Ultimately, Twitter hopes to be a client of the new standard. Dorsey explained that Twitter was once more open but has become increasingly centralized. That poses a few problems, like making it difficult to enforce global policies addressing abuse and misinformation.
"Second, the value of social media is shifting away from content hosting and removal, and towards recommendation algorithms directing one's attention," Dorsey wrote in the series of tweets. "Unfortunately, these algorithms are typically proprietary, and one can't choose or build alternatives. Yet."
Dorsey notes that new technologies like blockchain make a decentralized approach more viable.
The Twitter-funded team won't work alone. "We'd expect this team not only to develop a decentralized standard for social media, but to also build open community around it, inclusive of companies & organizations, researchers, civil society leaders, all who are thinking deeply about the consequences, positive and negative," Dorsey says.
Of course, this won't happen overnight. Dorsey predicts it will take years to develop. Naturally, many Twitter users are already skeptical.