What is the blockchain? And how should Facebook be using it?
Finding answers to those questions is now the responsibility of David Marcus, the Facebook executive who has, until this week, been running the company’s standalone messaging app, Messenger.
The blockchain, which serves as the technical foundation for all cryptocurrencies — like bitcoin — is all the rage. Facebook’s decision to pursue blockchain technology will most certainly add some validity to the crypto industry, which has been very chaotic. This doesn’t mean that Facebook will build its own cryptocurrency, but there are many ways that blockchain technology could be used that have nothing to do with cryptocurrencies, including encrypted data storage.
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