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Facebook Has Quietly Set Up A Blockchain Division


According to a new report, Facebook has gone ahead with its biggest executive shakeup in the company’s 15-year history this week and has appointed new heads for WhatsApp, Messenger, and the main Facebook app. Other longtime executives have been given additional responsibilities one of which includes heading a new blockchain division that the company has quietly set up.

Facebook hasn’t really detailed its plans for blockchain but CEO Mark Zuckerberg did mention in a Facebook post some four months ago that he wants the company to “go deeper and study the positive and negative aspects of” cryptocurrencies, the digital currencies that are based on the blockchain technology.

Facebook has built a new team that’s dedicated to blockchain technology, according to Recode, which adds that David Marcus will be running this division. Marcus was previously in charge of Facebook Messenger and he’s leaving that post to look after the affairs of the new blockchain division.

Marcus revealed this himself in a post on Facebook, saying that he’s now taking on a new challenge which involves “setting up a small group to explore how to best leverage Blockchain across Facebook, starting from scratch.” It merits mentioning here that Marcus has considerable experience in the digital payments space given that he was previously the CEO of PayPal.

Blockchain enthusiasts will certainly be keeping a close eye on how Facebook intends to use this technology on its massive platform.

Facebook Has Quietly Set Up A Blockchain Division , original content from Ubergizmo. Read our Copyrights and terms of use.

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DJI has launched a modest update to its professional-tier Phantom 4 Pro drone. The new model, which is simply called the Phantom 4 Pro V2.0, brings a couple updates over the previous model, retaining the same design as the regular Pro 4, but with some important changes. The drone is available now with various bundle options, including one that has … Continue reading

US will test expanded drone use in 10 states

The US government is making good on its promise to expand the use of drones. The Department of Transportation has named the 10 projects that will participate in its Unmanned Aircraft Systems Integration Pilot Program, and they represent a wide swath…

Facebook Has Quietly Set Up A Blockchain Division


According to a new report, Facebook has gone ahead with its biggest executive shakeup in the company’s 15-year history this week and has appointed new heads for WhatsApp, Messenger, and the main Facebook app. Other longtime executives have been given additional responsibilities one of which includes heading a new blockchain division that the company has quietly set up.

Facebook hasn’t really detailed its plans for blockchain but CEO Mark Zuckerberg did mention in a Facebook post some four months ago that he wants the company to “go deeper and study the positive and negative aspects of” cryptocurrencies, the digital currencies that are based on the blockchain technology.

Facebook has built a new team that’s dedicated to blockchain technology, according to Recode, which adds that David Marcus will be running this division. Marcus was previously in charge of Facebook Messenger and he’s leaving that post to look after the affairs of the new blockchain division.

Marcus revealed this himself in a post on Facebook, saying that he’s now taking on a new challenge which involves “setting up a small group to explore how to best leverage Blockchain across Facebook, starting from scratch.” It merits mentioning here that Marcus has considerable experience in the digital payments space given that he was previously the CEO of PayPal.

Blockchain enthusiasts will certainly be keeping a close eye on how Facebook intends to use this technology on its massive platform.

Facebook Has Quietly Set Up A Blockchain Division , original content from Ubergizmo. Read our Copyrights and terms of use.