Facebook Blockchain Imminent As Company Hires Blockchain Professionals

Social media giant, Facebook, continues its blockchain entry preparation by announcing five more professional positions within the blockchain niche in addition to the already listed ones.

Corporate Leakage

An insider in the company had earlier in the year revealed plans that Facebook was diving into blockchain waters for possible exploitation as later reported by New York Times.

Apart from the optimism this has so far generated, some have begun anticipating that the proposed Facebook cryptocurrency, Face Coin will be the highly anticipated “mass adoptable” digital currency.

Great Prospects

However, if such plans were to attain fruition, Facebook will before the end of the first half of this year launch its own blockchain and create a cryptocurrency which will enable whatsApp and Facebook users around the world send and receive money on its blockchain using face coin. The cryptocurrency will also be exchangeable on crypto exchanges.

As they are all based in the company’s headquarters in Menlo Park, California, the new Blockchain positions among others are production manager, growth product manager, data scientist, software engineer and business operations manager.

In an quest  critics consider a publicity stunt, Mark Zuckerberg, Facebook CEO has often spoken about issues pertaining to cryptography and blockchain.

He suggested a move to accept end-to-end encryption on his platforms like Facebook and whatsApp is a technology meant to ensure that decentralized logins are made possible on Facebook, without any centralized servers’ authentication.

What We’re Sure Of

However, the only certainty now is, Facebook is hiring blockchain professionals. A statement from the company:

The blockchain team is a startup within Facebook and we’re exploring lots of areas of interest across all facets of blockchain technology.

“Our ultimate goal is to help billions of people with access to things they don’t have now – that could be things like healthcare, equitable financial services, or new ways to save or share information.”

Author: Dare Shonubi

Dáre Shonubi is a certified cryptocurrency expert and Blockchain journalist with an extensive experience in blockchain project marketing, media engagement, community management and cryptocurrency market analysis and research. An avid blockchain enthusiast with a view to support the blockchain innovation to optimum adoption and immeasurable development. Dare holds a diploma in the study of blockchain and cryptocurrency.

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