Facebook’s Crypto Division Might Build a Blockchain Identity System: Mark Zuckerberg
Weighed down by countless accusations of user-data violations, crypto-curious Facebook has signaled that it could turn to blockchaintechnology for some tasks.
In a video discussion, Facebooks CEO Mark Zuckerberg told Harvard Law professor Jonathan Zittrain, that the social media giant could integrate blockchain technology into the platforms login and data sharing systems.
This would allow developers to build applications and features without having to worry about losing access if they violated third-party policy:
For developers, one of the things that is really troubling about working with our system, or Googles system for that matter, or having to deliver services through Apples App Store is that you dont want to have an intermediary between serving the people who are using your service and you.
Recently, the iPhone maker revoked Facebooks Enterprise Certification, effectively banning the social media giants Research app from the App Store.
While noting the potential of decentralized systems to empower individuals, Zuckerberg pointed out that enforcing accountability would be much harder:
Though Zuckerberg, did not explicitly say the social media giant will integrate blockchain technology into its platform, Facebook currently has the talent required to do so if it wanted to.
The purchase allowed Facebook to absorb most of the startups employees into its blockchain division making it more of an acqui-hire.
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