Mark Zuckerberg Hints at Blockchain for Data Authorization and Logins

Facebook CEO speaks on his interests in Blockchain

CEO and Founder of Facebook, Mark Zuckerberg expressed interest in utilizing blockchain technology for data authorization (logins and account validation).

Speaking in an interview with Harvard Law professor Jonathan Zittrain, Mark reiterated his initial comments earlier this year, where he promised to look into blockchain and cryptocurrencies for its power to decentralize the internet. He states; “We (Facebook) are a decentralizing force in the world” while also adding that people of his generation got into technology because “it gives individuals power, and is not massively centralizing.

The Facebook CEO went on to detail potential use-cases of blockchain technology within Facebook’s framework with a focus on decentralizing the control of data. He explained:

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.

As he admitted to the convenience of decentralized systems to give users more control over their data.

However, in a balance fit, the CEO analysed likely cons of decentralized systems; he said:

In a fully distributed system, there’d be nobody who could cut off their access. A fully distributed system empowers individuals on the one hand but it really raises the stakes. It is a lot easier to hold accountable large companies like Facebook or Google than a series of third-party apps. You’d also have more cases of abuse, and the recourse would be much harder.

While the session lasted, Zuckerberg rationally analysed both sides of the subject and hinted at a confirmation of his interest.

Responding to a question on the implementation of the technology on the social media platform, he remarked “I haven’t found a way for this to work” as he highlighted he is still mulling over how to potentially use blockchain technology for login authentication.

Big Institutional Activity

Facebook has taken further steps towards experimenting with blockchain and cryptocurrency technology on its platform. From launching a Facebook Blockchain Team in May 2018, to its recent acqui-hire of blockchain start-up Chainspace, the social media giant has also as of today published vacancies for more blockchain staff amidst other additional evidence of interests.

This recent move has given more credibility to the involvement of large companies and corporations in leveraging and investing in the emerging technology and cryptocurrency space. Notably, others like U.S. banking giant JP Morgan which recently introduced its (JPM Coin), are all vying for the prized online payments (cryptocurrency) market. Just as rumours of a Whatsapp (Facebook’s subsidiary company) stablecoin still hover the air.

 

Written By

CryptoEnthusiast, CryptoEducator, Angel Investor, Writing Pro and Techie

111
Leave a Reply

avatar
111 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
100 Comment authors
KevinlofDavidOrarpDavidOrarpJohnnyJenJohnnyJen Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
John
Guest

comment

MarcosChins
Guest
MarcosChins

tadalafil pills: http://tadalafilonline20.com/ tadalafil 60 mg for sale

MichaelCer
Guest
MichaelCer

buying prescription drugs from canada: https://genericwdp.com/ buying prescription drugs from canada

MichaelCer
Guest
MichaelCer

sildenafil without doctor prescription best online international pharmacies india

MichaelCer
Guest
MichaelCer

pills without a doctor prescription purchase tadalafil

JeffreySwene
Guest
JeffreySwene

viagra over the counter buying viagra online
where can i buy viagra over the counter

JeffreySwene
Guest
JeffreySwene

price of viagra where to buy viagra online
viagra discount

JeffreySwene
Guest
JeffreySwene

mexican viagra viagra cost per pill
where can i buy viagra over the counter

JeffreySwene
Guest
JeffreySwene

100mg viagra online doctor prescription for viagra
price of viagra

JeffreySwene
Guest
JeffreySwene

viagra from canada mexican viagra
viagra from canada

StanleyUriff
Guest
StanleyUriff
StanleyUriff
Guest
StanleyUriff

valtrex medication cost buy valtrex tablets

Thomaslar
Guest
Thomaslar

п»їviagra pills https://viagrapills100.com/ buy viagra online canada

Thomaslar
Guest
Thomaslar

viagra from canada https://viagrapills100.com/ best place to buy generic viagra online

Richardneeva
Guest
Richardneeva

100mg viagra п»їviagra pills
over the counter viagra

ElmerKarry
Guest
ElmerKarry

ed pills online buy ed pills
ed pills without a doctor prescription

Terrylep
Guest
Terrylep

cheap ed pills in mexico buy ed pills from canada
buy ed pills from canada

Terrylep
Guest
Terrylep

ed pills online buy ed pills
cheap ed pills from canada

ElmerKarry
Guest
ElmerKarry

cheap ed pills usa cheap ed pills usa
carprofen without vet prescription

Terrylep
Guest
Terrylep

buy ed pills ed pills online
buy ed drugs

Jasonsar
Guest
Jasonsar

http://zithromaxst.com/# zithromax z-pak price without insurance

Jasonsar
Guest
Jasonsar

https://zithromaxst.com/# zithromax online usa

ScottJam
Guest
ScottJam

http://zithromaxproff.com/# how to get zithromax
zithromax cost canada

ScottJam
Guest
ScottJam

http://zithromaxproff.com/# buy zithromax online
zithromax online pharmacy canada

BillySkAva
Guest
BillySkAva

chloramphenicol online: order cefadroxil online
buy minomycin online

ScottJam
Guest
ScottJam

buy ampicillin generic: ceftin price
order bactrim online

ScottJam
Guest
ScottJam

buy doxycycline generic: buy biaxin
buy minocycline generic

Michaelbew
Guest
Michaelbew

best online international pharmacies india: meds from india meds from india

Stevenhearf
Guest
Stevenhearf

online medications from india: india pharmacy mail order best online international pharmacies india

Michaelbew
Guest
Michaelbew

india pharmacy mail order: best online international pharmacies india online indian pharmacies

Michaelbew
Guest
Michaelbew

buy medication online from india: india pharmacy drugs india pharmacies online

Stevenhearf
Guest
Stevenhearf

overseas pharmacies shipping to usa: buy medication online from india usa pharmacy india

RobertrhypE
Guest
RobertrhypE

erectile pills canada: https://edpillsonline24.com/# cialis pills

BillyNep
Guest
BillyNep

cialis pills: cialis ed pills buy erectile dysfunction pills online

RobertrhypE
Guest
RobertrhypE

buy erectile dysfunction pills online: https://edpillsonline24.com/# order erectile dysfunction pills online

Danilorot
Guest

dating sites free
senior dating site

RobertrhypE
Guest
RobertrhypE

cialis pills: https://edpillsonline24.com/# over the counter ed medication

MichaelUndip
Guest
MichaelUndip

amazon viagra: buy viagra online without prescription viagra without a doctor prescription

Jamestah
Guest
Jamestah

viagra for men online viagra without a doctor prescription canada buy viagra online without prescription

MichaelUndip
Guest
MichaelUndip

generic viagra cost: viagra online no prescription viagra without a doctor prescription canada

TimothyJoutt
Guest

free chatting for marriage
free personal ads online

TimothyJoutt
Guest
Jamestah
Guest
Jamestah

viagra prescription viagra online no prescription viagra no prescription

Claudcog
Guest
Claudcog

amoxicillin 500mg pill: buy amoxil – order amoxicillin online no prescription

Jamestah
Guest
Jamestah

https://amoxilst.com/# generic amoxil 500 mg

Claudcog
Guest
Claudcog

diflucan oral: diflucan tablet price – diflucan otc in canada

Claudcog
Guest
Claudcog

doxycycline hyclate 100 mg cap: doxycycline – order doxycycline 100mg without prescription

Jamestah
Guest
Jamestah

http://doxycyclinest.com/# online doxycycline

MyronBrots
Guest

dating seiten
all free dating

Claudcog
Guest
Claudcog

doxycycline prices: doxy 200 – how to order doxycycline