Facebook Raises Blockchain Division With New Chief

Technology giants are exploring the blockchain and Facebook will not be left behind. The company has reportedly hired one of its senior engineers, Evan Cheng, as Director of Engineering for the new blockchain division.

Strengthen the blockchain division

In May, Facebook Messenger chief David Marcus, announced he would leave the post to help the company explore the uses of blockchain technology.

“I put together a small group to find out how to best use Blockchain across Facebook, starting from the left,” Marcus announced via a post on his Facebook page. It came months after Facebook CEO Mark Zuckerberg announced that he had already begun exploring the possible use of cryptocurrencies for Facebook. Blockchain is the underlying technology behind the cryptocurrencies Bitcoin is famous for.

Joining Marcus today is another senior engineer at Facebook.

Get serious about the blockchain

Now that one of its senior engineers has moved into the blockchain division, the social networking giant looks more serious than ever. Evan Cheng’s LinkedIn profile supports his move as he became Director of Engineering for Blockchain recently. Previously, Cheng was known as the head of Programming Languages ​​& Runtimes for Facebook. He has been in office for three years.

Prior to that, Cheng was with Apple and worked as Senior Manager for Low Level Tools. He also has experience in back engineering and compilation technology. Cheng’s track record shows him tweeting about the blockchain. In addition, he previously served as divisor to several blockchain startups/projects such as ChainLink and Zilliqa.

“That means [Cheng’s promotion] not just an exploration project, “TechCrunch quoted a source who monitors the blockchain space. According to the same source, Cheng’s placement in the blockchain division means the project is important because he knows a thing or two about scalability and performance.

In the first quarter of 2018, Facebook had more than 2 billion monthly active users worldwide, making it a likely target of security threats for the large amount of valuable information it currently holds. In recent news, the company has been implicated in various data breach scandals where data from 87 million Facebook users was collected and used in political campaigns. Despite this, the number of monthly users still increased by 13 percent compared to the first quarter of 2017. Seeing the significant impact of social media on society today, it is time for Facebook and similar social networking sites to find ways to protect their users from unscrupulous manipulation.

Facebook’s move to explore the blockchain could be one of the steps to address these problems. With a decentralized and unalterable blockchain design, it is ideal for streamlining processes as well as strengthening security for data management in many industries.