Could blockchain power a new type of truly connected social network? The technology is often referred to as a peer-to-peer distributed framework, which is secure enough for the
Department of Defense to consider it. These properties would appear to lend themselves to social networking.
At least, that’s what the founders of Finnish project
Helios think. Work started in January on the initiative to create a scalable, private, and dynamic blockchain-based platform for sharing and communication. The aim is to build trust into the platform by design and mirror a real-life social experience. Crucially, it would be decentralized.
Helios is entirely funded by a three year EU grant to the tune of €5 million and is headed by the VTT Research Centre of Finland. The project involves six European universities, including Pisa, Helsinki, and Trinity College Dublin. It also boasts prestigious research centers CERTH, LINKS Foundation, and startup Nagoon along with media firms GRA and Swiss TXT.
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