As a researcher with a background in blockchain technology and cybersecurity, I can’t help but feel concerned about the recent string of incidents involving hacks and scams on social media platforms like X. Having closely followed the developments in this space for years, it’s disheartening to see that despite best efforts, fraud continues to pose a significant threat.
Since Charles Hoskinson of Cardano announced his potential collaboration with Elon Musk, his attention has shifted towards the tech mogul’s endeavors. Recently, Hoskinson has proposed integrating Decentralized Identity (DID) into the X app, which advocates for free speech.
Another Scam on Musk’s X
On Monday, July 15, Ben Goertzel, the CEO of SingularityNet, publicly apologized to his X followers for unauthorized posts on his X account. The intruder shared content with links to fraudulent websites and mentioned SingularityNET’s related crypto tokens.
Goertzel expressed regret to those who might have mistakenly clicked on the links, believing they originated from him. He explained that he had managed to regain control of his account following swift intervention by SingularityNet’s security team.
Based on this assumption, Hoskinson urged Musk to consider integrating Decentralized Identity (DID) into X, as he believed this would help prevent incidents of fraud and hacking. The CEO of Cardano was confident that this identity verification system would effectively address all related issues.
As a researcher focused on advancing technological innovation, I strongly believe that integrating Decentralized Identifiers (DIDs) into the current system, Elon, would bring about significant solutions to the existing issues. I’m eager and willing to contribute my resources towards making this happen at no cost.
— Charles Hoskinson (@IOHK_Charles) July 16, 2024
He proposed a free-of-charge provision for the service on X as part of the deal, should Musk approve its inclusion in their collaboration. This is among the significant advantages that the Cardano Founder anticipates from their alliance with Elon Musk.
Companies Considers DID Integration
Having worked in the tech industry for over a decade, I’ve seen my fair share of data breaches and identity theft cases. The frustration and anxiety that come with being a victim are indescribable. That’s why I strongly believe in the potential of DID (Decentralized Identifiers) solutions.
As a crypto investor, I’ve noticed that only a handful of companies and cryptocurrency protocols have integrated Decentralized Identification (DID) technology into their systems so far. MicroStrategy, for instance, is one of these pioneers with their solution, MicroStrategy Orange. Similarly, Sam Altman’s Worldcoin project aims to achieve the same goal using the Worldcoin Orb verification system.
The CEO of SingularityNet, Goertzel, explained that his individual X account was not overseen by SingularityNET, TrueAGI, or any other organization he’s affiliated with. He suspects that the recent merger between SingularityNet, Ocean Protocol, and Fetch.ai might have played a role in the hack that affected his account.
I’d recommend utilizing SingularityNet’s IT team’s proficient skills to enhance the security of my personal social media platforms in the future.
Read More
- BTC PREDICTION. BTC cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
- ETHW PREDICTION. ETHW cryptocurrency
- Ethereum (ETH) Crashes Dramatically, What’s Next? Solana (SOL) Can Still Reach $200, XRP Struggling Before $0.63 Test
- Cardano Enters Chang Hard Fork Era With Node 9.1.0 Upgrade
- Destiny 2 Player Transforms Their Warlock Into Team Fortress 2’s Medic
- ALPINE PREDICTION. ALPINE cryptocurrency
- Survival Horror Games With an Unkillable Enemy
- Marvel Rivals Players Aren’t Happy With The Gold Rank Competitive Reward
2024-07-16 23:13