Jack Dorsey, the CEO of both Twitter and Square, recently said he believes blockchain can be used to solve problems in a range of different areas.
Speaking in an interview with tech media publication The Verge, Dorsey described the technology as the "next big unlock", arguing that it has a plethora of applications beyond payments and the like.
"There are so many problems we can help solve [with blockchain] that are not just related to finance, but finance is an obvious one," he told the site.
That said, Dorsey cautioned against trying to reach too far in applying the tech, decrying the push to try and solve "every single problem with it.
He went on to say:
"I think we need to be more thoughtful. What are people struggling with? How does the technology help them progress or does it distract them?"
Speaking about bitcoin specifically, Dorsey said that he's hearing from a number of people close to him about investing in those markets, expressing surprise at the degree of interest.
"It's not about the currency at all to these people who asked me. It's about the investment," he concluded.
Image Credit: JD Lasica/Flickr
The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at [email protected]/* */.
ING Bank Launches Zero-Knowledge Tech for Blockchain Privacy
ING Bank is continuing further down the path of advanced blockchain privacy with the release of its Zero-Knowledge Set Membership (ZKSM) solution, announced this week at the Sibos banking conference.
Is Demand For Bitcoin Mining in Decline? Chip Maker Slashes Target
Bitcoin And Blockchain Jobs In The US Are Surging
Bitcoin Cash Price Weekly Analysis: BCH/USD Primed for More Upsides
Bitcoin Price Weekly Analysis: BTC/USD Above $6500 Could Accelerate Gains
Bitcoin Price Analysis: Did We Just Get a Reversal Sign?
Sorry, I Turned Off My Bitcoin Faucet (Because Money)
Draconian Digital Search Laws Threaten Bitcoiners Passing Through Customs