Zuckerberg Suggests Facebook Blockchain Use for Data Authorization

written by

Support free journalists: > send a tip

Mark Zuckerberg has recently discussed the consequences of using blockchain technology for authorization of user data on Facebook. He expressed his views during an interview with Jonathan Zittrain, a prominent Harvard Law professor.

The discussion revolved around topics such as the future of society and technology. Zuckerberg maintained that Facebook itself is a decentralizing force despite its over-centralization of data and authority. He added that people of his generation invested their time and efforts in technology because it imparts power to individuals and is massively decentralized.

He did admit that Facebook is looking to integrate blockchain technology into its system to give users additional control over their data. He explained that in future, information could be stored on some decentralized platform and retrieved “without going through an intermediary”.

However, he maintained that the main issue related to the use of blockchain is not its computational intensity rather its moral implications. Although users can get more control by using a decentralized system, it can also lead to unforeseen problems. It will be difficult to rescue users in such a situation, much more than a centralized system, he added.

Zuckerberg said that one way to move towards a decentralized structure was to offer more encryption capabilities as the company was doing in its messaging services. Various benefits offered by using encryption such as privacy and security were also outlined by the Facebook CEO.

Zuckerberg said:

“People rightfully have an expectation of us [Facebook], that we are going to do everything we can to stop terrorists from recruiting people or people from exploiting children.”

Nevertheless, he stressed that people should feel confident that Facebook will not allow any terrorist group to exploit children or recruit adults for terrorist activities.

Earlier in February, Facebook acquired a blockchain startup, Chainspace, in order to train its staff in crypto-related skills and expertise.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: bitcoinnews.com

Help spread this article :)

BitcoinNews.com is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of BitcoinNews.com

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by BitcoinNews.com to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of BitcoinNews.com 

   Advertisement

Latest on Bitcoin News

   Advertisement