Technical giants are exploring the blockchain and Facebook will not lag behind. The company reportedly promoted one of its senior engineers, Evan Cheng, as director of engineering for its new blockchain department.
Include blockchain division
Last May, Facebook Messenger chief David Marcus announced his resignation to help the company investigate the use of blockchain technology.
“I’m setting up a small group to explore how to make the most of Blockchain on Facebook, starting from scratch,” Marcus announced in a post on his Facebook page. This came months after Facebook CEO Mark Zuckerberg announced that he had begun researching the possible use of cryptocurrencies for Facebook. Blockchain happens to be the main technology behind the cryptocurrencies that brought Bitcoin to fame.
Marcus has now been joined by another Facebook engineer.
Seriously dealing with blockchain
Now that one of his senior engineers has moved into the blockchain department, the social media giant looks more serious than ever. Evan Cheng’s linkedIn profile supports his transfer as he recently became director of engineering for Blockchain. Prior to that, Cheng was known as the head of Programming Languages and Runtime for Facebook. He held that position for three years.
Prior to that, Cheng was at Apple and worked as a senior manager for low-level tools. He also has experience in engineering and compilation technology. Cheng’s files showed him tweeting about the blockchain. In addition, it previously served as a division into several blockchain startups / projects such as ChainLink and Zilliq.
“It simply came to our notice then [Cheng’s promotion] not just a research project, ”TechCrunch quoted a source who oversees blockchain space. According to the same source, putting Cheng in the blockchain department means the project is important because he knows something about scalability and performance.
As of the first quarter of 2018, Facebook has over 2 billion active users per month worldwide, making it a likely target of security threats due to the large amount of valuable information it currently possesses. In recent news, the company has been involved in various data breach scandals in which data was collected from 87 million Facebook users and used in political campaigns. Despite this, the number of monthly users continued to increase by 13 percent compared to the first quarter of 2017. Seeing the significant impact of social media in today’s society, it is high time that Facebook and similar social networking sites find ways to protect their users from unscrupulous manipulations.
Facebook’s move in blockchain research could be one of the steps to address these issues. With a decentralized and unchanging blockchain design, it serves to streamline processes as well as strengthen security for data handling in many industries.