Facebook joins the blockchain revolution

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Facebook has reorganized its product executive team and now, David Marcus, head of the Messenger app will now head a small team to pioneer the company’s involvement with blockchain. David Marcus who is now heading the blockchain unit is a vocal cryptocurrency supporter; in fact, he joined the board of Coinbase in December 2017.

Facebook hasn’t made any revelations about it plans to use blockchain technology, but people are already speculating that the company is making acting on FOMO in case crypto evangelists are right and blockchain is indeed the future. Some people has hinted that Facebook might want to use blockchain technology to decentralize and secure user data. Others posit that Facebook might lunch a token that could be used to reward content creators for driving engagement on the platform. However, Marcus notes in a Facebook post that his job is to explore how to explore how to best leverage Blockchain across Facebook, starting from scratch.