<https://decrypt.co/14386/jack-dorsey-wants-to-decentralize-twitter> Twitter CEO Jack Dorsey has revealed he wants to create an open standard for decentralized social media. And the goal will be to have Twitter conform to that standard. "Twitter is funding a small independent team of up to five open source architects, engineers, and designers to develop an open and decentralized standard for social media. The goal is for Twitter to ultimately be a client of this standard," Dorsey tweeted. Twitter's CTO Parag Agrawal will be leading the team, which will be called Bluesky. Dorsey highlighted some of the problems that the current swathe of centralized social media sites face, such as addressing misleading information. He also said that many of these sites promote controversy rather than healthy conversation. This could be summed up as some of the problems of Web2—the current Web we use today. Instead he pointed to the principle of decentralization, and key technologies, such as blockchain, as the solution. These are generally seen as the building blocks of Web3. "Finally, new technologies have emerged to make a decentralized approach more viable. Blockchain points to a series of decentralized solutions for open and durable hosting, governance, and even monetization. Much work to be done, but the fundamentals are there," he said. However, Dorsey acknowledged there will be a tough road ahead.