Twitter planning to set up independent research group to build decentralized standard for social networks
By MYBRANDBOOK
The social media platform, Twitter Inc is planning to set up an independent research group. It will help to create an “open and decentralized” system for social networks which could relieve pressure on the company to appease critics of its content policies but also give rise to a new crop of competitors. As per Twitter CEO, Jack Dorsey, the system or standard would not be owned by any single private company. It will empower individuals to use a variety of services to access the same network, just like they choose different email providers to see the same messages.
He also said that the new approach will allow Twitter to focus on building open recommendation algorithms which promote healthy conversation and it will also force the company to be far more innovative than in the past.
Twitter’s Chief Technology Officer, Parag Agrawal will be responsible for hiring a lead for the research team, called BlueSky.
As per Dorsey, Twitter will fund the project, which will take many years to complete, but will not direct it. He went on to suggest that blockchain technology might provide a model for decentralizing content hosting, oversight and even monetization of social media, without elaborating on possible alternatives to Twitter’s ads-driven business.
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
The latest version of X helps prevent deepfakes on social medi
To combat deepfakes and shallowfakes, Elon Musk revealed a new update t...
India and Namibia collaborate on a payment system similar to U
Once operational, the platform will enable digital transactions in Namibia,...
Sebi issues show-cause notices to six Adani group firms
Sebi issued show-cause notices to six Adani Group firms, including Adani ...
CP PLUS INDIA PVT. LTD.
BEETEL TELETECH LTD.
FINOLEX INDUSTRIES LTD.
MICROMAX INFORMATICS LTD.
Technology Icons Of India 2023: Vijay Shekhar Sharma
Vijay Shekhar Sharma is an Indian technology entrepreneur and billiona...
Technology Icons Of India 2023: Nandan Nilekani
Nandan Nilekani is the Co-Founder and Chairman of the Board, Infosys T...
Technology Icons Of India 2023: Rajendra Singh Pawar
Rajendra Singh Pawar is an entrepreneur and businessperson who founded...
C-DOT enabling India in indigenous design, development and production of telecom technologies
An autonomous telecom R&D centre of Government of India, Center of Dev...
GeM maintains transparency in online procurement of goods & services
Created in a record time of five months, Government eMarketplace is a ...
ECIL continues to keep India ahead in the growth of Information Technology and Electronics
ECIL played a very significant role in the training and growth of high...
R P TECH INDIA
R P Tech is recognized for its diverse products portfolio, value-add...
BEETEL TELETECH LTD.
: Beetel is one of the oldest and most reputed brands in the Industry,...
TECH DATA, A TD SYNNEX COMPANY
Tech Data Corporation was an American multinational distribution compa...