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Mark Zuckerberg has made no secret of his interest in this, but how close is the adoption of blockchain by Facebook? 
Is it a problem for blockchain on Facebook?
Mark Zuckerberg never said that Facebook was adopting blockchain. But he said that decentralized technologies could take "power from centralized systems and put it back into people's hands". But blockchain and Facebook are really destined to come together?
Perhaps it was a suggestion, but no more.
It is only at the start of the year that Facebook has declared that it has a team of a dozen people involved in blockchain projects. Recently, he added to his blockchain team using a data scientist, a data engineer, and two blockchain software engineers.
Blockchain applications; it will no longer be foreign and intimidating
The applications of block / applications-of-blockchain-123476659 / chain are emerging, it is becoming much more than a means to create a cryptocurrency
But why? How would the blockchain fit with Facebook?
According to Arran James Stewart, co-founder and CVO of the blockchain recruitment platform Job.com, the social media company could apply blockchain in the following ways:
- To help with user data records, security and security.
- By improving the security and capabilities of its Messenger money transfer service (the former head of Messenger is now directing this blockchain project).
- Take advantage of the wide range of business profiles that have the ability to be converted into e-commerce platforms to support Facebook can use blockchain to manage the commercial and payment structure.
Then again, Stewart admitted that the possibilities are simply endless and that there are many other ways Blockchain could be applied by Facebook.
private life
But Facebook's track record for privacy protection is not exactly something that privacy experts praise!
And one of the problems with blockchain is that it is immutable, which means that it is difficult to remove records – making it potentially incompatible with the right to be forgotten about GDPR.
It depends on how the blockchain is applied by Facebook, of course.
Stewart says that if Facebook decides to use a private blockchain on HyperLedger Fabric, the privacy implications will not be burdensome.
The BlockDin GDPR solution supports the "right to oblivion"
A new product that provides a GDPR blockchain solution can support the "right to oblivion" and the writing of data
But privacy issues are just one of the areas where Facebook critics get very hot.
There is also the problem of the eco rooms.
Stewart said on this issue: "With Facebook, we saw that a medium designed to reflect the opinions of its users can create, through an internet filter, a polarized political debate, which has drifted towards extreme ideas. based on blockchain should it be different?
"The application of the blockchain, in my opinion, should not fight or break political echoes, I think the blockchain development on Facebook will have a more important aspect from the financial point of view, as the project is led by the former head of Facebook Messenger, who has been involved in e-commerce applications and P2P exchange for the platform. "
Do not let the blockchain hype become your excuse for inactivity: the blockchain supply chain can guarantee trust
Does the blockchain become an adult? Perhaps we are going beyond the hype associated with cryptocurrencies and in a real world of practical applications, such as the guarantee of trust among digital partners, with supply chain blockchains. In addition, GM Tradeshift Frontiers' Gert Sylvest states that we must be realistic, blockchain alone is not enough.
We will see it closely, there would be wider implications – so to speak, releasing the genius from the ledger and where Facebook will go, others could follow it.
