Facebook CEO Mark Zuckerberg reveals in an interview with Jonathan Zittrain, a professor at Harvard, that he’s willing to put the login on the blockchain. Zuckerberg revealed that the technology could give the social media users sole powers when yielding and giving information access to third-party Apps.
In May 2018, the media giant formed a blockchain team headed by David Marcus – ex-Vice President of Messenger. The primary objective of the team was to explore the best techniques to leverage blockchain technology with social network.
"Like many other companies, Facebook is exploring ways to leverage the power of blockchain technology," a spokesman revealed.
Facebook to Create its Own Cryptocurrency
Last year, the media giant was also delving into the possibility of creating its own digital currency for payments. But this is the first signal that the company could incorporate blockchain as part of its login and data sharing system.
In an i nterview, Zuckerberg revealed confirmation was a use of the technology that he is greatly interested in, even though he hasn’t discovered the best way for this to operate. The suggested system would substitute Facebook Connect with distributed ledger technology.
The system will enable users to select which Apps to give access to and also set the limit of data shared. Various third-party services are already designing similar systems to safeguard individuals’ personal information, but Facebook joining the bandwagon would be a substantial change in the field.
Read the details in the article of Coinidol dot com, the world blockchain news outlet:
https://coinidol.com/blockchain-facebook-login/