Express Computer
Home  »  Blockchain  »  Blockchain technology is future of Twitter: Jack Dorsey

Blockchain technology is future of Twitter: Jack Dorsey

3 153
Read Article

Twitter and Square CEO Jack Dorsey has once again reiterated that Bitcoin and Blockchain technology is the future of his micro-blogging platform to keep it more secure from hackers.

Dorsey last year announced a non-profit platform called Bluesky to develop an open and decentralized standard 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 Square CEO said during the virtual Oslo Freedom Forum 2020 last Friday.

Dorsey expects Blue Sky to create an open Twitter protocol, which users can contribute to and access data from instead of a centralized service where the social media platform hosts content on its website.

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

“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 Forum is “a series of global conferences run by the New York-based non-profit Human Rights Foundation (HRF).

Dorsey said: “I fundamentally believe that security is something that can never be perfected… it’s a constant race, it’s a constant push to be 10 steps ahead 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 absolutely no secret of his love for cryptocurrency over the years.

Twitter is also considering a feature that would allow users to tip one another in Bitcoins.

The Information reported recently that the micro-blogging platform is working on implementing a new payment feature to let people send money to each other.

According to the Twitter CEO, Bitcoin will one day be the currency of the internet and his company Square integrating cryptocurrency payments.

Dorsey has also hired Bitcoin developers for his payments company.

–IANS


If you have an interesting article / experience / case study to share, please get in touch with us at [email protected]

Advertisement

Get real time updates directly on you device, subscribe now.

Subscribe to our newsletter
Sign up here to get the latest news, updates delivered directly to your inbox.
You can unsubscribe at any time
3 Comments
  1. David Shameer says

    Probably the blockchain market will grow much faster than we thought it would, finding its new applications in different fields
    For instance, Tecra Space provides investments into startups via tokenization and blockchain solutions

  2. roma.shepin says

    Good,
    Seems like the blockchain industry will grow much faster than we thought it would, finding its new applications
    Like these guys from Tecra Space, made it possible to fund startups via project tokenization based on blockchain solutions
    who knows where else blockchain could be implemented

Leave A Reply

Your email address will not be published.

Virtual Conference

Leading the future for the connected world

The ability to adapt to new technologies while supporting critical systems requires a smart network infrastructure.
REGISTER NOW
close-link
Know how to deliver a seamless customer experience from cable to cloud.
Register for Free
close-image