Technology giants study blockchain և Facebook will not lag behind. The company has reportedly hired one of its senior engineers, Evan Cheng, as the director of engineering for its new blockchain division.
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Strengthening the blockchain department
Last May, the head of Facebook Messenger, David Marcus, announced his resignation to help the company detect the use of blockchain technology.
“I’m creating a small group to study how to best use Blockchain on Facebook from scratch,” Marcus said in a post on his Facebook page. It came months after Facebook CEO Mark Zuckerberg announced that he was exploring the possible use of cryptocurrencies for Facebook. Blockchain is apparently the technology behind cryptocurrencies that has become popular with bitcoin.
Joining Marcus is now another senior Facebook engineer.
Take blockchain seriously
Now that one of his senior engineers has moved to the blockchain department, the social media giant seems more serious than ever. Evan Cheng’s LinkedIn profile supports his move, as he recently became Blockchain’s engineering director. Cheng was previously known as the head of Facebook’s programming language R Runtimes. He had held that position for three years.
Prior to that, Cheng was at Apple և worked as a senior manager at Low Level Tools. He also has experience in the field of engineering and compilation technologies. Cheng’s story shows that he tweets about the blockchain. In addition, he has previously served as a divider for several blockchain startups / projects, such as ChainLink և Zilliqa.
“It simply came to our notice then [Cheng’s promotion] not just as an exploration project, ”TechCrunch quoted a source who controls the blockchain area as saying. According to the same source, putting Cheng in the blockchain section of the asset project is important because he knows a thing or two about scalability and performance.
As of the first quarter of 2018, Facebook has more than 2 billion monthly active users worldwide, which makes it a target of security threats for the huge amount of valuable information it currently has. In recent news, the company has been involved in various data breach scandals, in which the data of 87 million Facebook users were collected and used in political campaigns. Despite that, the number of monthly users has still increased by 13% compared to the first quarter of 2017. Given the significant impact of social media on today’s society, it’s time for Facebook և similar social networking sites to find ways to protect their users from unscrupulous manipulation.
Facebook’s move to explore the blockchain could be one of the steps to address these issues. Due to the decentralized, unchanged design of the blockchain, it promises to simplify processes as well as strengthen data processing security in many areas.