Verizon Unveils Blockchain Tool For Its News Platform

American communication operator Verizon presented evidence of the concept (PoC) for a blockchain base tool, providing transparency of the released news.

The tool was called Full Transparency, and is described as “recording on the blockchain of all changes in news releases ". It should become part of the concept of "responsible business", in which Verizon hopes to use technologies to improve community interaction, education and labor.

“This initiative must transform then, How Verizon Corporate Newsroom publishes press releases. The tool will provide trusted reports on changes in press releases and public communications ", - noted representatives of the company.

Development was carried out in collaboration with Adledger, Huge и MadNetwork. All changes in press releases will be recorded and users will be able to find out the original version of the news. Communications Director Verizon Jim Jeras (Jim Gerace) stated:

“As a technological company, giving people access to information, We are pleased to present the Full Transparency tool. This product will help us to ensure corporate message confidence. We invite companies around the world, which primarily value transparency and trust, Use the verification of data on the blockchain ".

Recall, what's in september 2019 Verizon has patented a blockchain system to create virtual SIM cards (vsim).