
But the public is still skeptical of Facebook and how it handles all of our private information. The recent Cambridge Analytica scandal didn’t cause the mass exodus from the platform that some thought it might.

Facebook is getting ready for the day when blockchain is a crucial part of the internet.įacebook has done whatever it can to prevent people from using other services.We rounded up the best (and a couple of the worst) predictions for what Facebook is up to. Are they making a cryptocurrency that will rival bitcoin, or are they just haphazardly adding blockchain to the laundry list of things they say they do, like that Long Island Iced Tea company did? Marcus later confirmed this shift in a Facebook post.īut so far, no one is quite sure what that means what Facebook’s actually up to here. Recode reports the social media giant is creating a team dedicated to blockchain, headed by former Messenger lead David Marcus, who also has experience at Coinbase and PayPal.

Facebook is diving headfirst into the blockchain.
