{"id":260132,"date":"2021-05-27T08:33:42","date_gmt":"2021-05-27T05:33:42","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/fact-check-has-coinbase-launched-a-decentralized-fact-checking-portal\/"},"modified":"2021-05-27T08:33:42","modified_gmt":"2021-05-27T05:33:42","slug":"fact-check-has-coinbase-launched-a-decentralized-fact-checking-portal","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/fact-check-has-coinbase-launched-a-decentralized-fact-checking-portal\/","title":{"rendered":"# Fact check: Has Coinbase launched a decentralized fact checking portal?"},"content":{"rendered":"

“# Fact check: Has Coinbase launched a decentralized fact checking portal? <\/strong>”<\/p>\n

Coinbase CEO Brian Armstrong has announced the launch of what he\u2019s calling a \u201cFact-Check” via the company\u2019s blog. <\/p>\n

In a May 27 post titled \u201cAnnouncing Coinbase Fact Check: Decentralizing Truth in the Age of Misinformation,\u201d Armstrong expressed the firm\u2019s desire to combat untrue assertions aimed towards Coinbase and the crypto industry as a whole: <\/p>\n

\u201cWe will use this section of the blog to combat misinformation and mischaracterizations about Coinbase or crypto being shared in the world.\u201d<\/p><\/blockquote>\n

The post <\/a>was subtitled: \u201cEvery tech company should go direct to their audience, and become a media company,\u201d which he suggested elsewhere in the piece isn’t very difficult: “Whether traditional, social<\/a> or corporate media, we’re all just typing words on the internet.”<\/p>\n

While the title of Armstrong\u2019s blog post article suggests that at some point in the future the fact-checking will involve some form of decentralization, at present the \u201cfact-checking\u201d simply consists of articles responding to what Coinbase deems as \u201cmisinformation\u201d<\/p>\n

So in other words, Coinbase intends to put out posts expressing Coinbase\u2019s opinion on matters related to Coinbase and cryptocurrency on the Coinbase blog.<\/p>\n

<\/figure>\n

Some might argue they already do this. Indeed the Fact Check section currently contains four pretty standard blog posts: Coinbase’s response to a negative New York Times article about Coinbase, the company’s response to “misinformation” about Coinbase executives’ share sales, as well as an opinion piece on Bitcoin’s environmental effects and another on crypto’s use in illegal activity.<\/p>\n

Armstrong claims the blog will come to be seen as a \u201csource of truth\u201d.<\/p>\n

\u201cTo become a source of truth, companies will increasingly need to be comfortable sharing facts which paint them in a negative light as well. There is nothing like sharing mistakes, to build trust.\u201d<\/p><\/blockquote>\n

Armstrong is famously averse to dealing with the media, and in 2020 claimed that company leaders are increasingly opting to connect directly with customers as opposed to engaging with mainstream journalists: <\/p>\n

\u201cPublishing to our own blog\/Twitter\/YouTube lets us say what is on our mind and talk to our customers \u2014 not get one quote in an otherwise balanced (or sometimes outright mean\/snarky) article.\u201d<\/p><\/blockquote>\n

Later in the post Armstrong suggested that the company will become more proactive with content creation and may embrace blockchain-based fact-checking in the future:<\/p>\n

\u201cIn the future, it will also likely move to more crypto native platforms, like Bitclout, or crypto oracles. Long term, the real source of truth will be what can be found on-chain, with a cryptographic signature attached.\u201d<\/p><\/blockquote>\n

Some firms and news<\/a> outlets have already begun experimenting with fact-checking and verification using blockchain.<\/p>\n

In April 2020, Italian news publication Ansa unveiled a blockchain-based news tracking system to enable readers to verify the origin of any news app<\/a>earing on any of the company’s various media platforms. <\/p>\n

In October 2020, Verizon launched a blockchain-based, open-source newsroom product that binds and secures the firm\u2019s news publications using \u201ccryptographic principles,\u201d however, the firm noted at the time that \u201conly text changes are currently tracked on the blockchain.\u201d<\/p>\n