The CEO of Twitter, Jack Dorsey, confirms that blockchain is very much on the social media network’s agenda…
The screw has been turning on social media service Twitter this year which, along with Facebook, has been thrown into the limelight with questions over how its platform is being used to spread disinformation and hate.
Furthermore, Twitter has been of particular interest to cryptocurrency scammers, who have widely abused the platform in order to attempt to defraud people.
The issue has reached the point where a US congressional committee called the CEO of Twitter, Jack Dorsey, to a session in order to ask questions of him.
The committee was investigating alleged political bias on the Twitter platform. As such, Dorsey was asked by one representative – Doris Matsui – about previous comments he’d made regarding using blockchain technology in order “to fight misinformation and scams”. She queried just what applications Dorsey saw for the technology.
In response, he said that “we need to start with problems we’re trying to solve for our customers and look at all available technology”. But it’s very clear that blockchain is something of real interest to him, and to Twitter.
“Blockchain is one that I think has a lot of untapped potential, specifically around distributed trust and distributed enforcement”, Dorsey told the committee.
“We haven’t gone as deep as I would like just yet in understanding how we might apply this technology to Twitter but we have people thinking about it today”.
Which says something without saying much. There’s little sign of a concrete plan to address the many problems that Twitter is facing. But it’s clear that Dorsey is very much in the limelight, and the pressure is now on to come up with something tangible.