Are there any alternatives to Facebook and LinkedIn on blockchain? Social media platforms are experiencing a change since mass blockchain adaption. These alternative companies represent decentralization which blockchain can add to the social media phenomenon. Up until now, people have been using social media sites like Facebook and LinkedIn or Instagram very naively. But when news of Facebook yearly income spread across the world, a lot of people started to think – how can they be making so much money only from adds? They must be doing something else to get such unbelievable returns.
Are they tracking my everyday life?
Yes, Facebook and LinkedIn, basically, are tracking your life. Everything you do on their platforms, everything you type and everything you like. Then they sell this information to all the companies you follow for a huge amount of money so that the company which you follow can know exactly what to offer to you and at what time. And a lot of people were asking for a change. Couldn’t there be a social media platform which doesn’t store all your information on a centralized platform? Couldn’t there be a social media platform where users would receive fair pay for the things they publish? The answer to these questions are – there already is! And they are fully working and people receive rewards. So here is an overview of the three most popular blockchain social media platforms:
1. Steemit – blockchain alternative to Facebook
Steemit is the pilot project for blockchain-based social platforms. They have their own blockchain – the Steem blockchain. Steemit is a decentralized social media platform. Much like Facebook, only on blockchain. Bloggers receive rewards for their posts and comments in the form of Steem cryptocurrency. Steemit has more than 60 Dapps like Steemwiki, Steem
“Running a rewards-based decentralized social network required new advances in blockchain technology. Steem is a next-generation blockchain, uniquely designed to run real-time applications with near instant, fee-free transactions. Steem has been battled-tested over the last 18 months, already processing more transactions per second than Bitcoin and Ethereum”
They claim that they have around 920k users and that they all together got paid $40 million in the past year. In my opinion, this is the strongest competitor to Facebook because it has a strong user base, decentralized platform, a community which controls the feed and most of all – rewards which you can actually spend. Countless people around me have started their crypto-journey through Steemit and have made serious money. In my opinion, this is the best platform for individual/independent bloggers, because you get paid straight away if your content is good. You don’t have to go through a publishing house or an editor, you own your content. Because on this platform content is the key.
2. onG.social – blockchain alternative to Facebook
Native token – ONG coin
They also have their own token and a wallet service – SoMee wallet and ONG coin – with which the user is in full control of his private keys “and includes an in-wallet token exchange with over 100 ERC-20 tokens, an address book for tracking payments and transactions for safe record keeping,” says on their website. You also can make a page for your ICO or Company and improve it with a Bounty and Airdrop manager.
They also have a staking program. “All
It has been around for quite a while, and is one of the first social blockchain platforms. Users can link their accounts with all the top social platforms – Facebook, Twitter, Youtube, Steemit and more. The thing which sets me aside is that they haven’t published their approximate user base and the fact that their integrated token price has bottomed out, which can lead to a lot of different actions from the company.
3. Indorse – alternative to LinkedIn
Indorse is a LinkedIn type of a decentralized platform which is based on the Ethereum blockchain.
They use different methods to validate skills in a simple and objective way. Indorse uses a decentralized consensus, where random users are judging examples of skill. They also use A.I. based systems like chatbots for automated real-time validation.
“If someone is an expert in NodeJS, they put up a claim and attach proof such as their GitHub repos. Other members in the same domain on Indorse verify it. Based on the consensus, the claim is either ‘indorsed’ or flagged,” says David Moskowitz, the co-founder and CEO at Indorse.
Users get rewards for their activity on the platform with IND tokens. You can trade these tokens later or use them on the platform to purchase services. Services include advertising or company pages with validated connections, says on their web. Indorse took part in a lot of popular media outlets like Nasdaq, Inc., Forbes, Independent, CNBC and more.