Can blockchain help Twitter in more transparency?

Twitter CEO, Jack Dorsey was called Wednesday, 5 September to testify at the side of Facebook COO Sheryl Sandberg on meddling in the 2016 U.S. election.

The conference held in the US House of Energy and Commerce Committee has had as main themes Twitter’s transparency and accountability. During a four and a half hours audience, many questions have been asked about data protection and how Twitter is protecting its users.

One of the issues exposed was about the applicability of the blockchain technology to enhance users protection. The question was posed by Doris Matsui, a representative from California, who asked Jack Dorsey about which potential could Twitter achieve from the application of the blockchain technology:

“Previously expressed interest in abroad application of blockchain technology, including the potential to identify identity to find misinformation and scams. What potential application do you see for blockchain?”

The reply of Jack Dorset, the CEO of Twitter, was focused on customers and blockchain untapped potentials:

“First and foremost we need to start with problems that we’re trying to solve for our customers, and I’m looking all global technology in order to understand if they can help us to accelerate, make those accounts much better. Blockchain is one that I think has a lot of untapped potentials, specifically around distributed trust and distributed enforcement potentially.”

Jack Dorsey also added details regarding the progress they have made from the research point of view:

“We haven’t gone as deep as we’d like just yet in understanding how we might apply this technology to the problems we’re facing at Twitter, but we do have people within the company thinking about it today.”

The biggest problem that Twitter is facing is the identification of fake accounts. The scammers defraud users out of their cryptocurrency holdings using copycat accounts. To make his own profile recognizable, Vitalik Buterin’ decided to change its profile name on Twitter in “Vitalik Non-giver of Ether“.

The entrepreneur Elon Musk was also stormed. With a tweet, he has warned the presence of Ethereum scambots that impersonate famous people on Twitter to steal cryptocurrencies from their victims.

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