WOULD BLUESKY BE THE BLOCKCHAIN TECHNOLOGY'S BREAKTHROUGH?

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Apparently, Jack Dorsey, the co-founder of Twitter, didn't resign as the CEO of the social media network because he needed a nap.

A recent disclosure showed that he's been working on another social app. In some circles, it's suspected that he resigned from Twitter to concentrate on this new project.

The suspicion arose due to recent information he made available to the public. Just as Elon Musk, the current world's richest man according to Forbes magazine and the CEO of Tesla, completed the deal to purchase Twitter, Jack Dorsey, the co-founder and former CEO of Twitter, announced that his new project, the Bluesky social network, is in beta testing and has been opened to about 30,000 testers across the globe.

The plan to develop the Bluesky social media platform was first disclosed to the public in 2019, in a tweet posted by Jack Dorsey himself on his official Twitter handle, @Jack, on the eleventh of December, 2019.

The tweet read:

"Twitter is funding a small, independent team of up to five open-source architects, engineers, and designers to develop an open, decentralised standard for social media. The goal is for Twitter to ultimately be a client of this standard."

In another tweet, it was also revealed to the public that the Bluesky project has received funding of 13 million US dollars so far from Twitter. That revelation got the masses wondering if the new social media app would be controlled by Musk as he officially acquired Twitter. But the worries might have been laid to rest by a tweet made by Jay Graber, the CEO of BlueSky.

An excerpt from the thread says:

"I am very curious to see where Elon is going to take Twitter. Very glad we’re independent—will keep working on building protocols that make society more resilient to rapid change."

The tweet came a day after Elon Musk officially took over ownership of Twitter. The current world's richest man, Elon Reeve Musk, completed the purchase of Twitter on October 27, 2022. He came close to sealing the deal earlier this week, but he later decided against it. Twitter's board didn't take it likely with him as they charged him with breach of contract. However, he surprised the world by acquiring the platform for 44 billion US dollars just a day before he was due to appear in court.

The question begging for an answer is why a co-founder and chairman of a successful social network like Twitter had to abdicate his position only to begin building a similar platform.

That question might have been answered by the latest Authentic Transfer Protocol (AT) of the Blue Sky Initiative. The AT protocol revealed that Bluesky will incorporate the ideologies of the recent decentralised technologies into an easy, swift and open network.

The team behind Bluesky Social Media has pledged to build the app on the blockchain, thereby giving users full control of their data—a feat that is not attainable in the present web2-dominated internet environment. They want to build a Web3 app (a DAPP), but make it simple for the end user just like any Web1 or Web3 app. Jay Graber revealed more in a series of tweets.

If this initiative becomes successful, we might be witnessing the birth of the first mainstream decentralised application. The decentralised apps we have had so far haven't been adopted by the majority of the world's population. Decentralized technology might gain public acceptance with the advent of Blue Sky.

Web3, blockchain, and cryptography are still in their early stages, but they're bound to be the future of technology and finance. It's only wise to start learning how to take advantage of the technology, irrespective of your career.

Meanwhile, you can join the waiting list for the Bluesky app here