Topic: Facebook is Working on Blockchain Technology but What is it About? (Read 223 times)
I feel this is something funny. On the one hand, Facebook prohibits crypto-related ads on its platform. But on the other hand, they want to create their own coins for the platform. In this case, is there a specific scenario from the facebook
June 16, 2018, 04:03:50 AM
Facebook is pulled in by the fame of the digital currency advertise and additionally the developing rise of the blockchain innovation. Presently there is gigantic number of coins working in the market. Bitcoin has earned gigantic prevalence than others as bitcoin have a few points of interest over others. It is more secure and trusted by the all than others cash. Facebook is endeavoring to be in the market with its own money.
May 22, 2018, 05:22:04 PM
I do not think the facebook will make a new coin, they will use blockchain technology only for their developments and improvements.
May 22, 2018, 05:15:12 PM
Facebook have now got a team, apparently, to look into how blockchain technology could help resolve some issues Facebook has. We all know that privacy and data are huge issues for many companies, but especially Facebook with billions of active users. So, this is what they are working. Giving users the chance to control what happens to their personal data would be a huge relief for all. Plus blockchain might be used to get around the issue of fake accounts - fake news, etc.
May 22, 2018, 09:11:01 AM
Yes, Facebook has a large database of users and the huge money to invest in the cryptocurrency world. A Facebook Spokesperson said:
“Like many other companies, Facebook is exploring ways to leverage the power of blockchain technology. This new small team will be exploring many different applications. We don’t have anything further to share.” Facebook can integrate his cryptocurrency into Facebook apps.
It will be big news if it appears to be real and if Facebook is serious about launching its own Cryptocurrency. A “Facebook Coin” will be having the potentialities of becoming the premier cryptocurrency with a huge number of active users.
“Like many other companies, Facebook is exploring ways to leverage the power of blockchain technology. This new small team will be exploring many different applications. We don’t have anything further to share.” Facebook can integrate his cryptocurrency into Facebook apps.
It will be big news if it appears to be real and if Facebook is serious about launching its own Cryptocurrency. A “Facebook Coin” will be having the potentialities of becoming the premier cryptocurrency with a huge number of active users.
May 20, 2018, 04:25:51 AM
Facebook is going work on blockchain technology which will make the Facebook more secure and more helpful. Without this Facebook can also make private key using blockchain technology that match the users’ personal information.
May 19, 2018, 12:14:57 PM
That is all about for their services like ads targeting and decentralization of some info which could be fasten their delivery. Other people see that facebook will soon create a token or coin, this is one of the misconception about the news. Blockchain technology is not just creating a coin, it is a system of network with a full transparent transaction that could run even other servers goes down. Using the technology, services could be distributed yet can be monitored centrally. That is what I think of it.
May 19, 2018, 11:52:49 AM
facebook is working on their own cryptocurrency they are working for blockchain in social media transparency and new improvement we can see more to come from facebook once they announce officially
May 19, 2018, 11:37:51 AM
listening abou it from long time, have not seen any result yet. as Sheila said, "Facebook might develop a cryptocurrency for enabling micropayments on the social media platform" i was thinking about it in my subconsious mind, because then if people want's to boost something they will use it by crypto.
May 19, 2018, 11:22:14 AM
Yes, they are too greedy. They know that the world of cryptography promises a lot of money so they plan to make their own coins.
I think it should not be so, they might be able to adopt a blockchain system for facebook apps but they should not make their coins to pay for company employees.
In addition, the presence of new coins is also unprofitable for bitcoin, the more altcoins that appear will increasingly make the competition between coins to be tight and this will actually impact on the decline in the value of the coin.
I think it should not be so, they might be able to adopt a blockchain system for facebook apps but they should not make their coins to pay for company employees.
In addition, the presence of new coins is also unprofitable for bitcoin, the more altcoins that appear will increasingly make the competition between coins to be tight and this will actually impact on the decline in the value of the coin.
