{"id":51027,"date":"2018-05-08T18:25:50","date_gmt":"2018-05-09T01:25:50","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=51027"},"modified":"2020-04-09T18:42:21","modified_gmt":"2020-04-09T17:42:21","slug":"facebook-forms-blockchain-group-for-solutions-to-data-privacy","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/facebook-forms-blockchain-group-for-solutions-to-data-privacy\/","title":{"rendered":"Facebook Forms Blockchain Group for Solutions to Data Privacy"},"content":{"rendered":"

Under pressure from the U.S. Congress and users worldwide, Facebook is seeking an innovative solution to its data privacy-related issues. In an effort to achieve these goals, the world's leading social network has formed an experimental blockchain group led by David Marcus, the previous head of Messenger and Coinbase board member.<\/p>\n

Where did this idea stem from?<\/h2>\n
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Related Story:\u00a0Disgraced Data Analytics Firm Cambridge Analytica Is Halting Its Plans for an ICO<\/a><\/figcaption><\/figure>\n

The well-known Cambridge Analytica scandal,<\/a> beginning in December 2015 first revealed the dangers of ‘big data' breaches at Facebook. Nearly 50 million users' data was harvested in an illegal breach by a political consulting firm later hired by President Donald Trump \u2013 raising mass awareness as to Facebook's security vulnerabilities.<\/p>\n

Following an arduous past few months facing congressional hearings and user backlash, Facebook has re-evaluated its management systems in an effort to prioritize the issues it faces today.<\/p>\n

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Facebooks Reorganized Management Model (Source: Facebook)<\/figcaption><\/figure>\n

According to a report by Recode<\/a>, the company will reorganize into three separate divisions, each dedicated to a category of operations:<\/p>\n

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  1. “Family of apps”<\/strong> (Instagram, WhatsApp, Messenger, and Facebook)<\/li>\n
  2. “New platforms and infra”<\/strong> (Facebook's VR, AR, and AI projects)<\/li>\n
  3. “Central product services”<\/strong> (shared features such as ads, data security and storage).<\/li>\n<\/ol>\n

    The new internal team or blockchain group will be formed under the “New platforms and infra” division, which will be led by Facebook CTO Mike Schroepfer.<\/p>\n

    Who Will Take the Lead?<\/h2>\n
    \"\"
    David Marcus, the previous head of Messenger at Facebook and Coinbase board member.<\/figcaption><\/figure>\n

    David Marcus, the previous head of Messenger at Facebook and Coinbase board member, has taken the mantle as the new head of Facebook's experimental blockchain group. Posting on the social media site earlier this week, Marcus said:<\/p>\n

    <\/div>\n