FUD is serious business. Time to put blockchain technology to good use and stop fake news from messing with the free market.
We need a blockchain-based news verification network where news will have 'verified tokens' from relevant parties. For example, when Wall Street Journal claims that Ethereum will be scrutinized by SEC and CFTC, the news piece on the platform will have a 'verified token' icon that can only be verified by the parties involved in the claim, which is SEC and CFTC in the case.
SEC and CFTC will have to be contacted by WSJ so both of the involved parties will have to send a 'signed token' to the specific news piece in order to 'verify' that it is true.
The public reading the news piece can click on the token which will link to the blockchain, revealing the signed source which is SEC and CFTC, therefore verifying whatever claimed in the news piece is true.
If there is no signed token, the news piece, therefore, loses 'credibility'. Authorities around the world can be given the tokens via a formal airdrop with that very specific usage.
I'm not really a technical person but shouldn't blockchain be able to help solve trust issues like this, especially considering that news networks are one of the parties responsible for moving markets? We cannot afford to let them spread any more fake news because it is just outright irresponsible.
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