Twitter CEO Jack Dorsey aspires to develop a decentralized social media standard

Twitter CEO Jack Dorsey has stated that the platform will fund a small team to develop a decentralized standard for social media.

On December 11, Dorsey tweeted that Twitter plans to sponsor a small group, called Blue Sky, with up to five architects, engineers, and designers and open-source designers. This new group will be completely independent of Twitter.

The ultimate goal is to create a new decentralized standard that will probably be available to all social media. Twitter will give full support for the project and, if successful, will adopt this standard someday.

From the outset, Twitter is very open and many see its potential as a decentralized internet standard like SMTP (email protocol). However, due to recent commitments, it has become more focused. Dorsey doesn’t argue that these changes are necessary – but he believes that now is the time to return to the roots of Twitter.

Dorsey’s thinking on this topic seems to be drawn to the title “Protocols, Not Platforms” and it will all be open source.

Support the ambition of Jack Dorsey

Cardano founder Charles Hoskinson expressed his support by replying to Jack’s original tweet: “I’m in Jack. Just let me know what you need”.

So far, Dorsey’s ambitious project is still in its infancy. Besides Parag Agrawal, Twitter’s technical director, who will be tasked with finding potential clients for the project, no one has been hired to work for Blue Sky. According to Agrawal, the ideal candidate for the position of leader of Blue Sky is an experienced blockchain veteran with a knack for social media.

Love for Bitcoin

Many in the cryptocurrency community responded positively to the news and saw it as an extension of Dorsey’s love for Bitcoin. In a statement released in June, he said that Bitcoin’s principles, brands, and resilience are to make it the ideal currency of the Internet.

Throughout 2019, Dorsey is one of Bitcoin’s biggest backers. Last month, Twitter CEO will go to Ghana to join a Bitcoin meetup. Dorsey is also the CEO of Square, which supports Bitcoin through the Cash App. In October, Square asked designers to help make Bitcoin a mainstream trend.

Read more:

Follow us on Telegram

Follow us on Twitter

Follow us on Facebook

You might also like

LATEST NEWS

LASTEST NEWS