Twitter founder and CEO Jack Dorsey announced the funding of a small team of researchers to research and develop an open, decentralized standard for social media.

With the aim of developing Twitter in the future towards this decentralized standard.

Jack Dorsey revealed this news and gave his explanation in series of tweets He pointed out that the approval and completion of the process may take years.

The project being developed bears the name “blue sky”, but it is newly established and the team working on it is newly formed. This team consists of 5 people. The director of the technical office of Twitter, Mr. Parag Agrawal, was assigned to lead the project.

Read:After raising more than $250 million, Project Filecoin prepares for official launch

Dorsey says he was inspired in part by the idea for the project from a suggestion from Techdirt founder Mike Masnick, who has long promoted standards for protocols, rather than platforms.

Dorsey also says that a decentralized system can solve some of the major problems in social media, stating:

Central implementation of the global policy to tackle abuse and disinformation is unlikely to expand in the long term without imposing too many burdens on people.

Dorsey confirmed that Parag Agrawal is the ideal candidate to lead the project due to his experience working on the blockchain.

Dorsey points to blockchain technology as a way for decentralized social networks to implement open and permanent hosting.

Decentralized social networks already exist

Probably the most famous system is “Mastodon” which consists of individual or community servers managed by a community interconnected through a system called “fediverse”.

Mastodon itself is based on an open source network protocol called ActivityPub.

Dorsey left open the possibility of using this type of existing standard.

In his series of tweets, he indicated the following:

For social media, we would like this team to find either an existing decentralized standard that can help moving forward, or creating a standard from scratch.

Read:A school in Dubai accepts Bitcoin and Ethereum tuition fees…Details here

This is the only trend we’ll be saving on Twitter.

For your information, Twitter is already involved in the Data Transfer Project, a recent project that allows easy data transfer between web platforms and Bluesky’s work is likely to fit in with this project.

If Project Bluesky comes up with a viable protocol, Dorsey says Twitter would benefit from using it, making the argument as follows:

Read:The collapse of the price of the digital currency SUSHI by more than 69% for the following reasons

Because it will allow us to access and contribute to a much larger set of public conversations, focus our efforts on building open recommendation algorithms that promote healthy conversations, and will force us to be more innovative than in the past.

Although Dorsey did not state this, he seeks to escape the problems that Twitter has been experiencing over the past years.

For the Bluesky project to come to fruition, it could take years for the effects to start to show.

Read also:

Twitter founder denies allegations of launching a cryptocurrency like Facebook

CoinList project raises $10 million led by Twitter founder