Verizon unveils 'Full Transparency' proof-of-concept tool built with blockchain tech

Telecom giant Verizon unveiled a proof-of-concept blockchain-based transparency tool for news releases on Friday.

Dubbed "Full Transparency," the proof-of-concept is described as " a blockchain-verified record of changes to its news releases."

"This initiative seeks to transform how the Verizon Corporate Newsroom publishes news releases by providing an authoritative record of changes to public communications," the firm said in a press statement. The firm framed it as part of a "responsible business plan" called Citizen Verizon, which it said is a broader effort to use technology "as a tool to improve communities, education and the workforce."