Technology giants are exploring blockchain and Facebook will not be left behind. According to reports, the company has promoted one of its senior engineers, Evan Cheng, as engineering director for its new blockchain division.
Activation of the blockchain division
Last May, the head of Facebook Messenger, David Marcus, had announced leaving the post to help the company explore the uses of blockchain technology.
“I’m setting up a small group to explore how to make the most of Blockchain through Facebook, starting from scratch,” Marcus announced via a post on his Facebook page. This came months after the announcement by Facebook CEO Mark Zuckerberg, who began exploring the possible uses of cryptocurrencies for Facebook. Blockchain is the support technology behind cryptocurrencies brought to fame by Bitcoin.
Joining Marcus is now another Facebook chief engineer.
We take the blockchain seriously
Now that one of his senior engineers has moved into the blockchain division, the social media giant looks more serious than ever. Evan Cheng’s LinkedIn profile supports his transfer as he recently became Blockchain’s engineering director. Previously, Cheng was known as the head of Facebook’s Programming and Runtime Languages. He had held the post for three years.
Previously, Cheng was with Apple and worked as a senior manager of Low-Level Tools. He also has experience in later engineering and compilation technology. Cheng’s career showed him a tweet about blockchain. In addition, he previously acted as a divider for various blockchain initiatives / projects such as ChainLink and Zilliqa.
“It means it is [Cheng’s promotion] not just an exploratory project, ”TechCrunch cited a source who controls blockchain space. According to the same source, putting Cheng in the blockchain division means the project is important because he knows one or two things about scalability and performance.
As of the first quarter of 2018, Facebook has more than 2 billion monthly active users worldwide, making it a likely target of security threats due to the large amount of valuable information it currently has. . In recent news, the company has been involved in various data breach scandals in which data from 87 million Facebook users was gathered and used in political campaigns. Despite this, the number of monthly users still increased by 13% compared to the first quarter of 2017. Seeing the significant impact of social media in today’s society, it’s time for Facebook and similar social networking sites to find ways to protect its users from unscrupulous manipulations.
Facebook’s step to explore blockchain can be one of the steps to solving these problems. With blockchain’s decentralized, unchanging design, it bodes well for streamlining processes and enhancing security for data handling in many industries.