Harvard University has partnered with an altcoin project under its decentralized web plan to protect digital information. The Filecoin Foundation for the Decentralized Web (FFDW) announced on July 27 that it will support an initiative with the Harvard University Library Innovation Lab (LIL) called the “Democratizing Open Knowledge” program. After the news, the altcoin price started to rise as the market fell.
Significant distrust of news outlets
While there’s a lot of information to be consumed, it’s hard to confirm what’s legitimate in 2022. There is also a significant amount of distrust towards mainstream media sources. In the US, for example, America’s levels of trust and confidence in the media fell to record lows in a recent Gallup poll released this month. Only 16% of American adults surveyed said they trust today’s news broadcast ‘fairly’. Only 11% of respondents stated that they trust the news on television. Also, the last few years have been filled with a lot of disinformation and discussion about technical definitions.
For example, the term ‘recession’ became a contentious issue over the definition last week, when the White House published two blog posts showing the government explaining the meaning of the word. Then, in a 24-hour period on July 27, the definition of the word recession in Wikipedia was revised dozens of times. Wikipedia revisions are still ongoing. The wiki page states that “media organizations have published an old version of this article.” Data archived for nearly any month of the year except July shows that the definition of the word recession has changed drastically since then.
What does the Harvard University partnership with the altcoin project Filecoin aim for?
As we reported on cryptokoin.com, the Filecoin Foundation (FFDW) announced that it is working with Harvard University Library Innovation Lab (LIL) to protect digital information through decentralized technologies. Harvard’s LIL and FFDW aim to help libraries ‘share knowledge through technology’. In this context, it will contribute to the ‘Democratization of Open Information’ program.
Technologies include certain tools such as the Filecoin Network and the Interplanetary File System (IPFS). Wednesday’s announcement further clarified that the FFDW will help the LIL communicate the idea of increasing access to information through decentralized technologies. Marta Belcher, chairman and chairman of the FFDW, highlighted the following in a statement:
FFDW is on a mission to protect humanity’s most important information. This collaboration will allow the Library Innovation Lab to explore how decentralized technologies can solve real-world challenges to protect critical data.
IPFS is essentially a peer-to-peer (P2P) system for storing and accessing files, websites, applications and data in a distributed file system. Filecoin is an open-source Blockchain created by Protocol Labs. The altcoin is built on top of the IPFS distributed network. After the news, the altcoin price has increased by over 15% in the last 24 hours.
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