Twitter CEO Jack Dorsey told Congress on Wednesday that the social media giant is looking at blockchain to potentially help it fight fraud.

Good evening. I'm Stan Higgins, and this is late confirmation from CoinDesk, bringing you the top stories from September 6th.

IBM is working with an organization that advocates for the creation of a new human right, the right to

data ownership. And finally, officials in China are looking to use blockchain as part of a

system for tracking the movement of convicts. And today we'll also speak with CoinDesk research

analyst Peter Ryan about the recent market downturn for cryptocurrencies. You know, people are

scratching their heads as to why did

this happen. Is there a reason or is this just part of the natural cycle of crypto? But first,

a word from our sponsor. Master Financial Technology Online with the 10-week Oxford FinTech program,

interacting with an international cohort of business leaders and over 60 guest experts.

You'll gain a practical introduction to key financial technologies and their business applications.

Find out more at Oxfordexecfintech.com.

Twitter CEO Jack Dorsey appeared before two congressional committees on Wednesday, one in the

House, another in the Senate, to address issues ranging from Russian election interference

to alleged anti-conservative bias.

Dorsey was asked about potential applications for blockchain with a specific mention to the

crypto scams that are prevalent on social media platforms like Twitter. In response, Dorsey, who is also

the CEO of the Payment Platform Square, said that people in the company are working on such

issues, but that, quote, we haven't gone as deep as we'd like just yet in understanding how we might apply this

technology to the problems we're facing at Twitter. What this indicates is that, yes, the social

media company is looking at potentially applying the technology, but how and where remains to be

seen. Tech giant IBM is pursuing another blockchain-based data play, but this project has a decidedly

...