Facebook CEO considers blockchain authorization of data via interview

21 Feb, 2019
by Colin Hawkins
Blockchain
Facebook CEO considers blockchain authorization of data via interview

During an interview with Jonathan Zittrain, Harvard Law professor, Mark Zuckerberg, Facebook’s CEO, seriously contemplated and acknowledged the positive impact of blockchain based authorization of user data on Facebook.

During the interview held on Feb. 20, the two discussed everything from the future of technology, to society and more. Zuckerberg believes that individuals of the same generation as him got into technology because “it gives individuals power, and is not massively centralizing.” Zuckerberg also went on to reveal that he was considering using blockchain to give users control of their data on Facebook by, “Basically, you take your information, you store it on some decentralized system and you have the choice to log into places without going through an intermediary.”

Zuckerberg also went on to say that he believes that although decentralized systems are highly praised and this idea of a decentralized system could be beneficial, there could be a philosophical issue going into the future. Insinuating that although users could gain more control over their data, some could possibly begin to abuse it.

Although there is not a full implementation of decentralized services across every aspect of Zuckerberg’s platform, one place it is currently moving towards is the idea of a decentralized structure through its messaging system. Encrypting its messaging services gives Facebook the benefits of added privacy and security as well as keeping a promise and expectation of safety that users have on Facebook. As quoted by Zuckerberg: “People rightfully have an expectation of us [Facebook], that we are going to do everything we can to stop terrorists from recruiting people or people from exploiting children.”

Earlier this month Facebook acquired Chainspace for their first apparent blockchain related acquisition, according to reports. This acquisition was reportedly for the skills and expertise of Chainspace’s staff, rather than the products or services that they provide.

Read more: Facebook bans crypto advertising on their platform

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block chain technology can bring a lot more opportunities for defending customer' data and not letting it go to the hackers
21 Feb, 2019 - 12:23

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