Tech giants are exploring blockchain and Facebook or myspace will not become left behind. The organization has reportedly promoted one of its senior engineers, Evan Cheng, because the Representative of Engineering for its new blockchain division.
Powering the blockchain division
Previous May, Facebook Messenger head David Marcus, had announced making the post to aid the company discover the uses regarding blockchain technology.
“I’m developing a small party to explore how to best leverage Blockchain across Facebook, starting from scratch, ” Marcus announced via the post in the Facebook page. This particular came months right after the announcement of Facebook CEO Level Zuckerberg that he has started exploring the possible uses of cryptocurrencies for Myspace. blockchain wallet happens to be the underpinning technology right behind cryptocurrencies taken to recognition by Bitcoin.
Signing up for Marcus now could be an additional Facebook senior engineer.
Getting serious about blockchain
Now that one of its senior engineers has transferred to typically the blockchain division, the particular social network giant seems more serious than actually. Evan Cheng’s LinkedIn profile supports the transfer when he started to be the Director regarding Engineering for Blockchain recently. Previously, Cheng was called head of the Coding Languages & Runtimes for Facebook. He had held the write-up for three many years.
Before that, Cheng was with Apple company and worked while a Senior Office manager for Low-level Tools. He has encounter on back anatomist and compilation technologies. Cheng’s track record demonstrated him tweeting regarding blockchain. In addition , he previously served while divisor to several blockchain startups/projects like ChainLink and Zilliqa.
“It means it’s [Cheng’s promotion] not just a great exploratory project, very well TechCrunch quoted an origin who monitors the blockchain space. In line with the same source, getting Cheng in the blockchain division implies the project is important as they is aware of a thing or two about scalability and performance.
As of the first season of 2018, Facebook or myspace has over two billion monthly active users all throughout the world, which often makes it a likely target of protection threats for the particular vast amount of important information it at the moment holds. In the latest news, the corporation offers been involved throughout different data break the rules of scandals in which in turn data from 87 million Facebook consumers were gathered and used in politics campaigns. Despite this kind of, the amount of monthly users still increased by simply 13 percent as opposed with 2017’s initial quarter. Seeing typically the significant impact associated with social media within today’s society, this is high time that Facebook and even similar social network sites find ways to protect their users from unscrupulous adjustment.
Facebook’s move to explore blockchain might be one associated with the steps to handle these problems. Along with blockchain’s decentralized and even immutable design, it bodes well regarding streamlining processes since well as building up security for data managing across many companies.