Fox Corp. developed the Verify technical protocol, which aims to enable media companies to register content and grant usage rights to AI platforms, while also enabling users to confirm the authenticity of the content. In the hopes that more people will sign up for the blockchain-based content verification system, the company is making Verify available to the public as an open-source project.
Fox made available to the public a beta version of the Verify Tool, the company’s first Verify application. This web-based solution allows users to verify images and article links they come across online that claim to be from Fox sources.
Stay in the know on crypto by frequently visiting Crypto News Today
Some may find it ironic that Fox News’ parent company is making an effort to verify the veracity of its content, considering claims the cable network has been spreading lies on a regular basis. In order to resolve a defamation lawsuit brought by Dominion Voting Systems, which claimed Fox News had repeatedly and intentionally broadcast false statements regarding the voting company’s actions and influence over the 2020 U.S. presidential election, Fox News agreed to pay $787.5 million last year. Another voting technology company, Smartmatic, has filed a second defamation lawsuit against Fox, claiming at least $2.7 billion in damages.
CryptoCaster Quick Check:
With the development of potent artificial intelligence technologies, Fox Corp. recognizes the necessity of safeguarding its intellectual property. Melody Hildebrandt, chief technology officer of Fox Corp., stated, “We felt this was a moment to introduce a set of controls for how [Fox’s content] is utilized in this space, given the explosion of ChatGPT and OpenAI.”
On August 23, 2023, Fox launched an internal beta version of Verify in time for the first GOP primary debate on Fox News. Approximately 84,000 pieces of content, comprising both articles and images, have been signed onto the Verify content graph thus far. This content comes from Fox News, Fox Business, Fox Sports, and most recently Fox’s television stations. For its digital news and sports content, Fox is initially concentrating on text and images rather than episodic TV shows (such as “The Masked Singer” or “MasterChef”). This is part of Fox’s Verify project.
Hildebrandt claims that Verify uses cryptography to sign individual pieces of content on the blockchain, establishing the provenance and history of the content. This enables customers to independently confirm that the content comes from the publisher they expect. Through a verified content access point, the Verify system also builds a technological link between media companies and AI companies’ Large Language Models (LLMs). Hildebrandt stated that this could lead to new business prospects for content owners through programmatic access requirements.
Verify was created internally by the Fox Technology team in conjunction with Polygon Labs, utilizing the latter’s cutting-edge search and proof-of-work blockchain technologies. While Fox Corp. will maintain the core codebase, anyone can access and modify the Verify source code on GitHub and publish it back into the platform.
Advertisement
Follow GappyCoin PreSale on Twitter, and ReCap for information and more.
Verify not only authenticates online content but also offers AI platforms a technical means to license content datasets from various publishers so that widely used LLMs can receive real-time news and training data. Fox’s action on this front coincides with a number of legal disputes arising from purportedly unlawful use of copyrighted content to train LLMs, including a lawsuit brought by the New York Times against Microsoft and OpenAI.
According to Hildebrandt, Fox and other media companies can reduce the risk that their intellectual property (IP) will be used and commercialized by unaffiliated third-party platforms without authorization or payment by utilizing the blockchain certification and verification tools to safeguard their content and business models.
She declared, “We are AI optimists.” “We feel that our content should not be commercialized without our participation, but we also want to participate in this economy.”
In order to bring down the cost of content signing to almost nothing, Fox plans to release a second version of Verify in early 2024, moving from the Polygon public blockchain to an application-specific blockchain, according to Hildebrandt. The company stated that updates regarding third-party content providers’ plans to implement Verify—which are currently in the development stage—is anticipated.
W
e hope you enjoyed this article. Before you move on, we invite you to consider supporting CryptoCaster’s journalism.
Billionaire owners like Elon Musk, Larry Fink (BlackRock), and Jamie Dimon (JP Morgan Chase) often have a strong influence on the hidden agendas surrounding the paradigm shift brought about by cryptocurrency and emerging Web3 technologies. CryptoCaster stands apart. We have no billionaire owner or shareholders to please. Our journalism is dedicated to serving the public interest in crypto development and institutional disruptions, not profit motives.
We avoid the pitfall of much U.S. and global media, which often resorts to false equivalence in the name of neutrality and retail consumer protection. While fairness and transparency guide everything we do, we recognize that there is a right and wrong stance in the fight against fiat global banking interests and the monetary reconstruction driven by the emerging crypto ecology.
When we report on issues like the FTX, Binance, and Ripple crises, we’re not afraid to name names and uncover the truth. As a crypto sentinel, we offer a fresh, outsider perspective on global monetary disruption—something often missing from the insular American and European media bubble.
CryptoCaster’s paywall-free journalism is accessible worldwide thanks to our unique reader-supported model. This is made possible by readers like you. Your support keeps us independent, free from outside influence, and accessible to everyone, regardless of their ability to pay for news and information.
We are grateful for the ongoing monetary support from our readers. If you haven’t yet considered supporting CryptoCaster, please consider contributing just once from $1 or more in Bitcoin (satoshi) or Ether, or even better, support us monthly with a bit more. Scroll further down this page to find CryptoCaster’s wallet addresses.
Thank you.
Kristin Steinbeck
Editor, CryptoCaster
Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. CryptoCaster.world does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.
Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
SOL – DLvdMu85dW6pZMhw2E4S3pp81qQQGpy5UcdTsFEFBu4b
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt
CRYPTOCASTER HEATMAP
