{"id":922,"date":"2018-06-24T07:37:01","date_gmt":"2018-06-24T06:37:01","guid":{"rendered":"http:\/\/www.wasteyourtime.co\/?p=922"},"modified":"2019-09-05T20:33:09","modified_gmt":"2019-09-05T19:33:09","slug":"facebook-blockchain","status":"publish","type":"post","link":"https:\/\/traders-paradise.com\/magazine\/2018\/06\/facebook-blockchain\/","title":{"rendered":"Facebook Blockchain &#8211; The More You Know"},"content":{"rendered":"<p style=\"text-align: right;\"><i><span style=\"font-weight: 400;\">1 min read<\/span><\/i><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5979 size-full\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/facebook-accused-of-behaving-like-digital-gangsters.jpg\" alt=\"Facebook Accused of Behaving Like \u2018digital gangsters\u2019\" width=\"800\" height=\"371\" srcset=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/facebook-accused-of-behaving-like-digital-gangsters.jpg 800w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/facebook-accused-of-behaving-like-digital-gangsters-300x139.jpg 300w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/facebook-accused-of-behaving-like-digital-gangsters-768x356.jpg 768w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/facebook-accused-of-behaving-like-digital-gangsters-370x172.jpg 370w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/facebook-accused-of-behaving-like-digital-gangsters-760x352.jpg 760w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/02\/facebook-accused-of-behaving-like-digital-gangsters-424x197.jpg 424w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Some time ago we got news from <\/span><i><span style=\"font-weight: 400;\">Facebook<\/span><\/i><span style=\"font-weight: 400;\">. They confirmed that they were planning to launch a new team dedicated to the blockchain.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Well, most of us have some knowledge about blockchain but the main question about <\/span><i><span style=\"font-weight: 400;\">Facebook<\/span><\/i><span style=\"font-weight: 400;\"> is how would they be using it, if we have in mind the recent events related to the use, as we thought, protected data by this social network?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But the main question at <\/span><i><span style=\"font-weight: 400;\">Facebook<\/span><\/i><span style=\"font-weight: 400;\"> is <\/span><b>WHAT IS THE BLOCKCHAIN<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The responsibility to find the answer fell on<\/span><i><span style=\"font-weight: 400;\"> David Marcus<\/span><\/i><span style=\"font-weight: 400;\">, the <\/span><i><span style=\"font-weight: 400;\">Facebook<\/span><\/i><span style=\"font-weight: 400;\"> executive who has been running the company\u2019s standalone messaging app, the <\/span><i><span style=\"font-weight: 400;\">Messenger<\/span><\/i><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The task for him and his team is to <a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/08\/facebook-seems-to-be-pushing-forward-with-its-blockchain-plans\/\">explore<\/a> the blockchain technology.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_74 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/06\/facebook-blockchain\/#In_the_beginning_this_team_will_be_small\" >In the beginning, this team will be small.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/06\/facebook-blockchain\/#But_why_Will_Facebook_make_its_own_David_Marcus_VP_of_Messaging_Products_at_Facebook\" >But why? Will Facebook make its own David Marcus, VP of Messaging Products at Facebook?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/06\/facebook-blockchain\/#Marcus_does_have_a_personal_interest_in_cryptocurrencies_though\" >Marcus does have a personal interest in cryptocurrencies, though.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/06\/facebook-blockchain\/#But_could_this_also_be_bad_news\" >But, could this also be bad news?<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"In_the_beginning_this_team_will_be_small\"><\/span><strong>In the beginning, this team will be small.