When Twitter and Square CEO Jack Dorsey spoke at the virtual Oslo Freedom Forum 2020 on Friday, he said blockchain technology is the future of Twitter.Â
âBlockchain and bitcoin point to a future, point to a world, where content exists forever,â Dorsey said. âWeâre not in the content hosting business anymore, weâre in the discovery business.â
In short, Dorsey expects the nonprofit 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.Â
â[Blue Sky] is a completely separate nonprofit from the company [Twitter],â Dorsey said. âWeâll focus on becoming a client of it so we can build a compelling service and business where anyone can access and anyone can contribute.â
Read more: Jack Dorsey Announces New Twitter Team: Square Crypto, but for Social Media
He added the nonprofit is still looking to hire at least five roles, tasked with creating a public blockchain platform.
âYou see this most fundamentally in bitcoin and in blockchain,â Dorsey said, describing the shift from centralized service providers to diverse network participants. âThe keys will be more and more in the hands of the individual.âÂ
As for Bitcoin Twitter, as it exists today, Dorsey broadly spoke to the importance of safeguarding usersâ identities, which may be the key to healthy discourse. Plus, Twitterâs staff are amping up reliance and machine-learning tools to help identify non-authentic user behavior, aka propaganda.Â
âI appreciate the difference between anonymity and pseudonymity,â he said. âPseudonymity is built identity. ⦠We want to protect that,â he said.
The appearance comes after the now-infamous Twitter hack of July 2020, when the platform suffered its most prominent attack in years. A 17-year-old hacker is still being tried for multiple fraud charges in Florida for infiltrating some of the worldâs most prominent accounts and soliciting bitcoin payments.
âSecurity is not anything that can ever be perfected, itâs a constant race,â Dorsey said. âThe more weâre giving the individual the keys, the safer weâre going to be.â