The simple answer for this is that they want to use the advantages of blockchain technology and they are realizing it`s potential. They also want a piece of the pie as they have billions of users and do not want others to take this advantage from them.
I also think so, they realize that blockchain technology can be very profitable for them, they will adopt it and because they are very famous so that it will accelerate their steps to achieve success in the field of blockchain and cryptocurrency 
Topic: Why are Social Networks like Facebook and Twitter moving towards blockchain? (Read 496 times)
March 31, 2019, 07:30:07 PM
March 31, 2019, 07:08:23 PM
The simple answer for this is that they want to use the advantages of blockchain technology and they are realizing it`s potential. They also want a piece of the pie as they have billions of users and do not want others to take this advantage from them.
March 31, 2019, 04:20:38 PM
Maybe Facebook should hire some people to make sure that the user passwords are not stored in plaintext before they focus on the blockchain space. 
Article
Article
March 30, 2019, 06:02:56 PM
Because the world is changing from physical companies to internet companies and now to blockchain companies. It is the natural development.
I like it because when internet was created and first companies were created on the internet, I was so young. But now I can be a part of it.
I like it because when internet was created and first companies were created on the internet, I was so young. But now I can be a part of it.
March 30, 2019, 05:57:39 PM
Facebook, Twitter and these high profile corporates have a big research and development team that are focused far beyond our expectations. This way surely they could have done the thorough study about blockchain and its effectiveness. Maybe they are late to implement, but they'll be strong in the technology adoption and will help blockchain technology reach more small scale firms.
March 30, 2019, 05:47:20 PM
The answer is simple, no one want to be left out on what blockchain offers. For someone or a platform to grow the platform must be ready to flow with trending technologies. So if they refuse getting involved one day, they will be leftout and out of business.
March 30, 2019, 05:40:59 PM
I think they have a vision to see the potential of Blockchain technology. Not only Facebook WhatsApp every big companies move towards Blockchain. Cause every one wants to adopt futuristic things at the first place. Blockchain has versatile use cases. And the main thing with Blockchain is it's decentralised. And people are going towards decentralised things. And I think it's pretty normal to adopt the future. And they are doing it.
March 30, 2019, 05:20:07 PM
You have to understand first what is blockchain technology and how it will benefit both online and offline platforms, businesses and industries then only we will know why everything is adopting this new tech soon you will hear more and more online giants switching to blockchain. I think we should not try to find conspiracy theories behind each news.
March 30, 2019, 05:03:54 PM
Because noone wants to miss the train. But I think that they are not helping the crypto ecosystem by creating private stable coins. For me it is not a cryptocurrency, only a thing that damages the image of real cryptocurrencies.
March 30, 2019, 04:27:39 PM
https://bitcoinexchangeguide.com/why-are-social-network-juggernauts-facebook-and-twitter-moving-towards-blockchain-technology/
I really would llike to know why social networks are all of a sudden just now wanting to implement blockchain. Should we trust their motives?
One thing we should know about this companies like facebook and twitter is that what have kept them in the top is the ability to see a new technology and embrace it in other to improve their platform and getting more people on-board, they know that blockchain is the technology of the future and they are not ready to miss out of it because if they miss out, in few years to come they might not be relevant as they are now in the society and world at large.I really would llike to know why social networks are all of a sudden just now wanting to implement blockchain. Should we trust their motives?
Merchants and corporate giants first may adopt blockchain technology which might move toward bitcoin over the course of time for sure. I mean now facebook, twitter and JP morgon kind of big corporate are announcing having their own blokchain based coins and this may help spreading awareness on cryptos which will end up in mass adoption and then main stream hitting.
March 30, 2019, 12:54:34 PM
Because if they don't do it today. Competitors will bypass them. Everyone understands that blocks are better than old technologies. And they are already pulling for too long.
Quite agree, technology based company need to always keeping up with the growth or development of a new technology, if not they will easily being left behind and there's many company that go bankrupt because of such thing.Also blockchain could solve so many things that it's really beneficial for such company to implement it.
March 30, 2019, 12:44:15 PM
Because if they don't do it today. Competitors will bypass them. Everyone understands that blocks are better than old technologies. And they are already pulling for too long.
March 30, 2019, 12:39:57 PM
They want to be part of the next big thing which is blockchain technology. I could remember when they were kicking against it now they want to join as they couldn't stop the movement. The decentralized nature of Blockchain is attracting everyone.
The same way, central bank, government, SEC and many more that has really been against the technology will have no choice than to work with it because virtually everyone they feel they are protecting from the disaster they feel blockchain might cause are solidly behind the technology and already adopted it and see the benefit it has brought to them.Hence, I expect more and more of these happening factors this year to facilitate the movement of cryptocurrency market to its ATH. I really see Facebook coin being a major booster of the market when they roll out their coin and I know their project will be more professional as they have always been.
March 29, 2019, 05:04:15 AM
Decentralized social networks could put them on backfoot. Crypto is the future so they have realized that the only way to be alive is to adopt the blockchain. Their motive cannot be trusted for the fact that they are wholesomely centralized and the users cannot have their privacy there. We look forward to better social networks serving the true purpose of decentralization.
March 29, 2019, 02:28:34 AM
They want to be part of the next big thing which is blockchain technology. I could remember when they were kicking against it now they want to join as they couldn't stop the movement. The decentralized nature of Blockchain is attracting everyone.
March 29, 2019, 02:21:00 AM
If other untrusted sites can just build their own project coin then why facebook or any other trusted social media sites cannot? Maybe facebook and other trusted social media sites find it more profitable for them to join blockchain that’s why they are building their own too. I think this is their advantage already or shall we say they are gambling already their reputation to the people since they are entering crypto.
March 29, 2019, 01:17:26 AM
https://bitcoinexchangeguide.com/why-are-social-network-juggernauts-facebook-and-twitter-moving-towards-blockchain-technology/
I really would llike to know why social networks are all of a sudden just now wanting to implement blockchain. Should we trust their motives?
I don’t think anything is bad about their idea, they are just simply following the trend too, many of their users are already exposed to the blockchain and they have seen how its establishment has made it easy for most of their user when it comes to transaction with other companies, also, if they don’t do it, it will not be long before a guru come up with that idea that may see that a lot of migrate from platform.I really would llike to know why social networks are all of a sudden just now wanting to implement blockchain. Should we trust their motives?
Moreover, they also need it too to be able to solve the challenges of many of their users who are also finding it hard to make payment for the use of their platform because of some policies guarding the financial institution in the user’s country and also away to probably avoid taxes, with the technology, government will not be able to monitor their funds.
March 29, 2019, 01:12:31 AM
Seems op does not trust the blockchain or something.
Of course it is a good thing if they move to Blockchain. But I don't they will. They are probably going to use some blockchain coins while having their data on centralized data storage.
Of course it is a good thing if they move to Blockchain. But I don't they will. They are probably going to use some blockchain coins while having their data on centralized data storage.
March 29, 2019, 12:47:03 AM
In my opinion blockchain is the future technology, i'm sure on more and more company and business will use blockchain technology too in the future. Let's see what will be happen in the next 5-10 years, maybe we will see blockchain technology will become mainstream on that year.
Well, currently a lot of companies just use it as a database replacement, which a blockchain definitly shouldnt be. So I am very excited what Facebook is coming up with. 
March 29, 2019, 12:29:41 AM
In my opinion blockchain is the future technology, i'm sure on more and more company and business will use blockchain technology too in the future. Let's see what will be happen in the next 5-10 years, maybe we will see blockchain technology will become mainstream on that year.
Jump to: