(article is behind paywall, but it may work for you)
Just saw a very interesting interview on Bloomberg and a tech/finance billionaire reckons that the future of social media is for it to move onto the blockchain. All of it.
What he is saying is basically there are curently separate platforms like Facebook and Twiiter which aren't interoperable with each other and he reckons this needs to change. He thinks all social messages should be placed on the blockchain to be accessible to everyone and you use your favourite social media platform to access the messages, but all the content is kept in the same place on the blockchain. Facebook and Twitter just become the interfaces to access that content, but they don't control the content, according to this guy.
There is a regulatory dimension to this too. American regulators are clamping down on social media and if this were to happen, the tech companies like Facebook would lose control of the very thing that gives them so much control: people's data.
Many forums, like this site, work like this already in many respects. Ok, the messages are not stored on the blockchain, but they are stored on databases and as I now use the cloud service of this site's software provider, WoltLab, it means that this site's data, along with other site's data who also use the WoltLab cloud service, are all kept in the same database.
This idea takes it to the next level, I think. What do you reckon?