Aragon co-founder Luis Cuende instructed Cointelegraph that the decentralized know-how his firm has been growing might discover its excellent use case on social media platforms like Fb and Twitter.
In latest months, content material moderation practices employed by world social media platforms have been criticized by individuals throughout the political spectrum. Libertarian-leaning constituencies are inclined to criticize them for basically instituting politically right censorship whereas the liberals contend that they don’t seem to be 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 by way of a non-public Fb group.
Jack Dorsey has indicated beforehand that blockchain know-how will likely be a game-changer for the Web, with Twitter being no exception. He’s additionally a vocal advocate of decentralized know-how basically; yesterday, his different enterprise, Sq., introduced the acquisition of $50 million price of Bitcoin (BTC).
Aragon gives a know-how stack for decentralized autonomous organizations, or DAOs. Among the better-known DeFi initiatives that use Aragon’s know-how are AAVE, Curve, and mStable. It additionally gives a framework for a digital court docket, the place contestants must stake some quantity of crypto after which undergo the choice of the decentralized jurors.
Similar to with an everyday court docket system, the shedding occasion can attraction to the upper court docket (in Aragon’s case, with extra jurors) and ultimately take their case to what Cuende dubs the “Supreme Courtroom”, the place the whole community will get to vote. It needs to be famous that Aragon Courtroom remains to be in beta and individuals have solely settled a couple of fundamental circumstances to this point.
Cuende believes that the moderation woes skilled by social media platforms current an ideal use case for Aragon’s know-how as soon as the tech matures. In his view, the polarization round this phenomenon arises from the truth that one occasion (Twitter) controls the end result, which constitutes censorship, whereas if it have been left to the neighborhood, the outcomes can be extra like moderation:
“I feel censorship is when the foundations are outlined by one occasion, moderation is when there is a consensus on the foundations. So in any other case, I feel if Twitter and Fb have been truly ruled by its customers indirectly that feels truthful to everybody, then we might collectively resolve on the foundations. We might collectively resolve on what to do and what not, and we might push that ahead. And that may be carried out immediately, the know-how is there.”
Cuende mentioned 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.”