Eidosmedia joins Web3 initiative to explore potential of decentralized network technologies in the news-media sector

Milan, Italy. September 30, 2022

“Most people would agree that the experience of the news-media sector during the last generation of the World Wide Web has been mixed, with developments often catching publishers unprepared,” said Massimo Barsotti, Eidosmedia CMO. “The aim of the Web3 initiative is to ensure that publishers are ready for the next step and prepared to take advantage of the potential gains in trust, transparency and autonomy offered by new-generation decentralized technologies.”

Eidosmedia, developer of digital publishing solutions for leading news-media groups worldwide, will join a team of local and international news publishers and technologists to investigate practical applications of decentralized technologies for news-media companies. The company will bring its expertise in the development of CMS (content management systems) applied to the integration with blockchains and the development of open protocols.

The Cogency project is a partnership led by David Tomchak, Visiting Fellow for Policy at the Oxford Internet Institute, in collaboration with the World Association of News Publishers (WAN-IFRA), and involves major publishers and tech companies, including Web3 Foundation, developers of the Polkadot blockchain and other parts of the technology stack for the decentralized Web.

The main goal of this research is to provide a learning and knowledge-sharing space between the media industry and Web3 advocates. The results of this plan will be included in a technical construction roadmap and will be available for public consultation.

Cristiano Meda, CTO at Eidosmedia, said: “At Eidosmedia, incremental innovation in apps and services is often coupled with long-term innovation and exploration of new technologies: in such a spirit, and following our long experience in supporting emerging channels for the distribution of content, we believe that Web3 can radically transform the ways in which digital news will be delivered, distributed and monetized in the future.”

The pilot will run between October and December 2022, with the goal of delivering a technical build roadmap that will be made available for consultation with the general audience.

About Eidosmedia

Eidosmedia is a global leader in content management and digital publishing. Eidosmedia solutions are used by news-media organizations throughout the world to create and deliver portfolios of news products ranging from advanced digital formats to traditional newspapers and magazines.

About Web3 Foundation

Web3 Foundation was founded to encourage technologies and applications in the disciplines of decentralized web software protocols. The Foundation envisions a decentralized internet in which users (not companies) own their data and secure worldwide transactions.

Additionally, the Foundation supports research and development teams building the decentralized web's technology stack.