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Besides <\/span><i><span style=\"font-weight: 400;\">Marcus,<\/span><\/i><span style=\"font-weight: 400;\"> the place in this team will take a few key Instagram executives who are moving over: <\/span><i><span style=\"font-weight: 400;\">Instagram\u2019s <\/span><\/i><span style=\"font-weight: 400;\">VP of Engineering, <\/span><i><span style=\"font-weight: 400;\">James Everingham<\/span><\/i><span style=\"font-weight: 400;\">, and <\/span><i><span style=\"font-weight: 400;\">Instagram\u2019s<\/span><\/i><span style=\"font-weight: 400;\"> VP of Product, <\/span><i><span style=\"font-weight: 400;\">Kevin Weil<\/span><\/i><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><a href=\"https:\/\/en.wikipedia.org\/wiki\/David_A._Marcus\"><i><span style=\"font-weight: 400;\">David Marcus<\/span><\/i><\/a><span style=\"font-weight: 400;\"> was a president of <\/span><i><span style=\"font-weight: 400;\">PayPal<\/span><\/i><span style=\"font-weight: 400;\"> which indicate that he has a lot of payment processing expertise and has been in charge of <\/span><i><span style=\"font-weight: 400;\">Messenger<\/span><\/i><span style=\"font-weight: 400;\"> through a lot of significant changes over the years.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Marcus&#8217;s<\/span><\/i><span style=\"font-weight: 400;\"> contribution to the development of Messenger is great. In fact, <\/span><i><span style=\"font-weight: 400;\">Facebook\u2019s <\/span><\/i><span style=\"font-weight: 400;\">decision to split Messenger out of the core app so that users had to download the standalone app in order to receive messages on mobile happened during Marcus\u2019s first month on the job.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Interesting choice!<\/span><br \/>\n<b><i><\/i><\/b><\/p>\n<h3><span class=\"ez-toc-section\" id=\"But_why_Will_Facebook_make_its_own_David_Marcus_VP_of_Messaging_Products_at_Facebook\"><\/span><b>But why? Will Facebook make its own David Marcus, VP of Messaging Products at Facebook?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Well, there are several answers and I&#8217;ll try to discover some of them.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">First of all, the blockchain, which serves as the technical foundation for all cryptocurrencies like bitcoin, is all the rage. <\/span><i><span style=\"font-weight: 400;\">Facebook\u2019s<\/span><\/i><span style=\"font-weight: 400;\"> decision to pursue blockchain technology will most certainly add some validity to the crypto industry, which has been very chaotic.\u00a0<\/span><span style=\"font-weight: 400;\">This doesn\u2019t mean that<\/span><i><span style=\"font-weight: 400;\"> Facebook<\/span><\/i><span style=\"font-weight: 400;\"> will build its own cryptocurrency, but there are many ways that blockchain technology could be used that have nothing to do with cryptocurrencies, including encrypted data storage.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Marcus_does_have_a_personal_interest_in_cryptocurrencies_though\"><\/span><strong><i>Marcus<\/i> does have a personal interest in cryptocurrencies, though.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>David Marcus, VP of Messaging Products at Facebook<img loading=\"lazy\" decoding=\"async\" class=\"wp-image-923\" src=\"http:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/David-Marcus-FB-e1529821749784.jpg\" alt=\"\" width=\"427\" height=\"400\" \/><\/p>\n<p><span style=\"font-weight: 400;\">He joined the board of cryptocurrency exchange <\/span><i><span style=\"font-weight: 400;\">Coinbase<\/span><\/i><span style=\"font-weight: 400;\"> in December last year.\u00a0<\/span><i><span style=\"font-weight: 400;\">Marcus <\/span><\/i><span style=\"font-weight: 400;\">posted on his <\/span><i><span style=\"font-weight: 400;\">Facebook <\/span><\/i><span style=\"font-weight: 400;\">profile some time ago: <\/span><span style=\"font-weight: 400;\">&#8220;After nearly four unbelievably rewarding years leading <\/span><i><span style=\"font-weight: 400;\">Messenger,<\/span><\/i><span style=\"font-weight: 400;\"> I have decided it was time for me to take on a new challenge. I&#8217;m setting up a small group to explore how to best leverage <\/span><b>Blockchain <\/b><span style=\"font-weight: 400;\">across <\/span><i><span style=\"font-weight: 400;\">Facebook<\/span><\/i><span style=\"font-weight: 400;\">, starting from scratch.