Twitter CEO Jack Dorsey told a congressional committee that the social media company is exploring blockchain solutions for its platform.
Dorsey was answering a question from California representative Doris Matsui during a chamber committee on energy and trade on alleged bias against political conservatives on Twitter.
"You have previously expressed interest in the vast applications of blockchain technology, including potentially trying to verify identity to combat misinformation and scams," Matsui said before asking, "What potential applications do you see for blockchain? ? "
Dorsey replied that" we have to start with the problems we are trying to solve for our customers and look at all the available technology ", continuing to say:
" Blockchain is one that I think he has a lot of unused potential, in particular with regard to distributed trust and distributed application We have not gone so far as I would still like to understand how we could apply this technology to Twitter, but today we will take care of it. "
39. company is looking for possible solutions to strengthen digital trust using the blockchain is perhaps surprising, given recent events.
from CoinDesk and many other stores, Twitter was the starting point for identity frauds that try to defraud users from their cryptocurrency investments. Through the use of copycat accounts and what the researchers claim to be a massive botnet, potential scammers tried to trick users into sending their coins to fictitious accounts.
During the hearing, Matsui observed a previously reported plan requiring the Commerce Department to create a blockchain workchain group.
"As I announced earlier in this committee, I am soon introducing legislation to direct the Department of Commerce to convene a working group of stakeholders to develop a definition of blockchain based on consensus," he said before asking Dorsey of the social media company's work with technology.
Image through the video of the House of Representatives