Blockchain Technology Is Future Of Twitter: CEO Jack Dorsey

San Francisco: Twitter and Sq. CEO Jack Dorsey has as soon as once more reiterated that Bitcoin and Blockchain know-how is the way forward for his micro-blogging platform to maintain it safer from hackers.

Dorsey final 12 months introduced a non-profit platform referred to as Bluesky to develop an open and decentralized normal for social media.

“Blockchain and Bitcoin point to a future, point to a world, where content exists forever. We’re not in the content hosting business anymore, we’re in the discovery business,” the Sq. CEO stated in the course of the digital Oslo Freedom Discussion board 2020 final Friday.

Dorsey expects Blue Sky to create an open Twitter protocol, which customers can contribute to and entry knowledge from as an alternative of a centralized service the place the social media platform hosts content material on its web site.

“(Blue Sky) is a completely separate nonprofit from the company (Twitter),” Dorsey stated.

“We’ll focus on becoming a client of it so we can build a compelling service and business where anyone can access and anyone can contribute.”

“You see this most fundamentally in bitcoin and in blockchain. The keys will be more and more in the hands of the individual,” he added.

Oslo Freedom Discussion board is “a collection of worldwide conferences run by the New York-based non-profit Human Rights Basis (HRF).

Dorsey stated: “I basically imagine that safety is one thing that may by no means be perfected… it’s a relentless race, it’s a relentless push to be 10 steps forward of hackers”.

“The whole spirit of Bitcoin, for instance, is to provide a trusted system in a distrusted environment, which is the internet, and those technologies will provide us new capabilities where we can do this internally as well and provide a lot more peace of mind”.

Dorsey has made completely no secret of his love for cryptocurrency over time.

Twitter can be contemplating a function that will permit customers to tip each other in Bitcoins.

The Data reported not too long ago that the micro-blogging platform is engaged on implementing a brand new fee function to let individuals ship cash to one another.

Based on the Twitter CEO, Bitcoin will in the future be the foreign money of the web and his firm Sq. integrating cryptocurrency funds.

Dorsey has additionally employed Bitcoin builders for his funds firm.


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