Although the Decent Network is still in its infancy, having recently completed its first month in the beta stage, companies and developers are already taking note of the possibilities provided by this technology.
Although the Decent Network is still in its infancy, having recently completed its first month in the beta stage, companies and developers are already taking note of the possibilities provided by this technology. An earlier blog post by the team reads:
“We are pleased to announce that the first, 3rd party application built on top of DECENT Network, PUBLIQ, is being developed!”
Pioneering the Decent Network, Publiq is an independent decentralized application built specifically for sharing news and articles. The Publiq dApp plans to change the way media works by leveraging blockchain technology as a reward system for the “generation, selection, assessment and publishing” of independent and authentic content. The white paper reads:
“The PUBLIQ team is building our future media ecosystem based on blockchain technology combined with analytics and artificial intelligence (AI). PUBLIQ is rebuilding trust in media by empowering authors and readers to be part of a safe, impartial and fair ecosystem.”
Publiq is a community-driven project in which anyone can create immutable and uncensorable content that is “cryptographically sealed[…]and timestamped” on the Publiq blockchain. While the cryptographic hash of the content is stored on the Publiq blockchain, the content itself is encrypted and stored off-chain, using the DECENT blockchain content distribution network
Although Publiq gives everyone a platform in which they can speak their mind or share the latest news, the content is still subject to an anti-spam fee which is followed by a review and curation process. This process is conducted by the readers themselves through a reputation system that encourages users to post relevant and interesting articles/news stories.
This same reputation is measured through the Publiq score, a weighted average of the different feedbacks given to every single author. While the Publiq score is used within the context of the dApp, it can also be used for other instances (job interview or resume) given that it represents a lifetime reputation that is traceable and transparent on the blockchain.
The reputation within the platform is also the base for the reward system employed. After making a popular post, the Publiq reward system will credit the author with the PBQ token, the native value token within the dApp. The reward is given according to the received Publiq score. Not only is the this score relevant for rewards It is also the basis for the AI-powered recommendation engine which makes suggestions based on what readers chose to read and what they like about articles.
Although Publiq can function without paid advertisement or content, advertisers can still purchase placement by buying PBQ which is then distributed among the ecosystem participants. What we’re left is a completely fair, independent and uncensored news source for the decentralized future. The website reads:
“PUBLIQ is reshaping the media industry by enabling censorship free generation, selection, assessment and publishing of content. It offers a unique experience where the wealth generated is fairly and exclusively distributed to the network participants.”