Confirming long-held rumors of their interest in blockchain, Facebook has now appointed one of their senior software engineers to the position of Director of Engineering, Blockchain.
The social media giant has been in the news lately for their decision to reverse a blanket ban on cryptocurrency advertising on their platform. Now it would appear they are embracing blockchain technology in all its glory.
A few months ago they hinted at delving into the technology when the chief of their Messenger app left his post to explore blockchain solutions for the company full time.
Their new Director of Blockchain is Even Cheng, previously head of Programming Languages and Runtime for the past three years. He is also a former employee of Apple, where he worked as a back-end engineer.
It’s possible the move is a tactic by Facebook founder and CEO Mark Zuckerberg to improve the image of the platform following the Cambridge Analytica data breach scandal that saw 87 million users private data leaked in 2015. The true nature and extent of the leak were only revealed in March this year.
The Securities and Exchange Commission (SEC) is the most recent agency to launch a probe into the breach, following that of the FBI, Justice Department and Federal Trade Commission.
In the midst of the ongoing legal battle, Zuckerberg stated earlier this year his interest in cryptocurrency and how its decentralized nature can take power from centralized systems and put it back in the hands of the people.
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