Twitter to Explore Blockchain Potential, CEO Says
Twitter CEO Jack Dorsey told lawmakers at the Senate Intelligence Committee hearing last Wednesday that the company is looking into the possibilities of using blockchain technology for the platform, particularly for fighting scams and misinformation.
Answering a question from California representative Doris Matsui, Dorsey said that blockchain has a lot of untapped potential, particularly its application for distributed trust and distributed enforcement. He added that experts in the company are now beginning to study how the technology can be used to address problems Twitter is currently facing.
Dorsey was one of the top executives from US tech giants that the Senate had summoned to provide answers on the impact of social media companies on US politics and data privacy.