What is Facebook’s Vision for Blockchain Technology?

[Goodcat49]

In May 2018, Facebook created a special brand-new research team to develop possibilities of blockchain technology. If the fintech is to be taken seriously, the tech giant will be able to solve issues with data breaches and enhance transparency and user’s privacy.

What Can We Anticipate?   
"Like many other companies, Facebook is exploring ways to leverage the power of blockchain technology," Facebook’s spokesman said in a statement. "This new small team is exploring many different applications. We don’t have anything further to share."   

Even though Facebook didn’t reveal any detailed information on the blockchain project, there were some theories evolved by Internet users. First of all, the company is said to master its own virtual currency, as a way to stimulate e-commerce and reward content creators. Moreover, it has already released a cryptocoin called Facebook Stars, which is designed to pay writers and other bloggers for content. Apart from a digital currency, Facebook may also make use of blockchain applying it in banking apps, exchanges, or a data management system.   

It may come as no surprise that the process of blockchain adoption will take a great amount of time. Facebook will need to make sure that the users will like and embrace the change. In addition, the rapid shift to blockchain will leave the company without its most lucrative platform, target advertising based on user data collection.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/what-is-facebooks-vision-for-blockchain-technology/

[cryptomate3473]

Jan 05, 2019 at 15:13 // NEWS Author
Coin Idol If the fintech is to be taken seriously, the tech giant will be able to solve issues with data breaches and enhance transparency and user’s privacy.
In May 2018, Facebook created a special brand-new research team to develop possibilities of blockchain technology. If the fintech is to be taken seriously, the tech giant will be able to solve issues with data breaches and enhance transparency and user’s privacy.

[Bobcrypto]

In May 2018, Facebook created a special brand-new research team to develop possibilities of blockchain technology. If the fintech is to be taken seriously, the tech giant will be able to solve issues with data breaches and enhance transparency and user’s privacy.

What Can We Anticipate?   
"Like many other companies, Facebook is exploring ways to leverage the power of blockchain technology," Facebook’s spokesman said in a statement. "This new small team is exploring many different applications. We don’t have anything further to share."   

Even though Facebook didn’t reveal any detailed information on the blockchain project, there were some theories evolved by Internet users. First of all, the company is said to master its own virtual currency, as a way to stimulate e-commerce and reward content creators. Moreover, it has already released a cryptocoin called Facebook Stars, which is designed to pay writers and other bloggers for content. Apart from a digital currency, Facebook may also make use of blockchain applying it in banking apps, exchanges, or a data management system.   

It may come as no surprise that the process of blockchain adoption will take a great amount of time. Facebook will need to make sure that the users will like and embrace the change. In addition, the rapid shift to blockchain will leave the company without its most lucrative platform, target advertising based on user data collection.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/what-is-facebooks-vision-for-blockchain-technology/

Yes, your article is welcome. I think that Facebook coming to ceyptocurrency and the blockchain will greatly enhance the growth of crypto and the blockchian technology. I hope Facebook will come out successful in all its research.