Can Blockchain and Crypto be the Solution for Trump’s Ire US Tech Giants?

US President Donald Trump has been vocally critical of major technology companies Amazon, Facebook, Google and Twitter due to their assumed leftist position. While the tech giants have a near monopoly over cyberspace, occupying the leading front for e-commerce shopping to search engine use to social media, which many argue are too large to offer competition into their market share.
The POTUS conducted an interview with Bloomberg’s editor-in-chief John Micklethwait, in the Oval Office, were President Trump berated the companies for suppressing conservatives in favor of their liberal standpoint.

In addressing Amazon, Facebook and Google, Trump said:
“As you know, many people think it is a very anti-trust situation, the three of them. But I just, I won’t comment on that.”

Micklethwait commented, “Trump keeps bashing” the tech firms that are driving the stock market, a move into the upward trend which President Trump claims is due to his tremendous leadership and business acumen to create a strong US economy.
Last Tuesday August 28, 2018, the President professed that Google’s news search function promotes fake news and that it victimizes conservative media.
In a Twitter post, Trump tweeted:

“Google search results for “Trump News” shows only the viewing/reporting of Fake News Media. In other words, they have it RIGGED, for me & others, so that almost all stories & news is BAD. Fake CNN is prominent. Republican/Conservative & Fair Media is shut out. Illegal?
….results on “Trump News” are from National Left-Wing Media, very dangerous. Google & others are suppressing voices of Conservatives and hiding information and news that is good. They are controlling what we can & cannot see. This is a very serious situation-will be addressed!”

“Google has really taken advantage of a lot of people and I think that’s a very serious thing and it’s a very serious charge,” Trump told reporters following a meeting with the president of FIFA. “They better be careful because they can’t do that to people.”
Micklethwait’s interview led Trump to saying that the tech firms may be in a “very antitrust situation” but remained reserved as to whether or not the assumed monopoly should be broken up. “I won’t comment on the breaking up, of whether it’s that or Amazon or Facebook,.”
The Trump administration has not given any proof to his claims that Google search engine is rigged against the POTUS or if Google, Facebook and Twitter are actually “treading on very, very troubled territory”.

In terms of how blockchain technology can alleviate the Presidents concerns, these tech giants a utilize a centralization of digital information and the goal for many leading blockchain-based platforms is to establish a decentralized internet.
The developing blockchain networks are a threat to tech giants strangle hold on the market, with the nascent technology created new digital ecosystems where power is given back to the people to have authority and the ability to monetize their personal data and creative content. Using decentralized digital ledgers and the various cryptocurrencies, they aim to avoid any anti-trust legislation.

Their platforms are expose the inability of the US government to control corporations that consume competing companies, sit on patents, hoard data, generate massive wealth and consolidate power by evolving technologies that cannot be attained by the bureaucracy that slows government adoption.
On Thursday August 30, 2018, Republican Senator Orrin Hatch of Utah requested that U.S. Federal Trade Commission Chairman Joseph Simons to investigate Google’s practices once again.
Senator Hatch writes,
“I write to express my concern about recent reports on Google’s search and digital advertising practices. In the past, Google has placed restrictions on publishers’ displaying search advertisements from its competitors…
Other reports have highlighted the fact that Google has, on occasion, decided to remove from its platforms legal businesses that the company apparently does not agree with. Moreover, in the past several months, several of my Senate colleagues wrote to Alphabet, Google’s parent company, regarding its data collection by Android mobile operating system and privacy practices for Gmail users’ data, including Google’s practice of giving third-party app developer access to the actual content of the emails.”
Alphabet, Google’s parent company, released a statement about the unbiased nature of their search engine:
“When users type queries into the Google Search bar, our goal is to make sure they receive the most relevant answers in a matter of seconds. Search is not used to set a political agenda and we don’t bias our results toward any political ideology. Every year, we issue hundreds of improvements to our algorithms to ensure they surface high-quality content in response to users’ queries. We continually work to improve Google Search and we never rank search results to manipulate political sentiment.”