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Facebook is launching a new team dedicated to the blockchain. Messenger’s David Marcus is going to run it.

Facebook is launching a new team dedicated to the blockchain. Messenger’s David Marcus is going to run it.

At the point when a promising new technology surfaces, most enormous name organizations will appoint a couple of individuals to investigate it and check whether it can drive their business forward. Tech monsters, for example, Google, Facebook, Amazon and similar are no exception, yet Facebook just made a move further: an executive of engineering has recently been appointed the Director of Engineering, Blockchain.

 Evan Cheng considered being a respectful "low level" computer engineer who was previously accountable of heading up Programming Languages and Runtimes at the organization, a position he held for almost three years, as per Techcrunch. His new position was first seen on his LinkedIn profile and subsequently affirmed by Facebook.

He has a work experience of nearly ten years at Apple, with his last position there being Senior Manager, Low Level Tools. He has additionally worked on compilation and other backend engineering, he tweets about blockchain and he is reportedly an advisor to a number of blockchain projects /startups.

He’s not the only a well known Facebook employee working on blockchain technology. Long-time Messenger chief David Marcus heads the group, while Instagram’s, which is owned by Facebook, former Vice President of Product Kevin Weil has taken up the position of Vice President of Product, Blockchain at Facebook.

Facebook has additionally rearranged its position on restricting all crypto-related promotions toward the end of last month, saying that they will now permit crypto related promotions (that are not binary options or ICOs) from pre-endorsed sponsors, as a part of an effort to "refine" its blanket ban policy with respect to crypto.

Likewise, Facebook is allegedly planning the making of its own cruptocurrency.

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