Blockchain Will Be Used To Detect Fake News Easily

Datametrex AI Limited has developed a fake news detector that can identify news from suspicious sources. This is a new feature that was added to the company’s machine known as, Nexaintelligence engine. This fake detector machine will be developed alongside several others before they are launched in early 2019.

Automatic Detection of Fake News On Social Media

Nexaintelligence can automatically differentiate news from original sources and those that may be fake. As a result, the general public can easily determine the ones that are true from the untrue ones. This can help in a society where people easily gain access to the internet and as such, can spread a rumor without thinking about the consequences.
This software is said to be the first in the world that has gotten this detection feature. It employs the Blockchain technology to secure data transfers. It is also a social intelligence tool that focuses on Artificial intelligence, Big data, and Machine Learning. A combination of these made it possible to develop this software.

Fake News Detector, a Solution to Misinformation

Claude G. Théoret, President of Nexalogy, addressed the fact that its new fake news filtering machine was a solution to the disinformation spread on social media. There was a high demand for machines of this nature by the government and general public. Claude attributed this to the level of fake news in recent times.
Therefore, this technology used in combination with the NexaIntelligence software has enabled them to combat news from dubious sources. Jeff Stevens, COO and President of the Company also had this to say;

We are thrilled to be first movers in this space. Fake News is a serious problem for both the public and private sectors and we look forward to offering our solutions to help combat misinformation.

Asides securing data using Blockchain, Datametrex AI Limited also promotes Cryptocurrency mining through its subsidiary company, Ronin Blockchain Corp. Its plan is to develop more detectors of this nature in 2019. They claim that this will be around the time the Canadian federal election will be ongoing.

Blockchain’s Application in Our Daily Lives

The Blockchain technology is gradually gaining entrance in our everyday lives. This is the case in airports, restaurants, e-voting, as well as online bill payments. In the case of the latter, IvyPay has developed a payment system that will enable Australians to pay their bills using cryptocurrency. They can also convert these digital currencies to dollars before transferring it into their local banks.
The same can be said about the freelance market, This platform provides a catalog of service providers and arranges them based on their skill and qualification. It uses a search engine driven by Blockchain to enable customers to locate these freelancers. This technology is also used to identify a user’s account uniquely. In consequence, there is no need for intermediaries to verify the profile of these service providers.

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