Twitter explores the use of Blockchain in fight against 15,000 scam bots

Washington. Last Wednesday, Sept. 5, Jack Dorsey was interviewed by the E & C House Committee. The CEO of Twitter was supposed to present MEPs with solutions in the fight against bots, which serve the political opinion and the systematic fraud of cybercriminals. According to their own statements, they are investigating the huge potential of the blockchain in order to disable the approximately 15,000 active fake bots for rip-off (scam).

Last Wednesday, the CEO of the microblogging service Twitter was  interviewedJack Dorsey had to speak to the members of the United States House Committee on Energy and Commerce (E & C) . This committee oversees, inter alia, telecommunications and the protection of US consumers. Twitter boss Jack Dorsey presented possible solution scenarios in the fight against fake bots of all kinds. To rule out systematic fraud, one could imagine using blockchain technology to establish more effective confidence and enforcement mechanisms.

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Operating company of Twitter needs to come up with something urgently to effectively curb various forms of fraud, identity theft and the spread of fake news. We recall the use of countless programs (bots), which have been proven with targeted disinformation and incitement campaigns contributed to the fact that Donald Trump was elected Acting President of the United States. The focus of cybercriminals, however, are all too trusting consumers who believe the promises of Twitter accounts too much. Again and again fake accounts of celebrities are used to distribute alleged gifts in Ethereum or Bitcoin. Anyone who wants something from the money, should the noble donors before ” for review“Even transfer part of their wallet. We have repeatedly reported about such incidents.

The Californian MP Doris Matsui wanted to know at the hearing of Dorsey, what he wants to do about the ongoing misery. Dorsey’s answers were more evasive. He believes that Blockchain has a lot of potential, which is still unused. However, we have not penetrated as far as we would like in exploring the possibilities. However, there are employees within the company who work on a solution. They should check the practical use of Blockchain in the fight against fake bots of all kinds.

If you want to look at the quite interesting questioning by Doris Matsui, you can do this from an hour and 26 minutes in a video recording  at this point.  Industry experts suggest the Ethereum ERC725 protocol as a way out. By integrating a similar blockchain solution, where the Twitter accounts are decentrally checked for authenticity, the number of fraudulent accounts could be reduced to zero. A final assessment by Twitter is still pending.

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