Aragon co-founder Luis Cuende informed Cointelegraph that the decentralized expertise his firm has been creating might discover its good use case o
Aragon co-founder Luis Cuende informed Cointelegraph that the decentralized expertise his firm has been creating might discover its good use case on social media platforms like Fb and Twitter.
In current months, content material moderation practices employed by world social media platforms have been criticized by folks throughout the political spectrum. Libertarian-leaning constituencies are likely to criticize them for primarily instituting politically right censorship whereas the liberals contend that they aren’t doing sufficient to filter offensive content material. Up to now, yesterday, the FBI charged six people with a plot to kidnap the governor of Michigan, Gretchen Whitmer. It has since been reported that the accused allegedly coordinated their actions through a personal Fb group.
Jack Dorsey has indicated beforehand that blockchain expertise might be a game-changer for the Web, with Twitter being no exception. He’s additionally a vocal advocate of decentralized expertise on the whole; yesterday, his different enterprise, Sq., introduced the acquisition of $50 million price of Bitcoin (BTC).
Aragon supplies a expertise stack for decentralized autonomous organizations, or DAOs. A number of the better-known DeFi initiatives that use Aragon’s expertise are AAVE, Curve, and mStable. It additionally supplies a framework for a digital court docket, the place contestants need to stake some quantity of crypto after which undergo the choice of the decentralized jurors.
Identical to with an everyday court docket system, the dropping get together can enchantment to the upper court docket (in Aragon’s case, with extra jurors) and finally take their case to what Cuende dubs the “Supreme Court docket”, the place your entire community will get to vote. It needs to be famous that Aragon Court docket remains to be in beta and contributors have solely settled a couple of fundamental instances so far.
Cuende believes that the moderation woes skilled by social media platforms current an ideal use case for Aragon’s expertise as soon as the tech matures. In his view, the polarization round this phenomenon arises from the truth that one get together (Twitter) controls the result, which constitutes censorship, whereas if it had been left to the group, the outcomes can be extra like moderation:
“I feel censorship is when the foundations are outlined by one get together, moderation is when there is a consensus on the foundations. So in any other case, I feel if Twitter and Fb had been really ruled by its customers in a roundabout way that feels truthful to everybody, then we might collectively determine on the foundations. We might collectively determine on what to do and what not, and we might push that ahead. And that may be carried out as we speak, the expertise is there.”
Cuende stated that he has not reached out to Dorsey but, however will possible do it within the close to future:
“I feel it is sort of like perhaps too early for that, however I feel it is a matter of time.”