Honeycomb Helps Journalists and Publishers Harness Mobile Crypto Mining

Blockchain startup Honeycomb, was pitched as one of many “smartest, most clever” startups in a know-how function in 2018’s Online News Association Conference (ONA18).

NiemanLab, a part of journalism requirements group Nieman Foundation, questioned if a startup like Honeycomb might persuade customers to mine cryptocurrency with their mobiles and donate it to information organizations.

Mine Monero on Your Mobile – then Donate it

Honeycomb’s software program would enable customers to mine the cryptocurrency Monero on their mobiles whereas their telephones are dormant and on cost at night time. Then, these customers would donate the proceeds, by way of Honeycomb, to information publishers. Users would want to run their chosen information software and Honeycomb on their mobiles.

There are some key advantages, equivalent to supporting unbiased press and good journalism. There can be the potential to encourage extra information purposes that now not have to run adverts or gather consumer information to monetize their information feeds. The software program is a means of paying for information, so publishers which presently cost subscriptions may even think about a “free” service and use Honeycomb as a substitute.

Co-founder Orlando Watson defined to NiemanLab that income from cryptocurrency mining is income that by no means existed earlier than and will now “support an investigative journalist for a year or coverage of a really important environmental story,” including that:

Any new income is value it for a information group.

Honeycomb is now searching for publishers to hitch the platform and start testing its functionality and Watson says they have already got curiosity from publishers, nonprofit newsrooms, and worldwide organizations.


A Niche Product?

But, solely 9 p.c of Americans surveyed by Digital News Report have ever obtained a information alert on their mobiles, not to mention used a information software. Not to say the issue of Apple banning all crypto-mining purposes for iPhones, surrendering the service to Android customers. Google Play additionally banned crypto-mining apps from the Google Play Store.

After that lies is the issue of convincing customers to donate to information publishers somewhat than different good causes. What occurs if customers have the choice to crypto-mine on their mobiles for themselves?

Though a really credible means to supply much-needed assist for journalism, information, and free press on the whole and for readers to pay for information companies, Honeycomb could also be focusing on a small area of interest of these keen to take action.

Co-founder Watson shared his aspirations with NiemanLab:

I might like to see us as a broader journalism group, individuals who care about sustainable and high quality journalism, harness the ability of recent applied sciences somewhat than be the victims of it.

The basic public is studying extra about how the net is monetized, and the way a lot information is secretly collected and utilized by advertisers. As they do, they’re extra probably to have the ability to make knowledgeable precise decisions of who to reward with information, patronage, and even crypto-mining donations.

As the decentralized internet and blockchain know-how grows in status and consumer expectation, progressive blockchain startups like Honeycomb might effectively have a spot. It will definitely face competitors to persuade new, knowledgeable, know-how customers who will understand how monetization of knowledge and the web works and be wanting to make use of this to their benefit.

Do you utilize a information software in your cellular. Would you reward publishers and journalists utilizing Honeycomb?

Images courtesy of Shutterstock.

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