On May 21 a group of 12 Chinese media organizations comprising of television stations, local newspapers, radio stations, and web media allied to create a “blockchain-powered news department”
According to the report published by China Email, the media companies are from all over China and will be using solutions based on 4.0 and blockchain technology in favor of the distribution and exchange of content through the network.
Dubbed as “The National Department of Blockchain News Editing,” it will distribute reliable and traceable news and media files recorded as blocks on a blockchain network.
Among the media groups that comprise the department are:
- Beijing Time
- Hubei Radio
- Shanghai Poster Industry Group News
- Guizhou Daily Tianyamn News
- Yunbao News
Wu Tong, deputy director of the CECBC Blockchain Committee of the Chinese Ministry of Commerce, views that the reform they seek to make through the news department is governed by the following precepts:
- Thinking logic
- Asset shape
- Organization mode
- Technical framework
Wu says that in terms of blockchain development, the country has been making better progress. It gives an example of the “intensive” development of blockchain collective learning across the country.
The report adds that the use of the blockchain in the field of communications can not only help news producers protect legal copyright, but also create commercial value.
According to Shang Kun, executive deputy director and co-secretary of the China Communications Industry Association Blockchain Special Committee, the use of blockchain technology could also “greatly” reduce the cost of litigation in copyright-related legal affairs and thus making right protection “more convenient and efficient.”