Facebook Ramps Up Its Blockchain Division With New Chief

Tech giants are exploring blockchain and Facebook will now not be left in the back of. The company has reportedly promoted certainly one of its senior engineers, Evan Cheng, because the Director of Engineering for its new blockchain division.

Powering up the blockchain division

Last May, Facebook Messenger head David Marcus, had announced leaving the post to assist the agency discover the makes use of of blockchain technology.

“I’m putting in a small institution to discover a way to mpc wallet exceptional leverage Blockchain across Facebook, beginning from scratch,” Marcus announced via a post in his Facebook page. This came months following the assertion of Facebook CEO Mark Zuckerberg that he has started exploring the viable makes use of of cryptocurrencies for Facebook. Blockchain occurs to be the underpinning era at the back of cryptocurrencies added to fame via Bitcoin.

Joining Marcus now is any other Facebook senior engineer.

Getting critical about blockchain

Now that considered one of its senior engineers has transferred to the blockchain division, the social networking giant seems extra critical than ever. Evan Cheng’s LinkedIn profile supports his switch as he have become the Director of Engineering for Blockchain currently. Previously, Cheng was referred to as head of the Programming Languages & Runtimes for Facebook. He had held the put up for 3 years.

Before that, Cheng turned into with Apple and worked as a Senior Manager for Low Level Tools. He also has revel in on back engineering and compilation era. Cheng’s song document showed him tweeting approximately blockchain. In addition, he formerly served as divisor to numerous blockchain startups/projects like ChainLink and Zilliqa.

“It manner it is [Cheng’s promotion] no longer simply an exploratory task,” TechCrunch quoted a supply who video display units the blockchain space. According to the equal supply, putting Cheng in the blockchain division method the task is crucial because he knows a element or approximately scalability and performance.

As of the first zone of 2018, Facebook has over 2 billion monthly lively users all the world over, which makes it a probable target of security threats for the enormous quantity of precious statistics it currently holds. In recent news, the organization has been involved in unique information breach scandals wherein facts from 87 million Facebook customers had been gathered and used in political campaigns. Despite this, the wide variety of monthly customers still elevated by means of 13 percentage as compared with 2017’s first sector. Seeing the sizable impact of social media in today’s society, it is excessive time that Facebook and similar social networking websites locate approaches to defend their customers from unscrupulous manipulation.

Facebook’s move to discover blockchain can be one of the steps to cope with these troubles. With blockchain’s decentralized and immutable layout, it bodes nicely for streamlining approaches in addition to strengthening security for facts managing across many industries.