Facebook Looking to Expand Its Blockchain Team

Facebook is forging ahead with its blockchain project, opening 13 new positions in the relatively new unit.

Pushing deeper into the crypto space, Facebook has posted 13 blockchain-related vacancies on its careers site.

The social media giant is looking for a business operations manager, a growth product manager, and a marketplace payments blockchain expert, among others. Another ongoing vacancy is for a brand strategy manager, which could be signaling an imminent launch of the company’s project as such hires are typically being made towards the end of the technical development phase for a product.

Facebook CEO Mark Zuckerberg first revealed his interest in blockchain technology at the beginning of last year.

“With the rise of a small number of big tech companies—and governments using technology to watch their citizens—many people now believe technology only centralizes power rather than decentralizes it. There are important counter-trends to this—like encryption and cryptocurrency—that take power from centralized systems and put it back into people’s hands. But they come with the risk of being harder to control. I’m interested to go deeper and study the positive and negative aspects of these technologies, and how best to use them in our services,” Zuckerberg wrote in a post last January.

The Facebook blockchain unit was set up a few months later in the wake of a corporate restructuring. The company has since provided scant details on its plans, but there has been talk of it developing a new stablecoin for Indian Whatsapp users as an alternative digital remittance currency.

The new job openings in the blockchain team are further evidence of Facebook’s crypto aspirations. As of December 2018, it had 32 individuals working in this area. Earlier this month, media reports said the company had acqui-hired almost the entire smart contracts developer team of blockchain startup Chainspace.

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