Exploring How the Web3 World Verifies Fake News A Review of Two Digital Trust Tools

What is Digital Trust?
In the physical world, trust is accumulated through long-term contact and interaction between individuals. But in the digital age, how can trust be built?
When faced with someone you have never met in the physical world, is there a need for some steps or methods to establish “digital trust” before handing over personal information and assets?
How can digital trust be implemented by the government and the private sector?
Taiwan’s electronics industry is well-developed, so the pace of digitization is fast. The industry is even faster than academia and the government, and the industry that has most quickly integrated digitization into its business model and rapidly increased its value is still the fraud industry.
Of course, fraud has existed since the dawn of human civilization, using designed psychological responses, packaging techniques, and increasingly convenient information transmission tools of each era to achieve the goal of emotional or property fraud.
After being defrauded, most people can only seek help from public authorities, which is a heavy burden for government agencies. From the perspective of addressing the root causes rather than the symptoms, the focus is on how to reduce the fraud rate, which will rely on the promotion of government concepts and the cooperation of businesses in providing tools for trust verification, and simultaneously educating and encouraging the public to understand and use them.
The government has many channels through which it can promote the concept of digital trust, but the development of supporting tools requires the assistance of relevant businesses. By utilizing the research and development capabilities of businesses, providing the public with independent verification channels in the digital age would be an excellent public-private partnership.
What are the topics in the field of digital trust that need to be developed or encouraged?
After entering the internet age, using internet tools to spread false information and achieve fraudulent purposes is very efficient. Before the internet became popular, it was through pamphlets and telephone fraud. I believe that everyone has had the experience of receiving fraud messages through letters, text messages, or internet tools to a greater or lesser extent, and everyone has different ways of responding.
Some people will ask their friends, some will use internet tools to verify, and some will report it directly. However, some people choose to believe and step by step fall into the trap of fraudsters.
The characteristic of the digital age is that fraud becomes easy, but verification becomes easy as well. The most dangerous thing is to blindly believe without verification.
But as mentioned earlier, the trust established in the digital world is more fragile, and if you verify with a friend who is also familiar with the digital world and has never met in the real world, it is very likely to fall into the same trap.
Therefore, third-party verification tools are a more reliable method, which also provides a direction for the industry to develop in the field of digital trust.
What are some practical tools in the field of digital trust?
Nowadays, before answering a phone call, we are used to using software like Whoscall and Truecaller to identify the caller, and for internet fake messages, we use tools like Meiyuyi and MyGoPen. But what tools can be used to verify the authenticity of data in the emerging Web3 world?
Here are two practical and convenient platforms for reference:
JV (Jcard Verify) Digital Trust Center
The “Blockchain Anti-Fraud Solution – Jcard Verify” platform, developed by combining AI and zero-knowledge proof, allows users to view and rate any digital assets they come into contact with or invest in on the platform. This helps other potential investors to distinguish the authenticity and security of various investment projects.


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Image source: STARBIT
JV (Jcard Verify) is very simple and intuitive to use. It can be imagined as the “Google browser of the blockchain”. Simply enter any digital or encrypted assets (such as Bitcoin), wallet addresses, or other keywords in the search bar of JV, and after submitting, users can see the ratings and scores given by other users for this investment product or project. With the advantage of real-time and automatic synchronization of the database, it can clearly determine whether it is a high-risk blockchain project or product.


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Image source: STARBIT


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Image source: STARBIT
Chainsight
Chainsight is an AI-driven information security company that has developed a solution to detect and prevent security vulnerabilities and fraud in cryptocurrencies, NFTs, and smart contracts in real-time. It provides protection against blockchain security vulnerabilities and fraud for all technology and cybersecurity companies related to the internet, including common scams such as malicious addresses, smart contracts, dApps, fake cryptocurrencies and NFTs, phishing websites, and social media.
Chainsight allows users to detect whether a transaction URL, contract, or object has any criminal suspicion in real-time through API integration.


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Chainsight
Digital Trust: The Bridge of Security and Authenticity
With the advancement of technology and the proliferation of the internet, building and maintaining trust has become especially important. Digital trust is not only a guarantee of personal information security but also the foundation of the entire digital economy.
With the joint efforts of the government and the private sector, we can effectively prevent fraud incidents through effective policy advocacy and advanced technological tools. Reducing fraud incidents is one of the key indicators to increase happiness in life. Let us together enhance the security of our digital lives.
Opinion articles present diverse opinions and do not represent the position of “WEB3+”.
Proofreading and editing: Shao Yuanting