Fox Corporation has joined forces with the renowned global media brand Time to leverage Fox’s Verify protocol in order to establish immutable content licensing and verification.
The partnership between the two entities is focused on upholding the authenticity of journalism and combating misinformation in the media. Mark Howard, Time’s chief operating officer, highlighted this important objective, stating:
In an exciting development, Fox announced that Time will be the inaugural external publishing partner for the Verify protocol, collaborating to incorporate blockchain verification into journalism. Melody Hildebrandt, chief technology officer at Fox Corporation, expressed her enthusiasm for the collaboration, saying:
Verify, which was launched on Polygon’s proof-of-stake (PoS) network in January, utilizes cryptography to securely sign and validate the history and origin of digital content. This verification protocol serves as a technical link between artificial intelligence (AI) platforms and media companies, verifying more than 300,000 pieces of content across Fox’s platforms.
Marc Boiron, CEO of Polygon Labs, shared insights with Cointelegraph, emphasizing the significance of the Verify protocol’s integration on Polygon’s network. Boiron stated:
Impressed by the positive feedback received, Fox disclosed its plans to transition Verify from the Polygon PoS network to an independent zero-knowledge (ZK) blockchain using Polygon’s Chain Development Kit (CDK). Developed in collaboration with Gelato, a decentralized smart contract automation platform, Boiron expressed his excitement about Fox’s adoption of ZK technology, telling Cointelegraph:
This transition will enhance the security and transparency of content verification, enabling developers to create verifiable projects with authenticity.
In other news, the Crypto-Sec magazine reported on various developments in the crypto space, including an $11M Bittensor phishing incident, fake news surrounding UwU Lend and Curve, as well as a $22M hack on Lykke.