Facebook Increases Focus on Blockchain with One of its Most Senior Engineers

In a major move, Facebook increases focus on blockchain as one of its most senior engineers, Evan Cheng becomes Director of Engineering Blockchain. Following the backlash from the Facebook data scandal, industry experts say the social networking behemoth may be leveraging blockchain technology to help users control, or even monetise their data. The ‘tech’ industry is rife with speculation, as Cheng’s specialist knowledge on performance and scalability indicates the potential of the project. Cheng joins the Blockchain Team headed up by former president of Paypal David Marcus.

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Zuckerberg Dedicates Top Execs to New Facebook Blockchain Team

Zuckerberg moves highest ranking executives to build a Facebook Blockchain Team, marking the biggest restructuring in the companies history. The team head will be David Marcus, former President of Paypal and currently a Board Member of Coinbase, the popular digital currency exchange. Cryptocurrency related products have seen an uptake from millennials, and could potentially disrupt his networking market. However, with a board that includes venture capitalists Marc Andreessen and Peter Thiel, very active investors in blockchain, Facebook is not to be underestimated.

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