Facebook Adds ‘Director of Blockchain Engineering’ to Team

Facebook Adds ‘Director of Blockchain Engineering’ to Team
фото показано с : btcmanager.com

2018-7-12 02:00

After Facebook went back on the decision to ban all cryptocurrency ads, they have since made a major human resources-related decision to promote one of their veteran developers, Evan Cheng, to head of blockchain engineering. The news comes after announcements that Facebook was closely inspecting the decentralized infrastructure of the blockchain.

The Facebook team has been exploring decentralized infrastructures and potential blockchain technologies for some time now. After the social media giant received major backlash for banning all cryptocurrency-related ads on their platform, Facebook backpedaled on the decision and re-enabled cryptocurrency advertisements. The act was quite surprising to many, though others started speculating that Facebook was pro-crypto almost immediately.

Now that Facebook has officially created the position of ‘Director of Blockchain Engineering’ and promoted their former head of programming languages and runtimes, Evan Cheng, to the position, speculation continues as to what the role of blockchain will be for the company. Per his LinkedIn profile, Cheng is a three year veteran at Facebook. Prior to his positions at Facebook, Cheng spent nearly 10 years at Apple, working in low-level programming positions. Prior to that, he graduated from Syracuse University with a Computer Science degree.

Facebook’s move indicates that it’s silently upgrading it’s blockchain arsenal and attempting to move into the field. Whether that means heading a sector that’s focused on maintaining cryptocurrency, or strictly emphasizing distributed ledger technology is unclear as of now.

Facebook and the Cryptocurrency Speculation

Prior to the Cambridge Analytica data scandal, there was information that indicated the Facebook associate was planning to launch an ICO. It seems that its plans were halted, though, and the entire blockchain project-sector was placed on a sudden pause. This prompted many to believe that Facebook had ICO plans of their own that had to be stopped because of the impending pressure from regulators.

Although most of the claims are pure speculation, many have believed that a partnership between Facebook and Coinbase could be in the works. Coinbase has seen its team and overall business expanding to various parts of the globe, which has prompted many to believe it is getting ready for some large announcements this year. This speculation also comes shortly after David Marcus, head of Facebook’s “Messenger” app, joined Coinbase’s board of directors this past December.

A Symbiotic Relationship Between Facebook and Cryptocurrency

Many believe that Facebook and cryptocurrency could actually be the perfect match for one another. Facebook is an online portal with many pay-for-play services, but no inclusive digital payment method. Facebook launching its own cryptocurrency could theoretically increase the social media giant’s exposure to a global audience through the usage of limitless and instant digital currencies. Facebook would not be the first social media or messenger service to look into cryptocurrencies as a solution; Telegram held a private ICO earlier this year, with massive success.

Studies have even shown that social media, factually, has influence upon cryptocurrency prices, which raises the question of whether the inclusion of the biggest cryptocurrency in the world in this sector would create some new stability. Facebook has many games on its platform where real-life payments are accepted; however, the slow processing, wiring, and transaction times and fees have always proven to be a roadblock in its overall growth. The introduction of a cryptocurrency to the social media platform would bring ease, immutability, and speed to billions of internet users daily.

The post Facebook Adds ‘Director of Blockchain Engineering’ to Team appeared first on BTCMANAGER.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Decision Token (HST) на Currencies.ru

$ 0.0118839 (+0.39%)
Объем 24H $700.371k
Изменеия 24h: -23.86 %, 7d: -63.45 %
Cегодня L: $0.0113135 - H: $0.0147485
Капитализация $380.593k Rank 999999
Цена в час новости $ 0.448074 (-97.35%)

facebook blockchain team engineering decision director decentralized

facebook blockchain → Результатов: 46


Facebook’s Crypto Division Might Build a Blockchain Identity System: Mark Zuckerberg

Weighed down by countless accusations of user-data violations, crypto-curious Facebook has signaled that it could turn to blockchain technology for some tasks. In a video discussion, Facebook’s CEO Mark Zuckerberg told Harvard Law professor Jonathan Zittrain, that the social media giant could integrate blockchain technology into the platform’s login and data sharing systems.

2019-2-22 20:38


Фото:

Exploring the Chances of a facebook Cryptocurrency

The past few days has seen several publications and crypto enthusiasts notice that the popular social media giant of facebook has advertised 5 job vacancies related to blockchain technology. The open positions are all based in the company’s headquarters of Menlo Park, California, and are as follows: Data Scientist, Blockchain Data Engineer, Blockchain Software Engineer, […] The post Exploring the Chances of a facebook Cryptocurrency appeared first on Ethereum World News.

2018-12-10 13:56


Фото:

Facebook Director of Engineering transfer to same posture at Company’s Blockchain

Evan Cheng, Facebook’s Director of Engineering of three years, has now moved to the same position at the company’s recently established blockchain team, TechCrunch reported Friday, July 6. The software engineer has updated his LinkedIn profile to reflect the newly acquired position, and the change has also been confirmed to TechCrunch by Facebook. Prior to

2018-7-7 20:34


Фото:

Facebook Reshuffle Structure To Further Compliment Blockchain Research

Reports out today suggest that social media giants Facebook have embarked on a major structural reshuffle in order to enhance their new blockchain research project. We now know that Facebook have established a blockchain research working group in order to investigate and research the implications of blockchain technologies both within Facebook and within the wider community.

2018-7-6 17:30


Facebook официально разрешил рекламу криптовалют!

Компания Facebook приняла решение отказаться от блокировки рекламы цифровых валют, но популяризация ICO проектов, бинарных контрактов как и ранее останутся под запретом. Об этих решениях общественности сообщил Р.

2018-7-1 12:30


Facebook blanket ban on crypto ads a “poor approach” to new ideas

Off the back of news that Facebook is reversing its crypto ad ban, see below for commentary from some of the blockchain and crypto industry’s most renowned experts. Iqbal Gandham, UK Managing Director at eToro, global investment platform said: TheDigitalArtist / Pixabay “We have always advocated for a more sophisticated approach to cryptocurrency advertising, as […]

2018-6-28 09:21


Шифруйся грамотно! Почему мессенджеры не защитят тайну твоей переписки

Вряд ли сегодня можно встретить человека, который бы не обменивался интернет-сообщениями: сотни миллионов устройств ежедневно получают десятки миллиардов сообщений по всему миру. Приложения WhatsApp, Skype, Viber, ICQ, Facebook, Google Hangouts и около десятка других мессенджеров предоставляют своим пользователям возможности оперативной коммуникации.

2018-6-19 12:57