Frank McCourt, who runs Project Liberty and the blockchain network Frequency, sees TikTok as the perfect solution to the decentralized model of the internet. He wants to merge TikTok with , to give users, not corporations, control over data, algorithms, and privacy.
McCourt believes this will allow TikTok’s broad user base to fully leverage the potential of blockchain technology, which will bring greater value to both creators and users.
TikTok, a popular social media platform with more than 1.5 billion monthly busy users, has been labeled a potential Chinese spy tool by the U.S. government, leading to calls for its parent company, ByteDance, to divest its U.S. operations.
With about 150 million users in the U.S., McCourt unexpectedly took up a bid to acquire TikTok and merge it with Polkadot.
According to Alpha Airdrop, McCourt’s interest in TikTok fits into his broader strategy of using blockchain technology to decentralize internet governance.
McCourt’s Liberty Project has already announced plans to bring TikTok to the blockchain using Polkadot’s infrastructure. McCourt believes this strategy could turn TikTok into a test case for blockchain’s ability to handle data ownership and privacy issues on a massive scale.
However, the Alpha Airdrop analyst says the challenge is enormous.
TikTok’s massive data load, with about 34 million videos uploaded daily, is complex for any blockchain to handle, he added. Most blockchains struggle with such intensive data processing, often experiencing slowdowns or interruptions, even for simpler tasks.
However, McCourt is confident that Polkadot, especially with the upcoming 2.0 updates, can handle it. These updates are designed to make Polkadot more scalable, allowing it to run applications at scale without sacrificing performance.
McCourt’s initiative, dubbed “People’s Bid,” aims to integrate TikTok with Frequency, a decentralized protocol that has already been successfully tested on social media app MeWe, which has more than 20 million users.
Polkadot, created by co-founder Gavin Wood, is currently the leading platform for decentralized applications. Its design allows multiple specialized blockchains to run simultaneously, making it more effective at handling vast amounts of data.