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Facebook To Soon Come Up With A Blockchain Division, Goes For Management Shuffle

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Facebook To Soon Come Up With A Blockchain Division, Goes For Management Shuffle

After a huge controversy of leak of personal information of around 10 million users, Facebook is trying to rectify its market image by appointing new mentors to some of it’s owned social networks including WhatsApp and Messenger.

Another interesting revelation made by the company includes the introduction of blockchain (which is a digital ledger working with the help of digital currencies like Bitcoin) technology by it.

Facebook’s blockchain developing team has David Marcus (former head of the Messenger chat app) as the front runner of the initiative. Chris Cox, Facebook’s chief product officer, will now be managing all of the company’s apps. Also, Will Cathcart has been assigned as the head of Facebook’s core application.

Other major rearrangements done within the Facebook family cover has let Kevin Weil, who was initially head of product at photo-sharing app Instagram, to become a part of the blockchain team. Adding on to this, the former leader of news feed, Adam Mosseri, will be replacing Kevin.

As reported by technology news website Recode, Chris Daniels, who was looking after the company’s Internet.org programme, will be leading WhatsApp after Jan Koum, the tool’s co-founder, who apparently announced his exit last month will be departing from the company.

Reportedly, a former Obama administration executive, Jeff Zients, who is also the current chief executive officer of the Cranemere Group, has been brought into Facebook’s committee as well.

The company is putting in a lot of blood and sweat to bring uniformity in terms of security for all it’s media platforms. Thus, a notion to jumble the experts of its current management may prove to be a productive decision.

An MBA who switched working from managing a retail chain to knit a brighter world of writing. Diligent and assertive, Prachi has a Bachelor's degree in Computer Applications.

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