#facebucks: why social media needs the #blockchain
▻https://hackernoon.com/facebucks-why-social-media-needs-the-blockchain-3a2e84d6498f?source=rss-
Recent events have made it clear that social media has problems. Blockchain has powerful solutions for the big companies behind our favourite platforms — and it’s possible that a decentralised model is the only long-term way to create social media that is fit for purpose.Social media companies are already showing considerable interest in blockchain technology. It’s not always clear why — where the motives are apparent, they differ widely — but it makes intuitive sense. Social networks are designed to connect humans on a peer-to-peer level. Blockchain serves the same purpose. The match is a natural one — and if Telegram’s $1.7 billion token sale is anything to go by, there will be plenty more headlines to come on that theme.However, there’s a bigger picture and a bigger prize here. Blockchain could (...)