At a high level, blockchain introduces two fundamentally new concepts for journalism: self-governance and permanent archiving.
- The Ethereum blockchain enables journalists to permanently archive journalistic content in its distributed ledger -- a nearly immutable database that can only be changed if 51% of a massive, distributed network of worldwide users vote to alter its records, given the coordination logistics and competing incentives to do so... a nearly impossible feat, even for motivated billionaires with nearly limitless pools of capital to do so. This piece sums this concept up well.
- Self-governance refers to Civil’s co-op model -- CVL tokens represent stakes in the network, and will be the sole utility used for voting on Civil’s governance (e.g., a Newsroom’s right to publish on Civil, or amendments to the Civil Constitution). No single party - nor ideology - should be able to wrest controlling interest of the content that appears on this platform. This enables a cryptoeconomically incentivized network of participants committed to the same ethical journalism standards.