Following the rumors of stablecoins, the social giant Facebook began to consider blockchain changes in login services.
Recently, Facebook CEO Mark Zuckerberg was accepted by Harvard Law School professor Jonathan Zittrainvideo interviewsecondary title
Pros and Cons of Blockchain Combination
Similar to domestic WeChat registration, website users accessing the Facebook Connect service do not need to register, and can join directly through an existing Facebook account. For the website, on the one hand, it adds community characteristics, and on the other hand, it can also directly obtain some user information through the Facebook Connect service. However, it is still unclear how Facebook will protect user privacy when sharing information with the website.
Zuckerberg explained: "Basically, your information is stored in some decentralized system, and you can choose to log in in various places without going through a middleman." But he also pointed out the drawbacks. It also hinders the company's monitoring of malicious users.
to reportto reportAccording to the report, a data analysis company (Cambridge Analytica) associated with US President Trump's campaign collected the information of 50 million Facebook users without authorization, so as to target political ads to these users, which made Facebook deeply Embroiled in a scandal involving data leaks and manipulation of the U.S. election. Facebook suspended Cambridge Analytica's ability to buy ads and manage pages after discovering the violations, and then removed the app, prompting Zuckerberg to face tough grilling in April in the U.S. Congress.
Zuckerberg said: "The lesson we have learned is that if you have a fully distributed system, on the one hand it greatly incentivizes individuals; What about empowerment? In some ways it’s much easier to regulate and hold big corporations accountable. I think it’s a very interesting social issue.”
Zuckerberg emphasized his own ambivalence about the idea, adding: "People may not need a middleman, but there will be more abuse, and it will be more difficult to seek help and recourse"In addition, he further acknowledged the technical challenges of decentralization."secondary title
The blockchain ambitions of social giants
In fact, before this, Facebook’s actions on the blockchain continued.
Recruitment pageRecruitment page, the reporter searched with "blockchain" as the keyword, and the results showed that there were 14 related positions such as product manager and data software engineer.
BloombergBloombergCiting people familiar with the matter, Facebook is developing a stable currency for WhatsApp users for users to transfer money, and will first focus on the Indian remittance market; 4 months ago, Facebook’s blockchain team had a discussion with source payment technology company Stellar on how to use blockchain technology There have been discussions and contacts.
Twitter, also a social giant, has also paid close attention to blockchain technology recently. Twitter CEO Jack Dorsey not only publicly stated that he is trying to use the Lightning Network for Bitcoin rewards on Twitter. Special was launched for the purpose of promoting the Lightning Network.
