Twitter CEO tells Congress they're looking into blockchain to fight scams

posted 2 months ago
Twitter CEO Jack Dorsey told a Congressional committee Wednesday that the social media company is exploring blockchain solutions for its platform. Dorsey was responding to a question from a California Representative during an Energy and Commerce hearing focused on user privacy protections, misinformation, content moderation and alleged bias against political conservatives on Twitter.

Matsui asked: "What potential applications do you see for blockchain?" Dorsey replied "we need to start with problems we're trying to solve for our customers and look at all available technology... Blockchain is one that I think has a lot of untapped potential, specifically around distributed trust and distributed enforcement. 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."
Tags: blockchain, news