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Facebook Ramps Up Its Blockchain Division

Tech giants are exploring blockchain and Facebook are not left behind. The company has reportedly promoted among its senior engineers, Evan Cheng, as being the Director of Engineering because of its new blockchain division.

Powering within the blockchain division

Last May, Facebook Messenger head David Marcus, had announced leaving the post to assist the company explore the uses of blockchain technology.

“I’m creating small group to discover how to best leverage Blockchain across Facebook, beginning from scratch,” Marcus announced using a post as part of his Facebook page. This came months following announcement of Facebook CEO Mark Zuckerberg that they has started studying the possible uses of cryptocurrencies for Facebook. Blockchain is actually the underpinning technology behind cryptocurrencies exposed to fame by Bitcoin.

Joining Marcus now could be another Facebook senior engineer.

Getting seriously interested in blockchain

Now that among its senior engineers has moved to the blockchain division, the online community giant appears much more serious than ever. Evan Cheng’s LinkedIn profile supports his transfer because he became the Director of Engineering for Blockchain recently. Previously, Cheng was called head on the Programming Languages & Runtimes for Facebook. He had held the post for three years.

Before that, Cheng was with Apple and worked as being a Senior Manager for Low Level Tools. He also knowledge on back engineering and compilation technology. Cheng’s qualifications showed him tweeting about blockchain. In addition, he previously served as divisor to many blockchain startups/projects like ChainLink and Zilliqa.

“It means it’s [Cheng’s promotion] besides an exploratory project,” TechCrunch quoted an origin who monitors the blockchain space. According to the same source, putting Cheng within the blockchain division means the project is significant because he knows something about scalability and satisfaction.

As in the first quarter of 2018, Facebook has over 2 billion monthly active users all over the world, rendering it a likely target of security threats for that vast amount of valuable information it currently holds. In recent news, the corporation has been included in different data breach scandals through which data from 87 million Facebook users were gathered and employed in political campaigns. Despite this, how many monthly users still increased by 13 percent compared to 2017’s first quarter. Seeing the running impact of social websites in today’s society, it can be high time that Facebook and similar social media sites find approaches to protect their users from unscrupulous manipulation.

Facebook’s move to discover blockchain may be considered one of the steps to treat these problems. With blockchain’s decentralized and immutable design, it bodes well for streamlining processes along with strengthening to safeguard data handling across many industries.

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