May 19, 2018, 10:53:38 AM
I like with the decision made by the Facebook, this will be the biggest project, and great success.
I predict that facebook will not take long to achieve success.
everyone who will be the leader of the blockchain facebook team, but Mark Zuckerberg always be the mastermind.
I predict that facebook will not take long to achieve success.
everyone who will be the leader of the blockchain facebook team, but Mark Zuckerberg always be the mastermind.
May 19, 2018, 10:24:54 AM
This is great! Crypto currency is going very far and working to build a great future! The growth of crypto currency is developed a lot. There are so many companies which have adopted crypto currency to their firms. Even Amazon started working on it.Good going!
May 19, 2018, 06:48:37 AM
Facebook is attracted by the popularity of the crypto currency market as well as the growing emergence of the block chain technology. Now there is huge number of coins operating in the market. Bitcoin has earned huge popularity tan others as bitcoin have some advantages over others. It is safer and trusted by the all than others currency. So now Facebook is trying to be in the market with its own currency.
This same reason why did they banned crypto in they're platform because the true reason is they are attracted in cryptocurrency,since they knew how huge the circulating money here,so they wanna have piece of cake,isn't it very brilliant?how this facebook boys operating to make profit by using this crypto technology May 19, 2018, 06:43:14 AM
Facebook has taken a very effective decision after banning the ads of crypto in their social media platform. I hope they will bring the upgradation of blockchain through their adoption. And I think they might launch their own crypto through the process.
May 19, 2018, 06:13:38 AM
I think there is nothing to be so hyped about this. The interest of bitcoin is limited to blockchain only and is not upto the any cryptocurrency or bitcoin. So I think this will bring much good to crypto world.
May 19, 2018, 06:08:57 AM
At least a proof that blockchain technology has come to stay and hence bitcoin is bound to be a leader and future currency. Facebook, though famous have realized the need to venture into blockchain, another area which popularity will outnumber social media in the near future.
May 19, 2018, 05:42:39 AM
Messenger’s David Marcus will be Leading Facebook Blockchain Team
Last week Facebook announced that it is creating a blockchain unit which will be led by David Marcus (One of the most senior executives) is increasing the speculation among those in the blockchain world since the firm revealed few ideas about what the group is going to do.
Sheila Warren, head of Blockchain at the World Economic Forum told that Facebook might develop a cryptocurrency for enabling micropayments on the social media platform. She said it could result in a slew of new applications. It will be welcomed by publishers who want to get paid while Facebook users share and spread their content.
Facebook can Prove user’s Identity using Blockchain Technology
Experts told Facebook can use blockchain technology for enhancing privacy for the billions of people who use the platform. For example, blockchain can be used to prove a person’s identity and can also be used for providing users with more control over their data. Facebook can create contracts which could specify who can receive information on the platform.
Warren said:
“One of the things blockchain is good at doing is creating a trust where trust doesn’t exist. You set the permissions in such a way that if you say for cat videos, you can take all my data, but for music videos, you can only take my screen name, it is self-executed automatically.”
She also said Facebook could utilize blockchain technology for creating a public key that matches a user’s private information.
This sply means that big industries such as facebook are seing the great potential of block chain technology and they are preparing to indulge themselve into this knowing that they can profit a great deal. This will surely be interconnected to their platform the facebook to make it bigger and continues its dominance in the social media industry. I hope that if this will be pushed through it will be of great help to the development of human civilization. Last week Facebook announced that it is creating a blockchain unit which will be led by David Marcus (One of the most senior executives) is increasing the speculation among those in the blockchain world since the firm revealed few ideas about what the group is going to do.
Sheila Warren, head of Blockchain at the World Economic Forum told that Facebook might develop a cryptocurrency for enabling micropayments on the social media platform. She said it could result in a slew of new applications. It will be welcomed by publishers who want to get paid while Facebook users share and spread their content.
