Forbes Blockchain Partnership With Civil in 'Major Milestone' for Platform

Civil, the company hoping to take journalism on the blockchain, announced a partnership with industry giant Forbes on Oct. 9 via a post on Civil's Medium account.

The partnership makes Forbes the first major mainstream adopter of Civil's new platform, according to the post, and Forbes has committed to producing regular journalistic content on Civil's blockchain.

Forbes will reportedly begin publishing content on Civil's platform by the first fiscal quarter of 2019, and will be listed in Civil's online registry.

Coolidge's post also notes that Forbes is "Considering publishing all of its content to Civil's decentralized network within the next 12 months."

According to the official announcement published by Civil, the data that Forbes will be publishing on their network is metadata, specifically, the metadata for its articles.

That data includes the author's identity, and Civil hopes to use immutable metadata as a means to establish and maintain journalistic credibility.

Once published, no one can change the article metadata, meaning Forbes is putting it out into the world with their vote of confidence for everyone to see.

"Publishing the metadata will indelibly establish the author's identity and credibility, as well as the expert nature of participating sources. A Civil 'badge' will appear next to articles on Forbes.com signaling that the content has been inscribed into the blockchain and is published in accordance with Civil's journalistic values, as detailed in the Civil Constitution."

It also allows reporters who write for Forbes to interact with Civil members, which could build trust in their audience by humanizing those journalists.

Civil's protocol uses the CVL token, an ERC-20 token built on the Ethereum blockchain.