Sat. Oct 1st, 2022

Tech giants are checking out blockchain and Facebook or myspace will not be left behind. The company has reportedly advertised one of the senior engineers, Evan Cheng, as the Director of Engineering regarding its new blockchain division.

Powering the blockchain division

Last May, Facebook Messenger head David Marcus, had announced making the post to help the company check out the uses regarding blockchain technology.

“I’m making a small group to explore the way to best leverage Blockchain across Facebook, starting from scratch, ” Marcus announced via the post in his Facebook page. This specific came months following the announcement associated with Facebook CEO Mark Zuckerberg that this individual has started exploring the possible uses involving cryptocurrencies for Myspace. Blockchain actually is typically the underpinning technology powering cryptocurrencies delivered to fame by Bitcoin.

Becoming a member of Marcus now could be another Facebook senior manufacture.

Getting interested in blockchain

Now that one of its senior engineers features transferred to the blockchain division, the particular social media giant appears more severe than ever before. Evan Cheng’s LinkedIn profile supports his transfer as he grew to be the Director of Engineering for Blockchain recently. Previously, Cheng was generally known as brain of the Encoding Languages & Runtimes for Facebook. He had held the article for three decades.

Before that, Cheng was with Apple company and worked because a Senior Manager for Low-level Tools. He also has expertise on back anatomist and compilation technology. Cheng’s background demonstrated him tweeting regarding blockchain. In addition , they previously served as divisor to many blockchain startups/projects like ChainLink and Zilliqa.

“It means it’s [Cheng’s promotion] not just a good exploratory project, ” TechCrunch quoted a source who monitors typically the blockchain space. According to blockchainappfactory.com/white-label-nft-marketplace , setting Cheng in the particular blockchain division indicates the project is usually important as they is aware of a thing or perhaps two about scalability and performance.

As of the first fraction of 2018, Myspace has over a couple of billion monthly dynamic users all around the world, which in turn makes it a possible target of security threats for the large amount of useful information it presently holds. In current news, the organization offers been involved throughout different data break scandals in which data from 87 million Facebook consumers were gathered in addition to used in politics campaigns. Despite this specific, the quantity of monthly consumers still increased simply by 13 percent compared with 2017’s initial quarter. Seeing the significant impact involving social media in today’s society, it is high moment that Facebook plus similar social social networking sites find strategies to protect their customers from unscrupulous adjustment.

Facebook’s move to explore blockchain might be one of things to deal with these problems. Along with blockchain’s decentralized in addition to immutable design, it bodes well for streamlining processes because well as strengthening to safeguard data managing across many industries.

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