Civil Media Company Announces collaboration with The Associated Press
The Civil Media Company recently announced their collaboration with the Associated Press (AP) where the Civil's newsrooms will license the AP's news contents in their blockchain based journalism platform. This news of collaboration has created a hype around Civil's ICO among the investors.
Even though there is a huge age gap between the two companies, their ideas seems to be aligned perfectly for the future of journalism. It is to be noted that AP was founded in 1846.
Associated Press's senior vice president for Strategy and Enterprise development, Jim Kennedy mentioned that this partnership with Civil Media Company was done because "AP has been pushing into new digital territory for more than two decades, and Civil is opening up another new space with interesting technology to explore and a commitment to good journalism."
"AP has been pushing into new digital territory for more than two decades, and Civil is opening up another new space with interesting technology to explore and a commitment to good journalism."
Civil's blockchain based newsrooms are designed in such a way that even the readers can directly sponsor news contents and this opens up a new marketplace for the journalists to set up their own publications. This platform will be powered by Civil's CVL token.
The overall platform will be governed and monitored by an independent Civil Council and the rules of governance will come from a Constitution of journalistic ethics and standards. This blockchain based platform of Civil is paving a road for a new journalism model which provides proof of authorship as well an incentive for quality content. The journalists will get good exposure and recognition in this type of new journalism model.
"The journalists will get good exposure and recognition in this type of new journalism model."
In recent months, many news startups like DNN & Media Protocol are trying to implement Distributed Ledger Technology (DLT) in their existing broken media models to make them more efficient and transparent. However, Civil Media Company seems to be the first company to have achieved this by signing up with the known newsgroup AP.