Facebook’s CEO and founder, Mark Zuckerberg, expressed his interest in using blockchain technology for the data authorization in logins and account validation, during an interview on Feb. 20th with Jonathan Zittrain, a Law professor at Harvard.
Zuckerberg quoted his promise made in a Facebook post in January where he stated that he was looking into blockchain technology and cryptocurrencies and its power to decentralize the internet.
“We [Facebook] are a decentralizing force in the world,” adding that people of his generation got into technology because “It gives individuals power, and is not massively centralizing.”, Zuckerberg told Zittrain.
With this mindset, Zuckerberg went on to explain the potential use cases of blockchain within Facebook’s framework, especially around decentralizing the control of data—a concern that has dogged Facebook since the Cambridge Analytica scandal.
Zuckerberg continued by explaining the potential use cases of blockchain within Facebook’s framework, especially with regards to decentralizing the control of data.
“Basically, you take your information, you store it on some decentralized system, and you have the choice to log into places without going through an intermediary,” he began.
The Facebook CEO added that decentralized systems would give users more control over their data but could also lead to more abuse, the recourse of which would prove to be far more difficult.
“In a fully distributed system, there’d be nobody who could cut off their access. A fully distributed system empowers individuals on the one hand, but it really raises the stakes. It’s a lot easier to hold accountable large companies like Facebook or Google than a series of third-party apps. You’d also have more cases of abuse, and the recourse would be much harder.”, said Zuckerberg.
Zuckerberg said that he was happy to look at both sides of the equation in terms for implementing blockchain technology on Facebook. In that light, he stated that he still hasn’t found a way to use blockchain for login authentication.
This can viewed at as another step in the direction towards experimenting with and implementing blockchain technology on the social media platform. In May 2018, the former VP of Facebook Messenger David Marcus was assigned to launch a team for exploring blockchain for Facebook. Furthermore, a number of blockchain developer roles opened up in the company in December of 2018.
This move to incorporate blockchain technology into the social media platform, keeping the aspect of decentralization in mind – is particularly interesting especially since the billionaire CEO was called out in the Cambridge Analytica scandal where he was accused of storing and using the records of more than 50 million Facebook users, the information of which may have been used in the 2016 presidential campaign of America.
This move to incorporate a decentralized blockchain on Facebook may be a redeeming factor for the CEO. In the grander scheme of things, this can be viewed at as one of those massive corporate giants looking to incorporate and use distributed ledger technologies (DLT) in their processes.
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