Soon! The most popular and trending social media networking site Facebook is going to opt for the latest technology Blockchain. Yes, now Facebook is going to turn into the more secure platform and its users can explore the next level of technology.
In the recent interview, with Harvard Law, Professor Jonathan Zittrain CEO Mark Zuckerberg revealed, that he is considering to implement the Blockchain technology in the login process.
According to him, By integrating the decentralized Blockchain authentication will enhance the user experience and will give more powers to the users to access to third-party apps.
Facebook CEO Mark Zuckerberg : “I’m thinking about going back to decentralized or Blockchain authentication. Although I haven’t figured out a way to make this workout this is around authentication and basically granting access to your information and to different services.â€ť
Zuckerberg also added about the blockchain identity: â€śYou basically take your information, you store it on some decentralized system, and you have the choice of whether to log in in different places, and youâ€™re not going through an intermediary. Thereâ€™s a lot of things that I think would be quite attractive about that.â€ť
According to Messenger Chief David Marcus, earlier in May, In the company, only Facebook set up a group to explore the blockchain and its potential. Well research held on it
Last year, one of the Senior Engineer got promoted as the Director of Engineering for the launch of Blockchain division.
Even As per the media Reports, The Social Media Platform Facebook is also showing its keen interest in cryptocurrency.
According to The Verge, the risk of further data-sharing scandals is one of the main reasons why Facebook is wary of implementing the change.
In a very short period, blockchain has marked its presence in the tech industry and every second industry can rely on it, it helps to secure the data and exclude the third party interference to it. Which gave rise to the blockchain development.
The Facebook CEO Zuckerberg also drove the attention of the users by giving the glimpse on the numerous topics on the future technology decentralized services, privacy innovation, encryption, fighting misinformation, and future research areas.
Now, it would be interesting to see how the latest and innovative technology Blockchain will impact on the most popular and trending Social Media platform Facebook.