Casino Fair Blockchain
Blockchain Blog Crypto News

Zuckerberg Has Confirmed Facebook’s Interest in Blockchain Technology

Facebook Zuckerberg Blockchain Technology
Written by Paul Gimmicks

Facebook’s CEO, Mark Zuckerberg has expressed his thoughts on the Blockchain technology during an interview with Harvard Law Professor Jonathan Zittrain.

Zuckerberg emphasised his interest in the adaptation of Blockchain’s robust technology to Facebook’s login process.

Facebook’s Crypto Division Might Build a Blockchain Identity System: Mark Zuckerberg

Facebook foresees Blockchain-based id authentication as a potential solution for the login process

Social Media giant Facebook has been highly active in the Blockchain sector. As we all know, Facebook has hired the team behind Chainspace which was founded by Cheddar (one of the researchers in University College London).

Additionally, this was the first acquisition of a large social media company. Mark Zuckerberg’s mentioning of using Blockchain technology on Facebook’s logging process, will be the first implementation.

Zuckerberg stated their plans on increasing the capacity of the data centre in the next five years period.

According to Zuckerberg, this type of new technology will not only secure the personal data but also authorises the applications which can access your data.

There are other platforms which have already started to use this Blockchain technology. But, Zuckerberg pointed out that initially, Facebook will not ban the access to 3rd party applications which supports the developers.

As nobody can forget the data scandal of Facebook regarding the Cambridge Analytica, Facebook has to focus on privacy as well.

Therefore, Mark Zuckerberg mentioned his plans and thoughts on personal data security.

In a fully distributed system, there’d be nobody who could cut off their access. A fully distributed system empowers individuals on the one hand, but it really raises the stakes.

Essential points of Zuckerberg’s interview are as follows:

You basically take your information, you store it on some decentralized system and you have the choice of whether to log in in different places and you’re not going through an intermediary. There’s a lot of things that I think would be quite attractive about that. For developers, one of the things that are really troubling about working with our system, or Google’s system for that matter, or having to deliver services through Apple’s App Store is that you don’t want to have an intermediary between serving the people who are using your service and you. Where someone can just say hey, we as a developer have to follow your policy and if we don’t, then you can cut off access to the people we are serving. That’s kind of a difficult and troubling position to be in.

About the author

Paul Gimmicks

I am the Founder and the Chief Editor of CryptoCasinos.cc site. My Team and I publish everything on cryptocurrency casinos including in-depth casino reviews, useful articles and last-minute news.

Leave a Comment