Yesterday block.one, the company behind the development of the EOS blockchain, released some details about the social network Voice, concerning its compliance and privacy protection.
— Voice (@voicesocial_) January 29, 2020
From the statement, we learn that the development of the whole social network has involved several companies and partners in order to provide the necessary support to manage such a platform, both at the level of hardware and of services linked to the project itself.
This obviously also involves a series of legal agreements for the management of users’ personal data, in accordance with the rules of the laws of America, Europe, Africa and Asia.
In order to avoid problems related to Voice’s token, everything will be SEC compliant, and therefore will comply with American laws related to securities. Compliance policies have been developed also with the OFAC (Office of Foreign Assets Control) with respect to AML (Anti Money Laundering). Furthermore, the press release explains that, after testing the beta version, which will start on February 14th, it will be necessary to have licenses from the various US states.
As can be imagined, to make the best use of the social network it will be necessary to complete a KYC (Know Your Customer) procedure, since this is the only way to be certain of not having fake accounts.
“Our task is to follow the law, but still stay true to our guiding principle – Voice must be a place for an open and authentic exchange of ideas. With verified identity for Voice users, we hope to require less content moderation than other platforms. Instead, we hope to focus our efforts to ensure the rigor of our identity checks whilst not overly burdening our users”.
This EOS social network will surely represent one of the few platforms that will guarantee both the presence of accounts that actually correspond to real people and the authenticity of the posts that will be published, as well as the comments.
In any case, it is worth mentioning that this is a decentralized service and that other social networks, in order to guarantee the authenticity of an account, such as the so-called blue tick verification, require the submission of numerous documents.
All that remains now is to wait a few weeks until the test phase starts and see how the public will respond to this type of structure, where verification is required in order to register.