Monday, 24 September, 2018

Zuckerberg mulls Blockchain to boost Facebook security

Facebook CEO Mark Zuckerberg Facebook CEO Mark Zuckerberg
Orlando Vargas | 10 January, 2018, 04:58

The founder of Facebook Mark Zuckerberg wrote on its page that he didn't exclude the integration of cryptocurrency Facebook.

In the first Facebook post of 2018, Zuckerberg has expressed his interest to study the pros and cons of block chain technology and decide how to make the best use of it to improve Facebook's services.

He said he views cryptocurrency and encryption as potential tools for countering this trend, giving people back the power that's now held by centralized systems. However (their use - ed.) is accompanied by the risk of their inability to control.

"O$3 ne of the most interesting questions in technology right now is about centralization vs decentralization", Zuckerberg wrote.

Earlier it was reported that the Opera browser has added protection from the crypto currency miners.

The Verge notes that Zuckerberg's intentions are well-timed, especially since Facebook is yet to develop foolproof methods to curb harassment in the site. Citigroup Inc who had been investing in Facebook Inc (Call) for a number of months, seems to be bullish on the $542.95B market cap company.

He added that while Facebook won't prevent all mistakes or abuse, "we now make too many errors".

Every year I take on a personal challenge to learn something new.

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These issues touch on questions of history, civics, political philosophy, media, government, and of course technology. This year, his challenge will be more hard: managing Facebook.

While Zuckerberg's post also outlines plans to "fix" issues in Facebook - such as its policies, the way it tackles abusive content and defends against interference from nation states - he didn't explicitly say cryptocurrencies and encryption were the solution to such problems.

The social media giant will also be looking into bringing together experts to discuss and work through these issues. For instance, in past years he has promised to run every day, start a book club, and, most memorably, to only eat meat that he killed with his own hands. With such content in place, it can then make a case for the Facebookcoin or whatever they end up calling it.

It's amusing how Zuckerberg writes here as if he's never really looked into the issue of encryption before - despite, you know, owning WhatsApp, which uses end-to-end encryption and has been at the centre of political debates on the matter.

This means cracking down on abuse and harassment, misinformation and especially the spread of fake news.

In other years, Zuckerberg has undertaken overtly personal quests that align vaguely with Facebook's business priorities, including learning Mandarin (which could help Facebook break into the Chinese market), building his own artificial intelligence bot (when Facebook had made AI a priority), and vowing to wear a necktie to work every day (when Facebook was trying to signal to investors and employees that it was serious about making money).

"I am dead serious about this", chief executive Mark Zuckerberg said last November when talking on the issue. The important thing is that you try your best, right?

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