jack dorsey

Twitter CEO, Jack Dorsey, has been a big fun of decentralized technologies, openly promoting the development of Bitcoin and Bitcoin related payment products on Twitter (Lightning Network integration) and Square’s BTC integration. Now, Jack wants to build and develop a decentralized social media platform – BlueSky.

In a series of tweets, the Twitter chief stated the centralized internet is facing huge issues including centralized enforcement of global policy to address abuse and misleading information, the over-reliance on controversial and outrageous statements instead of informative statements and proprietary recommendation algorithms on sites.

In a bid to curb the issues facing centralized social media platforms, Jack aims at providing a “decentralized, open and durable platform to enhance hosting, governance, and monetization”. Blockchain provides the fundamentals needed to build the platform.

A new decentralized Twitter – Bluesky

According to Jack, Twitter will fund five open source architects to work on the decentralized platform with a bid to integrate the social platform as a client in future. The team’s responsibility is to build on existing blockchains, or create one that provides a decentralized standard to build the social platform. Once Bluesky, the name of the decentralized standard, is created, the platform will be open to the public with no further control from Twitter.

How does this help social media?

The move to blockchain and decentralized systems offers users a chance to be in control of their data, monetization processes and content. Notwithstanding, it opens up a transparent and open platform for the public to share and receive information without the control of a single private entity.

“It will allow us to access and contribute to a much larger corpus of public conversation, focus our efforts on building open recommendation algorithms which promote healthy conversation, and will force us to be far more innovative than in the past.” – Jack Dorsey, on Bluesky.

While the dream of a decentralized social platform and internet remains promising, a lot more will need to be done to ensure scalability and security of the platform is not compromised, Jack said.

Jack has been a fond supporter of Bitcoin (BTC) and the recent plans to launch a ‘decentralized Twitter’ may come with a side piece BTC payment integration. How bullish can the blockchain field get?

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Source: Coin Gape