Can a cryptocurrency be used to fight hate speech, fake news and divisive politics?

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Can a cryptocurrency push again in opposition to the tide of hate speech, ‘faux information’ and divisive politics? A brand new initiative, Ananas, goes to attempt.

Successfully, they wish to struggle radicalization by “mapping ideologies”, offering a compass to navigate perception techniques and utilizing cryptocurrency to reward contributors.

The UK-based new charitable basis plans to create a platform which works by creating an infrastructure that permits members of an ideology to piece collectively the weather that greatest signify them on high of a hyper-relational graph database (created by companions GRAKN.AI). These will probably be fed into easy-to-use client purposes, augmented by AI, and related to a target market.

Utilizing a cryptocurrency financial system primarily based on its token, the Anacoin, they’ll confirm content material on something they selected to map and align the pursuits of disparate, typically competing teams, to construct the platform and rewarding folks for doing so.

Virtually talking, the primary implementation of this will probably be targeted on combating Islamic extremism and Islamophobia, with different religions, cultures and even politics mappable on the identical platform because the respective communities be part of.

What this implies is that customers will probably be paid to annotate an internet model of the Quran (dubbed “The Dwelling Quran”) with digital content material and real-life assets, and be paid to take action. The founders say: “Present Islamic options fall flat as you usually simply have translations with out context, which leaves them nonetheless susceptible to extremists warping phrases and exploiting ignorance. In our first Dwelling Quran consumer-facing utility it is possible for you to to see as a lot context as you need on any half or theme of the Quran from any perspective, or simply discuss to a Muslim put ahead by a respective group.”

How will this assist deal with extremism? Co-founder and CEO Zeena Qureshi says: “Info with out context isn’t information. Extremists have so many individuals advertising for them on-line. They aim susceptible, remoted people. If these individuals are searching for solutions, they should come to a spot the place this data is printed. Issues like Charlottesville are taking place as a result of folks don’t have the knowledge or understanding. Info feeds empathy.”

Thus Ananas will concern Anacoin, constructed to make the non-profit basis self-sustaining whereas retaining the top client product free, as communities contribute to the platform by work or funding by a novel sponsorship system.

Of their system, the worth of Anacoins rises with the worth of the platform; circulating provide falls, and demand grows, with every extra ideology added and group becoming a member of. Suppose Wikipedia, but when all of the contributors and editors bought paid and navigable from the verified standpoint of any established group.

Given over a billion Muslims learn the Quran often and many individuals try to know whether or not to be afraid of Muslims, the founders hope this might result in a greater understanding of the faith and tradition. It may additionally cease extremists like Islamic State controlling the dialog concerning the interpretation of the Quran by exhibiting what myriad real-life communities actually assume and consider in a structured, clear manner.

There’s a secure group space being constructed the place folks of any faith – or none – can ask and talk about these assets with one another, or verified members of different faiths and beliefs, and be rewarded in Anacoin for doing so. Discuss incentive!

On the coronary heart of the crew behind the inspiration is social tech entrepreneur and CEO Qureshi, one of many few feminine leaders within the blockchain house. She’s joined by hedge-fund supervisor Emad Mostaque who. Additionally becoming a member of the board is outstanding anti-extremist advocate Bjørn Ihler who devoted himself to the trigger after surviving the 2011 terrorist assault in Norway, and has labored with former UN head Kofi Annan and establishments such because the British Council and European Union.

Ananas is trying to elevate $1,500,000 – a low goal relative to different token gross sales – in its upcoming fundraiser and token distribution, managed by UK-based moral cryptocurrency specialists Chainstarter.

The preliminary funding was supplied by a choose group of hedge fund managers and US entrepreneur and philanthropist Tony Robbins, who have been involved concerning the rise of ideological hate.

This funding will probably be used to finish platform and the primary client product, The Dwelling Quran, over the subsequent 24 months.

The core crew of seven is predicated in London, however there are an extra 26 folks engaged on the challenge world wide. The crew encapsulates eight PhDs in areas from semantic AI to up to date Islamic points.

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