Technology

CEO Jack Dorsey Says That Blockchain Technology Is Going To Be Their Future Of Twitter

CEO Jack Dorsey Says That Blockchain Technology Is Going To Be Their Future Of Twitter
CEO Jack Dorsey Says That Blockchain Technology Is Going To Be Their Future Of Twitter

Once again, the Twitter and Square CEO Jack Dorsey reiterated that Blockchain technology and Bitcoin technology is going to be the future of his micro-blogging platform. These technologies are going to be the future of Twitter because they are going to help in keeping everything more secure from hackers. However, Dorsey is the only one who announced a non-profit platform last year. BlueSky is the name of this platform and was developed to develop an open and decentralized standard for social media.

Furthermore, Bitcoin and Blockchain are the technology that points to the future, point to a world, where content will exist forever. In addition, he says that we are not in the content hosting process now but yes in a discovery business we are. These were the sayings of the CEO when he was present in Oslo Freedom Forum 2020 last Friday. Dorsey expects BlueSky to create such a protocol for Twitter so that it provides the users to contribute to and access data instead of a centralized service from where the content is hosted on the website.

CEO Jack Dorsey Says That Blockchain Technology Is Going To Be Their Future Of Twitter
CEO Jack Dorsey Says That Blockchain Technology Is Going To Be Their Future Of Twitter

Later on, he claims that they are focusing on becoming a client of it so we can build a compelling service and business from where anyone can access and contribute. You can see this most fundamentally in bitcoin and in the blockchain. The keys are going to be there in hands of individual more and more, he adds. Oslo Forum is a series of global conferences run by the New York-based non-profit Human Rights Foundation. Dorsey said that we are fundamentally believing that security is everything that can never be perfected in a constant race, it can just be pushed 10 steps ahead of hackers. Therefore, the whole system of Bitcoin is just to provide a trusted system to a distributed environment with proper internet and the technologies that are going to provide new capabilities where we can do this internally and can give yourself peace of mind.

About the author

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Tom Bernes

Tom Bernes is the Editorial Director at The Next Hint Inc.

Prior to joining The Next Hint Inc, Tom had a hand in a number of online and print publications, including InternetNews.com as chief copy editor and Government Technology Magazine as managing editor. He also did a stint in Sydney as group editor of RBI Australia's manufacturing group, which is when he also developed an affinity (a love, really) for cricket.

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