this is just one example from one company. And they're using a public blockchain, not a centralized corporate fake.

This is the type of news executives and board-members throughout the world are going to see and make note of. It may be clichΓ©, but doesn't make it untrue -- this is big news and will reverberate much like the Paypal announcement did in my opinion.



Submitted October 30, 2020 at 02:02PM by pale_blue_dots https://ift.tt/3201jpD https://ift.tt/2Z7cX2s

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3oF1sZc
via IFTTT

No comments:

Post a Comment

Featured Post

BITCOIN (BTC) blockch✂️ain FORKS

πŸš§πŸ›‘πŸš§πŸ›‘πŸš§πŸ›‘πŸš§πŸ›‘πŸš§πŸ›‘πŸš§πŸ›‘πŸš§πŸ›‘πŸš§ Bitcoin Cash:  Forked at Block 478558, 1 August 2017, For each 1 BTC you get 1 BCH Bytether:  Cross for...