The tech giants are exploring the blockchain and Facebook will not be abandoned. The company has reportedly promoted one of its senior engineers, Evan Cheng, to director of engineering for its new blockchain division.
Turn on the blockchain division
Last May, Facebook Messenger CEO David Marcus announced he was leaving the post to help the company explore the use of blockchain technology.
“I’m creating a small group to explore how best to use Blockchain on Facebook, starting from scratch,” Marcus said in a post on his Facebook page. This came months after Facebook CEO Mark Zuckerberg announced that he had begun researching possible uses of cryptocurrencies for Facebook. Blockchain is proving to be the main technology behind the cryptocurrencies brought to fame by Bitcoin.
Joining Marcus is now another senior engineer on Facebook.
Take blockchain seriously
Now that one of his senior engineers has joined the blockchain division, the social networking giant looks more serious than ever. Evan Cheng’s LinkedIn profile supports his transfer, as he recently became director of engineering for Blockchain. Cheng was previously known as the head of Language and Time Programming for Facebook. He has held the post for three years.
Cheng had previously been at Apple and worked as a senior low-level tool manager. He also has experience in engineering and compilation technology. Cheng’s record shows him writing on Twitter about a blockchain. In addition, he has previously served as a distributor to several blockchain startups / projects such as ChainLink and Zilliqa.
“It simply came to our notice then [Cheng’s promotion] not just a research project, “TechCrunch cites a source who monitors the blockchain space. According to the same source, placing Cheng in the blockchain division means the project is important because he knows something or two 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 for the vast amount of valuable information it currently stores. In recent news, the company has been embroiled in various data breach scandals in which data from 87 million Facebook users has been collected and used in political campaigns. However, the number of monthly users has still increased 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 Facebook and similar social networking sites found ways to protect their users from unscrupulous manipulations.
Moving Facebook to blockchain research can be one step in solving these problems. With the decentralized and unchanging design of the blockchain, it makes it possible to streamline processes as well as to strengthen security in data processing in many industries.