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.