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When I joined <\/span><i><span style=\"font-weight: 400;\">Messenger<\/span><\/i><span style=\"font-weight: 400;\">, under 300 million people were using it every month, since then we&#8217;ve added well over 1 billion people. We&#8217;ve crafted many new experiences from video chat to P2P payments, a capable camera and new features like games. We opened the platform and now over 200,000 developers are creating experiences and over 8 billion messages are sent between people and businesses every month. Looking forward, I&#8217;m excited about<\/span><i><span style=\"font-weight: 400;\"> Messenger&#8217;s <\/span><\/i><span style=\"font-weight: 400;\">upcoming redesign I&#8217;ve shared an early <\/span><span style=\"font-weight: 400;\">look at this year&#8217;s F8. I think you&#8217;re going to love it!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It&#8217;s been an honor to lead the amazing <\/span><i><span style=\"font-weight: 400;\">Messenger <\/span><\/i><span style=\"font-weight: 400;\">team, their commitment to making <\/span><i><span style=\"font-weight: 400;\">Messenger<\/span><\/i><span style=\"font-weight: 400;\"> the best it can be is unsurpassed. I will miss them but I know <\/span><i><span style=\"font-weight: 400;\">Messenger<\/span><\/i><span style=\"font-weight: 400;\"> is in great hands with <\/span><i><span style=\"font-weight: 400;\">Stan Chudnovsky<\/span><\/i><span style=\"font-weight: 400;\"> and they will continue to create amazing experiences for all the people who depend on it around the world.\u00a0<\/span><i><span style=\"font-weight: 400;\">Messenger<\/span><\/i><span style=\"font-weight: 400;\"> is now one of the most important apps in the world, and its future is unbelievably bright. The saying is that the journey is more important than the destination, and what a remarkable journey this was!\u00a0<\/span><span style=\"font-weight: 400;\">Onward!\u2019\u2019<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Weil<\/span><\/i><span style=\"font-weight: 400;\">, who joined <\/span><i><span style=\"font-weight: 400;\">Instagram<\/span><\/i><span style=\"font-weight: 400;\"> from <\/span><i><span style=\"font-weight: 400;\">Twitter<\/span><\/i><span style=\"font-weight: 400;\"> back in early 2016, is one of the new additions to the blockchain team. The other one is Instagram\u2019s VP of Engineering, <\/span><i><span style=\"font-weight: 400;\">James Everingham.<\/span><\/i><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">It&#8217;s no surprise that <\/span><i><span style=\"font-weight: 400;\">Facebook<\/span><\/i><span style=\"font-weight: 400;\"> wants to test the functionality of new technologies.<\/span><br \/>\nThis is a good news.<\/p><\/blockquote>\n<h3><span class=\"ez-toc-section\" id=\"But_could_this_also_be_bad_news\"><\/span><b>But, could this also be bad news?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">I can\u2019t imagine they would launch an ICO considering they already have billions in the bank.\u00a0<\/span><span style=\"font-weight: 400;\">Then this might also be a catalyst for other giants to do one, making many coins obsolete.<\/span><br \/>\n<span style=\"font-weight: 400;\">We will see.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For now, it is evident that <\/span><i><span style=\"font-weight: 400;\">Mark Zuckerberg<\/span><\/i><span style=\"font-weight: 400;\"> and his team have something big on the mind.<\/span><\/p>\n<p><a href=\"https:\/\/traders-paradise.com\/recommends\/city_index_uk\/\" target=\"\" rel=\"noopener noreferrer\"><br \/>\n<img decoding=\"async\" class=\"size-full\" src=\"http:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/ads10-1.png\" alt=\"\" \/><br \/>\n<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Facebook confirmed that they were planning to launch a new team dedicated to the blockchain.<\/p>\n","protected":false},"author":4,"featured_media":1333,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1004,1011],"tags":[17,12,359,115],"class_list":["post-922","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-financial-news","category-hi-tech-news","tag-blockchain","tag-cryptocurrency","tag-david-marcus","tag-facebook"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Facebook Blockchain - The More You Know - Hi-tech News - TP<\/title>\n<meta name=\"description\" content=\"Facebook confirmed that they were planning to launch a new team dedicated to the blockchain. 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