Newsletter #11: TruBlo project update • Carrots, not sticks to quell misinformation and more…

Newsletter #11 with short updates on the topics of #trust, #content and #blockchain.

Illustrative photo of two flowers

TruBlo Project Update

Next steps for Trublo open call #1: If you participated, when will you get results? We published an article on the TruBlo website, to provide an overview of the process. The quick answer to the key question: Participants can expect a notification on April 30, 2021. More details: [TruBlo Website](https://www.trublo.eu/2021/04/09/trublo-open-call-1-next-steps-and-selection-process-overview/)

Updates this week:


TRUST


Trust in tech declining, survey finds

 ”Trust in tech — including companies specializing in AI, VR, 5G and the internet of things — fell all around the world last year, the Edelman Trust Barometer found in a massive survey of 31,000 people in 27 countries.”
[LINK


Procter & Gamble accused of collaboration with Chinese advertising

Apple aims to change how data can be collected for advertising purposes, specifically how profiles of users can be created. Many advertisers and other platforms are opposing the change. One unexpected result: The US company Procter & Gamble teaming up trade groups in China.

According to a report from the Wall Street Journal:

”Procter & Gamble Co. helped develop a technique being tested in China to gather iPhone data for targeted ads, a step intended to give companies a way around Apple Inc.’s new privacy tools, according to people familiar with the matter. […]
The company has joined forces with dozens of Chinese trade groups and tech firms working with the state-backed China Advertising Association to develop the new technique, which would use a technology called device fingerprinting.” LINK


Blockchain for trustable food system – from seafood to grain

The Conversation: “With global-scale food systems such as seafood, nearly 40 per cent of which is traded globally, data transparency and traceability through technologies like blockchain are important for socially and environmentally conscious decision making and to facilitate trust among stakeholders. Blockchain technologies can be used to consolidate information on the quality of the seed, track how crops grow and record the journey once it leaves the farm.” LINK


Content


New motivation: ”To quell misinformation, use carrots – not just sticks”

An article by neuroscientist Tali Sharot published in “Nature” argues for a fundamental change in how users should be rewarded when posting content.

Quote: “Most readers have felt an ego boost when their post received ‘likes’. Such engagement also results in followers, which can help people secure lucrative deals. Thus, if a certain type of content generates high engagement, people will post more content like it. Here is the conundrum: fake news generates more retweets and likes than do reliable posts, spreading 6–20 times faster.”

What could be a solution?

”At the moment, users are rewarded when their post appeals to the masses — even if it’s of poor quality. What would happen if users were rewarded for reliability and accuracy?” LINK


Facebook criticised for being unresponsive to reports of manipulative content, investigation reveals

The Guardian published findings of an investigation of how the social platform handled manipulative content, specifically outside of the US. A former employee says that Facebook was often inactive, even when warned about such manipulative content.

“There is a lot of harm being done on Facebook that is not being responded to because it is not considered enough of a PR risk to Facebook,” said Sophie Zhang, a former data scientist at Facebook who worked within the company’s “integrity” organization to combat inauthentic behaviour. “The cost isn’t borne by Facebook. It’s borne by the broader world as a whole.” LINK


BLOCKCHAIN


Revenge of the Winklevii

Forbes reports at length about how Cameron and Tyler Winklevoss are emerging as investors in several blockchain and crypto projects.

A dozen years after they settled with Zuckerberg for $65 million in Facebook stock and cash, the Winklevii, as they are widely known, have emerged as leaders of a technological movement whose core operating principle involves digitizing the records of all assets globally, decentralizing control and cutting out gatekeepers—including Facebook.

The two are now owners of a holding company called “Gemini Space Station”, which “owns their crypto exchange and Nifty Gateway”. Forbes reports that the twins invested in 25 digital asset startups. LINK


A notable uptick of interest in cryptocurrencies and blockchain initiatives

The rise of Bitcoin value is driving interest in trading of cryptocurrency trading. In parallel, we see new corporate projects for blockchain. While the two areas are not directly related, the financial market seems to validate blockchain technology, to an extend.

Selected examples:

  • Trading app Robinhood says 9.5 million users traded crypto in Q1 2021. This is an increase of 458% related to just 1,7 million traders in Q4/2020. LINK
  • The Wall Street Journal has a special how “GameStop, Blockchain.com and Bitcoin Renewed a Push to Digitize the Stock Market”. A lot of speculation mixed with enthusiasm, along with potential volatility and other risks. LINK
  • This week it’s the second virtual edition of the European Blockchain Convention, due to the pandemic. It is worth your time to scroll through the (long) list of attendees – you’ll find a mix of blockchain start-ups, representatives from larger companies and many EU officials. Just the visual scroll will give you an idea of interest in all things blockchain. LINK
  • And finally: Drivers of the new Fiat 500 electric vehicle will earn coins if they drive sustainably:

”Stellantis and UK-based startup Kiri Technologies will use blockchain rewards to encourage sustainable driving behaviour. Stellantis is the result of a recent merger between Groupe PSA and Fiat Chrysler and owns 16 car brands, including Peugeot, Citroen, Chrysler and Fiat. The rewards initiative will be conducted under Stellantis e-mobility program. Drivers of the New 500 Fiat, a fully electric car, will be awarded KiriCoins, which can be spent in the Kiri marketplace.”


Thank You for reading.

Please forward this newsletter if you think it has value for a colleague or friend.

Do you have feedback or suggestions? [Contact us](mailto:info@trublo.eu)


12. April 2021

Written by Webmaster

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