Twitter CEO Jack Dorsey, who was present at the recently concluded Oslo Freedom Forum, buttressed the need to integrate distributed ledger technology (DLT) into the processes of the platform, to make it harder for hackers to take control of users’ accounts, according to reports.
Project Blue Sky Still in the Pipeline
As reported in December 2019, Jack Dorsey, the founder of Twitter revealed plans to launch a blockchain project dubbed BlueSky, which is aimed at creating an open, transparent, and decentralized standard for social media.
Fast forward to September 2020, during the recently held Oslo Freedom Forum, an initiative that claims to be focused on building a community of activists bound by a common vision of making the world more peaceful, prosperous, and free from tyranny, Dorsey made it clear that project BlueSky is still very much in the pipeline.
It’s no news that Twitter has suffered a series of hacks in recent times, with rogue actors using the platform to orchestrate numerous crypto giveaway scams aimed at defrauding unsuspecting users.
Solving the Issue of Hacks with DLT
Earlier in July 2020, some bitcoin thieves hijacked the Twitter accounts of some highly reputed organizations and individuals, including Binance crypto exchange, Coinbase, Elon Musk, U.S Presidential aspirant Joe Biden and a host of others, to tweet about a juicy bitcoin giveaway program that promised to reward all donors by doubling their donations and send it back to their wallets.
Dorsey firmly believes that blockchain technology has all it takes to permanently solve the problem of hacks by making the platform entirely decentralized, as there will no longer be a single point of failure in the system.
“We need to enable people to contribute to a public blockchain and we need to enable people to pull and see from that public blockchain as well. The more we’re giving the individuals the keys, the safer this whole system is going to be.”
While a good number of blockchain-powered social media platforms have gone live in recent times, including Steem, Gab and the EOS-powered Voice, none of them has so far succeeded in taking away the shine from Facebook. It remains to be seen whether Jack Dorsey’s decentralized Twitter will achieve this.