Tech giants are exploring blockchain and Facebook is not going to be left behind. The firm has reportedly promoted considered one of its senior engineers, Evan Cheng, because the Director of Engineering for its new blockchain division.
Powering up the blockchain division
Last May, Facebook Messenger head David Marcus, had introduced leaving the put up to assist the corporate discover the makes use of of blockchain know-how.
“I’m organising a small group to discover the best way to finest leverage Blockchain throughout Facebook, ranging from scratch,” Marcus introduced through a put up in his Facebook web page. This got here months following the announcement of Facebook CEO Mark Zuckerberg that he has began exploring the attainable makes use of of cryptocurrencies for Facebook. Blockchain occurs to be the underpinning know-how behind cryptocurrencies dropped at fame by Bitcoin.
Joining Marcus now could be one other Facebook senior engineer.
Getting severe about blockchain
Now that considered one of its senior engineers has transferred to the blockchain division, the social networking big seems extra severe than ever. Evan Cheng’s LinkedIn profile helps his switch as he grew to become the Director of Engineering for Blockchain not too long ago. Previously, Cheng was often called head of the Programming Languages & Runtimes for Facebook. He had held the put up for 3 years.
Before that, Cheng was with Apple and labored as a Senior Manager for Low Level Tools. He additionally has expertise on again engineering and compilation know-how. Cheng’s observe report confirmed him tweeting about blockchain. In addition, he beforehand served as divisor to a number of blockchain startups/tasks like ChainLink and Zilliqa.
“It means it is [Cheng’s promotion] not simply an exploratory undertaking,” TechCrunch quoted a supply who screens the blockchain house. According to the identical supply, placing Cheng within the blockchain division means the undertaking is essential as a result of he is aware of a factor or two about scalability and efficiency.
As of the primary quarter of 2018, Facebook has over 2 billion month-to-month energetic customers all internationally, which makes it a probable goal of safety threats for the huge quantity of beneficial info it presently holds. In current information, the corporate has been concerned in several information breach scandals through which information from 87 million Facebook customers have been gathered and utilized in political campaigns. Despite this, the variety of month-to-month customers nonetheless elevated by 13 p.c in contrast with 2017’s first quarter. Seeing the numerous influence of social media in in the present day’s society, it’s excessive time that Facebook and comparable social networking websites discover methods to guard their customers from unscrupulous manipulation.
Facebook’s transfer to discover blockchain could also be one of many steps to deal with these issues. With blockchain’s decentralized and immutable design, it bodes nicely for streamlining processes in addition to strengthening safety for information dealing with throughout many industries.
