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

28.11.2018 | 22:45

Washington. Last Wednesday, September 5, Jack Dorsey was questioned at the House of Representatives’ E&C Committee. The CEO of Twitter was asked to present solutions to the deputies in the fight against bots, which are used for political opinion-making and the systematic fraud of cyber criminals. According to their own statements, they are investigating the huge potential of the blockchain to disable the 15,000 active fake bots for scam.

Last Wednesday, the managing director of the microblogging service Twitter was interviewed. Jack Dorsey had to answer questions from members of the United States House Committee on Energy and Commerce (E&C). This committee oversees, among other things, telecommunications and the protection of US consumers. Twitter boss Jack Dorsey presented possible solution scenarios in the fight against fake bots of all kinds. In order to rule out systematic fraud, one could imagine using block-chain technology to establish more effective trust and enforcement mechanisms.

Giveaway-Scam, Fake-News & Bitcoin Revolution: Twitter under pressure

The Twitter operating company must urgently come up with a way to effectively curb various forms of fraud, identity theft and the spread of fake news about the Bitcoin revolution. We remember the use of countless programs (bots) that have demonstrably contributed with targeted disinformation and smear campaigns to the election of Donald Trump as incumbent president of the United States. Cybercriminals, on the other hand, focus on overly trusting consumers who believe too much in the promises of Twitter accounts. Time and again, fake accounts are used by celebrities to distribute alleged gifts in Ethereum or through the Bitcoin revolution. If you want to get some of the money, you should transfer a part of your wallet to the noble donors beforehand “for verification”. We have reported on such incidents again and again.

Research into the possibilities of Bitcoin loophole has not been completed for a long time

At Dorsey’s hearing, Californian MP Doris Matsui wanted to know what he would do about the Bitcoin loophole. But Dorsey’s answers were rather evasive. He believes that there is a lot of potential on the blockchain issue that is still untapped. However, one had not yet advanced as far as one would like in the exploration of the possibilities: https://www.forexaktuell.com/en/bitcoin-loophole-scam/ However, there are employees within the company who are working on a solution. They should examine the practical use of the blockchain in the fight against fake bots of all kinds.

Who wants to have a look at the quite interesting survey by Doris Matsui, can do this from one hour and 26 minutes in a video recording at this point. Industry experts suggest the Ethereum ERC725 protocol as a way out. The integration of a comparable blockchain solution, in which Twitter accounts are checked decentrally for authenticity, could reduce the number of fraudulent accounts to zero, they say. However, a final assessment by Twitter is still pending.

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