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Facebook Lists Several Blockchain-Related Job Openings

Distributed Summary:

  • The social media giant is looking to expand its efforts in blockchain technology, listing a series of job openings on its corporate website
  • Facebook is looking for a blockchain software engineer, blockchain data scientist, blockchain marketing lead and more
  • The listings follow two executive appointments to explore blockchain technology, dating back to May

In a move that could have major implications throughout the decentralized technology space, Facebook has recently posted a string of job listings as it looks to build a new blockchain division.

Facebook posted a series of job applications on its official website. Listing five full-time openings for blockchain engineer, scientist and marketing roles at its Menlo Park, California, campus, it seems as if the company is building the technical foundation for a blockchain department.

The postings list two openings for blockchain software engineers, with one preferring an MBA and/or a PhD in a relevant field. Facebook is also looking for a data engineer, a data scientist and a project marketing lead for this new division.

Facebook has been exploring opportunities in the blockchain space for several months. In May, top executive David Marcus announced his new project on the platform, writing that he would be “setting up a small group to explore how to best leverage Blockchain across Facebook, starting from scratch.”

A former president of PayPal and leader of Facebook Messenger, Marcus’ shifting focus prompted a fair bit of speculation within the crypto space. With such a high-level figure committing so thoroughly to the potential of blockchain technology, it seemed as if the company would announce something critical. Evan Cheng, a director of engineering at Facebook, also announced his switch to the company’s burgeoning blockchain department in the interim.

Now, it seems that Facebook is gearing up to build out a team under Marcus and Cheng, though it is difficult to say at this stage what Facebook’s ultimate goal for this new blockchain department is. Still, there are several key areas in which blockchain technology could be useful to the company, such as in data security.

A successful implementation could become a watershed moment in the history of successful use cases of blockchain technology. The space should keep a close eye on developments in this project, as a corporation with the wealth and clout of Facebook could bring the technology to the next level.

ETH Price Analysis: Why Gains Are Being Lost

Distributed Summary:

  • ETH-USD failed to break overhead resistance in the $160 range. This coincided with a failed retest of the supply and demand channel as the market saw a strongly overbought condition.
  • We are currently stuck between support and resistance, but it seems very likely that we will see a retest of the low $90s before any potential bullish pressure hits the markets. If, for whatever reason, we begin to rally, we need to see a decisive, strong close above the $160 level before any macro-trend-changing behavior is seen.

Bitfury Launches Music Project on Exonum and Bitcoin

Bitfury, a developer of blockchain-based hardware and software products, has announced a new initiative: Bitfury Surround. The project aims to build an open-source platform that streamlines operations in the music entertainment industry.

ING Partners With R3 to Adopt Corda Enterprise Blockchain

Distributed Summary:

  • Over five-year partnership, ING plans to leverage applications built on R3’s enterprise blockchain platform
  • Bank receives “unlimited number” of licenses for Corda Enterprise
  • Could mark a significant financial use case for distributed ledger technology

Bitcoin Now Available Through Coinstar Kiosks Nationwide

Distributed Summary:

  • Coinstar and Coinme team up to offer bitcoin-for-cash transactions at grocery stores around the country
  • Twitter users have shared photos of the on-screen process