- Forbes has announced that it will partner with Civil, a blockchain-based publishing platform
- The partnership will allow Forbes to publish and archive its content
- The platform requires newsrooms to make use of CVL tokens
Blockchain technology has found its way to the journalism world. From bodies set up to ensure uniformity in publishing practices to new platforms for publishing, much progress is being made. It seems Forbes is joining in on this progress as it announced on the 9th of October that it is partnering with the Civil Network, a blockchain publishing platform.
By entering this partnership, Forbes will be publishing its content through the Civil Network. They will thus be joining the Associated Press in committing to publishing on the blockchain.
Details of the partnership
This partnership will not only involve Forbes publishing their content to the blockchain but it also involves Forbes archiving their content. This ensures that the content in question cannot be tampered with and is in a secure space. According to the official announcement:
“One of the oldest and most well-known brands in journalism, Forbes is committed to using Civil to permanently archive its content to a decentralized environment that ensures no third party can remove or alter it.”
Forbes has also announced that it will use the platform to better engage with its readers, gain more avenues for income and will also adhere to the Civil Constitution’s ethical journalism guidelines. Salah Zalatimo, Senior Vice President of Product & Technology at Forbes, had this to say:
“Forbes and Civil believe passionately in the mission of journalism, and together we can provide audiences with a level of unprecedented transparency around our content. We’ll also be able to expand the reach of our writers and identify new revenue channels over time.”
Content from Forbes will begin appearing on the platform’s Civil Registry and Civil Newsrooms in the first quarter of 2019 and Forbes will also possess CVL tokens as part of the deal.
The blockchain project, on its part, is on a mission to change the way journalism is done in the 21st century.
It plans to do this by creating a peer-to-peer platform that allows journalist exchange information. This way, journalists will be able to collaborate as well as share their work more efficiently.
This process is made possible by the use of CVL, Civil’s official token that drives their economy. Media organizations that use the Civil platform are required to purchase and ‘insert’ tokens to publish their work.