The fact that Twitter can use the technology of distributed ledger, said the head of the company Jack Dorsey.
The statement was made during the hearings in the US Congress, where the head of Twitter took part along with the CFO on Facebook (company representatives testified about the interference in the presidential election in 2016). To introduce a blockchain system into a working platform is planned in order to maintain the privacy of users as well as possible, secure their data, and also to ensure that there is no scam on the platform.
As Jack Dorsey specified, now the company is exploring the possibilities of implementing a blockchain system on the microblogging platform. He also added that its potential remains uncovered.
“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,” he said.
The problem of user verification for a social network today is more than acute. So, in just three months of 2018, from May to July, it was possible to find over 80 million fake accounts on the Twitter network (according to Duo Security), and it’s not just about fake celebrity’s accounts, but about crypto exchanges’ accounts that can turn with financial losses for other users of the network.