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Facebook Beefs Up Its Blockchain Efforts With Startup Hires

Last ten years have been remarkable as far as technological growth is concerned. We have seen Blockchain emerge and rise in these years and becoming an integral part of most of the business operations. Last year in May, Facebook announced its inclination towards exploring Blockchain application for the benefit of the company and it also…

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Facebook May Launch a Cryptocurrency For Whatsapp

Social media giant Facebook is one of the most successful internet companies in the world right now with over 2 billion registered users and over $40 billion in revenue. Citing some unnamed sources, Bloomberg recently reported that Facebook is developing its cryptocurrency for its subsidiary, WhatsApp. A cryptocurrency backed by Facebook could finally bring cryptocurrencies…

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How Can Blockchain Solve the Social Media Trolling Crisis

Over the last decade, as social media websites like Facebook and Twitter have risen tremendously in popularity, so has the problem of so-called ‘trolls’ on such websites. Trolls are people who post inflammatory statements online in order to provoke other people and deflect attention from the actual issue. Trolling started out as a minor nuisance…

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Evan Cheng to be the New Face for Facebook’s Blockchain Engineering

Facebook has had a tumultuous relationship with cryptocurrencies so far. Earlier this year, Facebook banned advertisements for all Initial Coin Offerings from its platform. At the time, experts commented that Facebook had restrictive policies for cryptocurrencies because they posed an existential threat to their business model. However, Facebook’s stance on cryptocurrencies seems to be softening…

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How will Blockchain revive Social Media?

Social media giants like Facebook, Twitter and Snapchat have seen a meteoric gain in popularity over the last decade. All of the big social media platforms have several hundred million users and a rich collection of user-generated content that makes these platforms very valuable to advertisers. In recent years, another disruptive technology, the blockchain, has…

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How Blockchains Can Be Used in Media & Advertising

Blockchains have enabled a whole new world of possibilities for commerce, thanks to their immutability and permanence. With this exciting new technology, the current online advertising industry could be reformed by giving users more control over how their personal information is used. Here’s a look at how Blockchains can help bring in the disruption that…