The blockchain mining software from Honeycomb has been selected as the “smartest” and most “clever” by the Online News Association Conference (ONA18). Apart from Honeycomb, many similar blockchain and technology startup companies have come up in this field and are offering very interesting services and products.
NiemanLab inquired the conference whether Honeycomb will be able to convince the users and mine virtual currencies using mobile phones as well as donate it to new companies. It is possible to mine Monero (XMR) with mobile phones using the software from Honeycomb while the users are sleeping. Afterward, the users can donate these proceeds to new publishers across the globe. Honeycomb even highlighted some valuable benefits of its mining software.
According to Honeycomb, the companies will not have to depend on ads or collect user data for monetizing news feeds. That makes the software quite useful for the users with which they can pay for the news they are consuming. It also means that publishers offering subscription services can use Honeycomb and offer it as a free service.
Orlando Watson stated that prior to the onset of blockchain mining software; there was no way to gain revenue from crypto mining. According to Watson, this overall development in the software can make way for the birth of a new supportive investigative journalism. Watson opined, “Any new revenue is worth it for a news organization,” said Bitcoin Exchange Guide.
The platform of Honeycomb is not seeking new publishers who are ready to test the capabilities of its mining software. Watson revealed that already some nonprofit newsrooms and publishers have expressed interest in the service. But it may take some time for such software to attract companies because at present only 9 percent of Americans are receiving news alerts on their mobile devices, according to Bitcoinist.
The advantages of the blockchain mining software from Honeycomb are multiple. Indeed, this software is a credible way of providing much-needed support for news, journalism, and free press. However, at present, it is targeting only a small niche of organizations that are showing interest in such developments, according to Inside Bitcoins.
The post Honeycomb’s Blockchain Mining Software Selected As ‘Smartest’ & Most ‘Clever’ By ONA18 appeared first on OWLT Market.
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