BACK-END: BlockChain Has Been Promoted as a "Panacea" for Journalists for Years. Here's the Bottom Line!

An overview of Blockchain, it's uses for revenue generation, topic validation & content distribution & why no blockchain based journalism start-ups seem to have been successful so far.

Bust of Satoshi Nakamoto, creator of bitcoin, erected in the Graphisoft Park in Budapest. The statue, made of bronze and aluminum alloy by Tamás Gilly and Réka Gergely, was inaugurated on September 16, 2021 at the initiative of the Hungarian Crypto Academy. Photo c/o Wikipedia.

In 2008, a person (or maybe several) operating under the pseudonym Satoshi Nakamoto published the first bitcoin “white paper.” The paper included an outline for the first blockchain peer-to-peer database and paved the way for groundbreaking applications of blockchain in different sectors.

No one seems to know the true identity of Nakamoto. As outlined in the March 7th, 2024 Axios post, “The Satoshi mystery: Bitcoin's anonymous creator and a $70 billion fortune,” if the real Satoshi is alive and in control of his bitcoin keys, he would now have access to a $70Bln dollar bitcoin fortune grown from the tiny pool of bitcoins set aside for personal use fifteen years ago.

Not everyone really even wants to know the ide…