Randi Zuckerberg joins the advisory board for Huobi's public blockchain

Randi Zuckerberg, the elder sister of Facebook founder Mark Zuckerberg, joined the advisory board of the Huobi cryptocurrency exchange to develop Huobi's new public blockchain, according to a recent press release. Zuckerberg, who has worked on Facebook for over six years, is also the founder and CEO of Zuckerberg Media.

For the announcement, Zuckerberg, together with the CEO of the Chinese mining giant Bitmain Jihan Wu, was appointed to the Huobi Chain Expert Advisory Committee to provide expert advice and advice to the Huobi public chain .

Committee experts provide guidance on topics ranging from basic blockchain technology to industrial applications, commercial modeling, and governance and development issues.

Huobi launched the Huobi Chain Project (HCP) in June 2018 to build a next-generation self-regulated and decentralized financial platform. As announced later, the project aims to "provide people and organizations with a reliable financial protocol for the exchange of value, fundraising, securitization and more."

Founded in 2013, Huobi is the fourth largest cryptic exchange in the world in terms of the terms of trade. At the time of the press, Huobi has a 24-hour trading volume of about $ 582 million.

Facebook has made silent raids in the blockchain space. In May, the company formed a "small group to explore how to make the most of blockchain on Facebook, starting from scratch," as the head of the messenger app of Facebook Messenger, David Marcus, said in a post on his page. personnel.

Cheddar later reported that Facebook was "exploring" the creation of its own cryptocurrency to launch an in-app virtual currency. The information, however, was not confirmed and came from an anonymous source "familiar with Facebook's plans".

In June, Facebook reversed the cryptographic prohibition, which had been in place since January of this year. The new policy requires advertisers of cryptocurrency products and services to present an application to allow Facebook to evaluate their suitability. Applicants must include "any licenses they have obtained, whether they are traded on a public stock exchange, or other relevant public background on their business."

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