TOK uses DAO, a blockchain-based technology, to solve one of the major problems faced by social media companies, which spends millions of dollars on content review every year.
Take Facebook as an example, it has a 8000-people content review team to deal with inappropriate contents that are uploaded and distributed in its platform. Unlike traditional social media, TOK builds a community where members are governed by DAO and fully engaged to participate in the image review, thus removing the need for a centralized review team. This innovative approach aligns the users’ interests, reduces the waste of community resources and keeps the cost minimal.
Nowadays, the concepts of Web3 and DAO are gaining popularity. Large corporations worldwide play with these abstract concepts, while in reality, few have the vision to put these concepts into ideas, and even fewer to materialize them to solve practical problems.
TOK is such a product that applies DAO to solve problems faced by social media, the first of its kind to explore the cooperation in the TOK community via this blockchain technology. Its exquisite design is an example of how a simple yet effective solution can work to reduce cost and maximize welfare in the community.
1. The Problem with Social Media Platforms
One of the trickiest aspects of all social media is handling inappropriate content. TOK proposed a simple yet effective solution to get around this by applying blockchain technology. Presumably, Tok’s approach is more...
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