What’s Going On?
The European Union has given digital businesses less than a year to use blockchain and other emerging technologies to help stamp out fake news – or else.
Why Does It Matter?
The EU is paying close attention to blockchain. We reported last month that 22 EU nations signed a declaration to back blockchain for business on Digital Day.
The EU’s latest plan is to use an existing research fund – The Horizon 2020 Work Program – to support research activities on “tools and technologies such as artificial intelligence and blockchain that can contribute to a better online space, increasing cybersecurity and trust in online services,” reported TechCrunch.
What’s The EU’s Problem
The EU’s Vice-President for the Digital Single Market, Andrus Ansip, said: “Since online trust is easy to break but difficult to rebuild, industry needs to work together with us on this issue. Online platforms have an important role to play in fighting disinformation campaigns organised by individuals and countries who aim to threaten our democracy.”
Commissioner for the Security Union Sir Julian King added: “The weaponisation of on-line fake news and disinformation poses a serious security threat to our societies. The subversion of trusted channels to peddle pernicious and divisive content requires a clear-eyed response based on increased transparency, traceability and accountability.”
And the clock is ticking – Commissioner Mariya Gabriel, Commissioner for Digital Economy and Society, said the EU will closely monitor progress and may propose further actions in December if they don’t see enough positive developments.