In recent years, the word Blockchain has become a common vocabulary across the globe. Initially, it was just a technology behind cryptocurrency.
Now, this pioneering technology is conquering thousands of other sectors. Highly secured and reliable nature of blockchain is making it solid for many industries to adopt it.
Now let us see a few of the existing challenges faced by social media.
The recent struggle in the social media industry:
Generally, social media platforms have a big drive for spreading fake and false information. This eventually makes the social media platform an insecure place where everyone can create an account and share posts of others.
Another issue is that hackers and spammers often send links that can harm your system, and once it is infected, they can use your contacts to spread the malware.
How does blockchain help social media platforms?
Blockchain technology has the power to eradicate and stop fake or false news. This is mainly because it follows a verification process.
It will automatically check identities, authenticate the information that is shared, and scan the data which is collected from social media platforms.
Blockchain-based social media platform:
There are various blockchain based social media platforms associated with unique features. Some of them are:
Steemit
It is one of the blockchain-based social media networks that run on Steem blockchain. The main purpose of steemit is that it awards the content publishers with crypto for the picture, videos, and other posts they publish.
Additionally, it offers steemit currency to those active on its platform and engages in the activities.
Social X
This is another blockchain-based social networking site where users can retain the rights to their own content.
Through this platform, users can sell their photos to other users or can keep them to themselves. All this is managed with the help of the built-in license management system.
Conclusion
Now social media is becoming a huge part of our day-to-day life. From the above information, we have started to see some popular platforms that run on decentralized networks. So it’ll be fascinating to see the different kinds of applications that use blockchain technology.
