Ripple CTO, David Schwartz shared on Twitter an concept that he conceived manner again in 2011. “I used to be going by some outdated recordsdata and located this provisional patent utility that I filed manner again in 2011. By no means went additional with it. ‘Social Networking Entrance Finish for Cloud Storage,’ ” he acknowledged.

I used to be going by some outdated recordsdata and located this provisional patent utility that I filed manner again in 2011. By no means went additional with it. “Social Networking Entrance Finish for Cloud Storage” pic.twitter.com/DZCnL3al7v

— David “JoelKatz” Schwartz (@JoelKatz) January 24, 2023

In accordance with the screenshot shared by the Ripple CTO, the invention was each a cloud storage resolution and a social networking utility.

The thought behind the invention was to enhance ease of use in backing up and sharing consumer data by presenting a cloud storage system in a well-recognized type. 

“Chores that may be advanced and technical are carried out by presenting the consumer with the acquainted interface of social networking video games. This additionally permits a cloud storage system to reap the benefits of the identical enterprise mannequin that social networking video games make use of,” the doc reads.

Social media platform Twitter was created in March 2006 and launched that July, whereas Fb (now Meta) was launched earlier, in February 2004. Thus, Schwartz’s concept could have been so as to add a contact of distinction to an present innovation.

Why Schwartz deserted concept

Requested by a consumer why he forgot this stunning concept, which might have made waves all over the world, Schwartz answered, “I do not keep in mind. In reality, after I found the recordsdata at present, I needed to learn them intently to recollect what the concept was.”

Years after David Schwartz had forgotten about his concept, decentralized cloud storage options reminiscent of Storj, Filecoin, Siacoin and Arweave got here onto the scene.

The 12 months 2011 was vital within the historical past of XRPL as Arthur Britto, David Schwartz and Jed McCaleb started engaged on XRP Ledger. Schwartz made his first dedication in November 2011.

Thus, the Ripple CTO may need shelved his concept to give attention to XRPL, which birthed XRP, the sixth largest cryptocurrency on the planet.

As reported by U.Immediately, David Schwartz says he may have been a part of “Satoshi” — a small group of folks that created Bitcoin — however sadly, he solely came upon in regards to the world’s first cryptocurrency again in 2011.