A review of NewsCred
Posted by Jamie Hutson | Filed under Life, Start Ups, Syndication, analytics, sharing applications, social media, web 2.0
After posting about the growing amount of information and its consequential devaluation, I received a chance to use and review a new service - NewsCred - All the world’s credible news, in one place, a new aggregator that allows registered users to vote on articles and choose to “Credit” the author or article, or “Discredit” the author or article. It is actually similar to my iGoogle homepage in that I can select the news sources and blogs that I want to follow, and track the creditability of. They are out to filter the “Signal to Noise” ratio…
One of the really cool things about the service is that they allow anyone to rank the credibility of an article, an author, or a source (newpaper, blog, etc) based on credibility, quality, transparency and accuracy. The voting process is compiled using their “credibility waterfall algorithm” which although, I don’t like the name (is that a technical term), is a neat concept. It allows the creditability ranking of a specific article to affect the creditability ranking of the author, which in turn affects the creditability ranking of the article’s source. Overall this will theoretically serve you the highest quality and credible news from all across the web. It seems to do a pretty good job of that.
One thing I feel the site needs to really become successful is the proliferation of a “digg” style badge. The relatively new plethora of sharing sites across the internet need a way to tout their creditability, and if the NewsCred “Creditability” ranking badge could furnish this demand, then NewsCred could truly have something remarkable on their hands.
The two largest threats I see for the site are one, reaching a critical mass where they have enough users to rank and “credit” articles which I might read or be interested in; and second, someone else doing that sooner. If the site never really catches on, I don’t really see it becoming anything special, that may go without saying, but here is another 2.0 player in need of user volume.
Its definitely a cool site, one worth checking out. They clearly have a good vision of where they want to be, and how they want to do it and I think it can be successful.
Thanks to the guys at NewsCred for working on something that might actually improve the quality of news out there.
