Lucknow (Uttar Pradesh) [India]August 6 (ANI/NewsVoir): India’s first DPoS blockchain based news and media platform ‘Wortheum’ was formally inaugurated on Friday at Hilton Garden Inn Lucknow, Gomti Nagar, Lucknow.
The Wortheum platform was also listed today on the Singapore Based Exchange ‘Coinstore’. Moderated by Jaswinder Sehgal, Senior International Journalist, the program started with lamp lighting, followed by a virtual video message from Sindhu Bhaskar, Visionary Chairman of EST Global, on the utility of blockchain technology and its application in journalism.
Then Ashutosh Singh, Founder and CEO, Wortheum welcomed everyone in the welcome address, talking about the Wortheum platform and how this is going to address the challenges of grassroots journalists.
He said that Wortheum is India’s first Blockchain based news platform. How this platform will empower journalists. Explaining the potential for expansion of this platform, he said that our aim is to reach each and every village in India through this platform and empower them.
On this occasion, the topics related to ‘Wortheum’ and Blockchain Technology and Web 3.0 were discussed in detail. The guests present in the program highlighted the features and possibilities of this wortheum news platform.
Speaking on the occasion in a panel discussion, former managing editor CNBC Awaaz Alok Joshi said that print journalism has been very challenging for journalists. Grassroots journalists struggle a lot for his needs. Now it will be possible for journalists to get these digital rewards through Wortheum and Journalists will get full value through Wortheum.
Journalism faces many challenges, but as Web 3.0 evolves, content can be monetized by the owner of the news.
Varun Sethi, Blockchain Advocate, Supreme Court said that “Web 3.0 is a decentralized system based on artificial intelligence and Blockchain and will help overcome many challenges when Blockchain technology reaches the masses.
To give an example, Varun Sethi said that earlier when a lyricist used to write a song he used to get a certain amount then after the use of intermediate channels like YouTube and other platforms he started getting some profit by monetizing them , but then also , he used to get a maximum of ten percent of the total value of it, but after the arrival of this blockchain technology, the role of intermediaries will end and every journalist will be able to get the full value of his content.”
He further explained that in traditional journalism editors decide which news should be known or not, but in Web 3.0 every user is now an editor. Varun Sethi shed light on laws related to Digital Assets during the program. He cleared all misconceptions related to Digital Assets Act and shed light on the status of Digital Assets Act in India.
Lalit Bansal, CEO and Blockchain Expert, EIY SYS Pvt. Limited, while we discuss that journalism will gain more freedom after the use of Web 3.0. Lalit Bansal explained the impact and benefits of Web 3.0 in the media. He also talked about the future of Web 3.0 in the media.
Talking about Web 1.0, Web 2.0 and Web 3.0, he said that in the Web 1.0 era, content could only be read on the website, and after that came Web 2.0 when the content could be read, written, and reacted to, and in Web 3.0- content can also earn money.
Ramesh Shrikonda, Head of Marketing for Coinstore Exchange, a Singapore-based cryptocurrency exchange, said that this blockchain technology is revolutionary and in the future, Wortheum’s decentralized news and media platforms will add a new dimension to independent journalism. Following the listing of Wortheum on CoinStore Exchange today, the transaction of this digital asset will be possible.
Speaking of the limitless potential, Dev Raghuvanshi, COO Wortheum said that as journalism is eternal and ever-growing, we will continue to grow.
CTO, Wortheum Vishal Verma emphasizing the reliability of blockchain technology said that this is hack proof technology and the scalability of wortheum is unlimited.
Ashutosh Singh, founder and CEO of Wortheum said that news can be edited on this platform, but it cannot be deleted. It works on the principle of “my news my responsibility” and this platform is completely transparent and the person who writes the news on this platform also gets 50% reward and whoever likes it also gets 50% reward.
Wortheum is Blockchain-based first Web 3.0 News platform and wortheum will open the door to unlimited earning opportunities for journalists through digital rewards, he further added.
He announced the formal inauguration of Wortheum and informed that today the platform is listed on the Singapore-based exchange Coinstore and users can now trade Wortheum’s digital assets.
This story was provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)