Blockchain technologies can help to fight scammers — Twitter CEO

  • Blockchain technologies can help to fight scammers Twitter CEO

Kiev: Jack Dorsey, CEO of Twitter, joined the hearing of the US Senate Committee on Energy and Commerce and made a statement that he considers the blockchain technology a tool to combat scammers.

The meeting of the committee focused on personal data protection, disinformation combating, monitoring of the content and possible political bias published on Twitter.

Doris Matsui, the representative for California's 6th congressional district, asked Jack Dorsey about his opinion on the potential use of blockchain technology to combat disinformation and fraud.

Twitter CEO replied that it is necessary to have full information about the problems that need to be solved, and then pay attention to technologies that can aid in this. Blockchain has a huge potential, and it can be applied in various fields of activity. First, it is necessary to understand how the technology will help solve existing problems, and the company's specialists are already working on with this matter, Dorsey added.

Many mass media reported that crypto scammers used the Twitter to create accounts and extort digital assets, including on behalf of famous people.

During the hearing, Doris Matsui drew attention to the imperfection of the legislation regarding blockchain and stated that she would take part in its development together with the interested parties.

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