Facebook can Prove user’s Identity using Blockchain Technology
Experts told Facebook can use blockchain technology for enhancing privacy for the billions of people who use the platform. For example, blockchain can be used to prove a person’s identity and can also be used for providing users with more control over their data. Facebook can create contracts which could specify who can receive information on the platform.
Warren said:
“One of the things blockchain is good at doing is creating a trust where trust doesn’t exist. You set the permissions in such a way that if you say for cat videos, you can take all my data, but for music videos, you can only take my screen name, it is self-executed automatically.”
She also said Facebook could utilize blockchain technology for creating a public key that matches a user’s private information.
May 19, 2018, 05:28:50 AM
Always put the reference if you are copying an article.
https://coindelite.com/news/facebook-is-working-on-blockchain-technology-but-what-is-it-about/
https://coindelite.com/news/facebook-is-working-on-blockchain-technology-but-what-is-it-about/
May 19, 2018, 05:13:26 AM
Messenger’s David Marcus will be Leading Facebook Blockchain Team
Last week Facebook announced that it is creating a blockchain unit which will be led by David Marcus (One of the most senior executives) is increasing the speculation among those in the blockchain world since the firm revealed few ideas about what the group is going to do.
Sheila Warren, head of Blockchain at the World Economic Forum told that Facebook might develop a cryptocurrency for enabling micropayments on the social media platform. She said it could result in a slew of new applications. It will be welcomed by publishers who want to get paid while Facebook users share and spread their content.
Facebook can Prove user’s Identity using Blockchain Technology
Experts told Facebook can use blockchain technology for enhancing privacy for the billions of people who use the platform. For example, blockchain can be used to prove a person’s identity and can also be used for providing users with more control over their data. Facebook can create contracts which could specify who can receive information on the platform.
Warren said:
“One of the things blockchain is good at doing is creating a trust where trust doesn’t exist. You set the permissions in such a way that if you say for cat videos, you can take all my data, but for music videos, you can only take my screen name, it is self-executed automatically.”
She also said Facebook could utilize blockchain technology for creating a public key that matches a user’s private information.
Last week Facebook announced that it is creating a blockchain unit which will be led by David Marcus (One of the most senior executives) is increasing the speculation among those in the blockchain world since the firm revealed few ideas about what the group is going to do.
Sheila Warren, head of Blockchain at the World Economic Forum told that Facebook might develop a cryptocurrency for enabling micropayments on the social media platform. She said it could result in a slew of new applications. It will be welcomed by publishers who want to get paid while Facebook users share and spread their content.
Facebook can Prove user’s Identity using Blockchain Technology
Experts told Facebook can use blockchain technology for enhancing privacy for the billions of people who use the platform. For example, blockchain can be used to prove a person’s identity and can also be used for providing users with more control over their data. Facebook can create contracts which could specify who can receive information on the platform.
Warren said:
“One of the things blockchain is good at doing is creating a trust where trust doesn’t exist. You set the permissions in such a way that if you say for cat videos, you can take all my data, but for music videos, you can only take my screen name, it is self-executed automatically.”
She also said Facebook could utilize blockchain technology for creating a public key that matches a user’s private information.
How is this blockchain going to be secured so that its history can't be altered by a malicious actor/party. Will it use decentralized proof of work? Proof of stake? Proof of Sheila Warren?
May 19, 2018, 04:59:20 AM
If Facebook integrates blockchain technology in a meaningful manner, we will undoubtedly see other big players in the social media space follow suit. The way in which Facebook uses the technology will be important.
If Facebook goes down the route of creating its own cryptocurrencies or adopting existing ones, it will go a long way toward legitimizing and promoting the technology to the greater masses, and moving the blockchain and crypto closer to the mainstream worldwide.
If Facebook goes down the route of creating its own cryptocurrencies or adopting existing ones, it will go a long way toward legitimizing and promoting the technology to the greater masses, and moving the blockchain and crypto closer to the mainstream worldwide.
Jump to: