- Twitter is funding an independent team of 5 called Bluesky
- A decentralized step towards supporting and fostering the values of a free and open Internet
Twitter and Square CEO Jack Dorsey has taken another step towards building a decentralized standard for social media.
Bitcoin believer took to Twitter to announce his plans for an open-source Twitter for which the social media giant is funding a small independent team of up to five architects, engineers, and designers dubbed Bluesky.
— bluesky (@bluesky) December 11, 2019
A Decentralized Standard for Social Media
Dorsey reminiscences about the time when Twitter started which was so open that “many saw its potential to be a decentralized internet standard.”
Due to a variety of reasons, Twitter took the “centralized” path but now such solutions are struggling to meet the new challenges the company is facing.
He further notes that the value of social media is shifting away from content hosting and towards “recommendation algorithm.”
Also, the fact that content and conversation that sparks outrage and controversy have become the center of attention instead of those that “informs and promotes health” is another issue pushing Dorsey towards building a decentralized platform. New technologies meanwhile have made a decentralized approach “more viable.” Dorsey said,
“Blockchain points to a series of decentralized solutions for open and durable hosting, governance, and even monetization. Much work to be done, but the fundamentals are there.”
Dorsey has already taken a step towards decentralization with Square, which is doing the same for Bitcoin with Square Crypto.
Now, for a decentralized Twitter, the company has yet to make a decision if they want to go with an existing decentralized standard or create one from scratch.
However, it won’t be happening overnight rather will take many years to develop “a sound, scalable, and usable decentralized standard” that will allow the company to be more innovative and build an open recommendation algorithm for healthy conversations.
Also, it will have its own share of challenges and as such, it won’t be owned by a single corporation, “furthering the open & decentralized principles of the internet.”