Mark Zuckerberg, the CEO of Facebook says that he believes in decentralization and putting power in individuals ‘hands.’ He said this during the company’s Q4 2018 earnings call on January 31st.

During a conversation with RBC Capital Markets’ Mark Mahaney, he talked about data privacy and their goals for 2019. Mr. Mahaney asked whether he sees a future where individuals are compensated for sharing their data to Facebook and other companies. He has also asked whether this will be in the form of cryptocurrencies or in another way.

Mark Zuckerberg answered that this is very important for the company since they spend a lot of time thinking about it. According to him, he believes ‘very strongly in trying to decentralize and put power in individuals’ hands.

On the matter, he commented:

“I believe very strongly in trying to decentralize and put power in individual’s hands. That’s always been the first part of the mission of Facebook is giving people the power to share, to connect, to come together and build communities.”

One of the ways that he says that the company is thinking and talking about is decentralization and independent encryption. As people are starting to know and learn about how privacy works and how their data is handled, encryption is going to help users to be protected.

Facebook has been lately in the news due to the rumours related to the company releasing a new cryptocurrency for users of the popular messaging application WhatsApp. According to a report published by Bloomberg, the new token would be used to make money transfers within the application for individuals located in the Indian market.

The company is trying to improve users’ privacy with these implementations. However, it remains to be seen what Facebook will be doing to improve its services.

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