Could blockchain powered social media 2.0 dethrone Facebook?

4 min read

By 2021, the number of active social media users is expected to reach a mind-boggling 3.02 billion, with over a third of the world’s population using social media platforms it’s important to discuss the downsides of this new digital landscape and how novel technologies like blockchain could potentially revolutionize this space. Currently, the market is dominated by one company, Facebook with over 2.3 billion users. For the perspective of the influence Facebook holds, of the six social media platforms that have over 1 billion users, Four of them are owned by Facebook. Shockingly one of the most popular social media…...

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Gregory S Matthew As an engineer, Gregory has always been passionate about technology and is well versed in its applications. He is currently exploring the possible use cases of blockchain technology and its implications on the world.