Social media company Twitter is exploring uses of blockchain technology. Twitter Inc. CEO Jack Dorsey had testified before a US Congressional committee on Wednesday, Sept. 5. The US Committee on Energy and Commerce questioned on issues related to transparency and accountability. Dorsey informed that distributed ledgers could be used to stop viral scams and misinformation perpetrated through their platform.
“Blockchain is one that I think has a lot of untapped potential, specifically around distributed trust and distributed enforcement potentially.”
On the same day, Dorsey provided testimony at a Senate Intelligence Committee hearing focused on the alleged interference during the US presidential elections in 2016.
Later, he followed this on Twitter by posting a lengthy thread whence he talked about Twitter’s commitment to transparency.
The implementation of blockchain technology may likely help the platform detect the issues of fake posts and scammers quickly and ensure the platform becomes safer for the users, but this could need some time and investment.