The team of the first professional rating agency for the evaluation of digital assets DigRate has assigned a Quality Rate Medium with average score of 5.1/7.0 to TheWorldNews project.
TheWorldNews project positions itself as the first anti-fake news platform, where a bot gathers news from around the world. The bot stores the collected content in a distributed database, that ensures transparency of information about any changes in the news content, as well as compact storage and quick access to the data for later analysis. Further, with the help of a self-learning neural network, the content in the database is analyzed, poor-quality content is detected, and the corresponding rating is automatically assigned to the publication.
The business model of the TheWorldNews assumes the monetization of the news platform by selling advertising displays on theworldnews.net. An in-depth analysis of user metrics will be available for advertisers, with broad targeting capabilities for the target audience of interest.
Whitepaper also identifies the following revenue sources for the platform:
– including the media in the list of feeds; – information marketplace services for the media (photo bank, video content, and access to unique news from around the world); – placement of commercial articles, both on the project website and on partner resources; – purchase a translation of a news item into the required language in only two clicks.
Accounting inside the TheWorldNews platform will be made by TWN tokens, and all unsold tokens will be destroyed. In addition to fundraising, the team notes the importance of issuing its own TWN token as a guarantee of project independence from governments of different countries and financial-industrial groups.
The team has already-working alpha version of the news platform with the implemented news aggregator: the news feed is processed from 200 countries and more than 2500 media. For the time being, the alpha version of the platform processes more than 60 thousand news in many languages daily. The beta version was launched on March 1, 2018. The media base to monitor the platform was expanded, and the possibility of verifying news (removal, editing) was added.
The main competitive advantage of TheWorldNews platform is the algorithmization of the determining the reliability of news process with the help of neural networks, that will handle a huge news feed and eliminate errors of the human factor. A big difference from traditional news aggregators will be the creation of an ecosystem for the interaction of editors, publishers, photographers, journalists, administrators of news resources, and advertisers.
The urgency of the problem of spreading fake news, as well as multilinguality of the platform, are likely to attract plenty of international Internet traffic. These factors will contribute to the growth of demand for platform services, and, accordingly, to its TWN token.
More information about the strengths and weaknesses of the project can be found in our review.