Mark Zuckerberg, Facebook’s CEO and co-founder has mentioned that he will start to study encryption and cryptocurrencies in 2018. Every single year, Mark Zuckerberg proposes himself a new challenge. During the lasts years he has been studying Mandarin, visiting every US state and he even run 365 miles.
Mark Zuckerberg and a Solution to Facebook’s Problems
The last year it has been different. Cryptocurrencies have surged and experienced a fantastic increase. More and more people have been learning, studying and investing in cryptocurrencies like never before. Mainstream media captured the attention of the cryptocurrency markets and created a lot of interest in the audience.
With Cryptocurrencies, Blockchain technology has also spread. Many enterprises and governments are investing in Blockchain and smart contracts. There are many functionalities that this decentralized and distributed ledger technology could give to Facebook.
“One of the most interesting questions in technology right now is about centralization vs decentralization,” wrote Zuckerberg in Facebook. “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.”
Facebook and Mark Zuckerberg
Mark Zuckerberg has been named by the Time magazine as one of the 100 wealthiest and most influential people in the world. Furthermore, Forbes has listed him in the 10th position of the World’s Most Powerful people.
Taking into account that most of Facebook’s revenue comes from advertising, Zuckerberg may be looking into another direction to potentiate it. There are several messaging apps like Telegram or Kik that have been involved in the cryptocurrency sphere.
In one side, Kik has launched its own Initial Coin Offering (ICO) during the last year. It raised almost $100 million dollars. The intention was to create a cryptocurrency named Kin. Facebook could follow these steps and allow transactions within its platform or create its own cryptocurrency.
Telegram, in the other side, has also been working in a blockchain platform and its own cryptocurrency. The main idea is to build a cryptocurrency to be used by 80 million users. With this new token, many individuals from different countries will be able to freely transact money. More specifically, with Telegram and Blockchain, oppressive governments will not be able to control its citizens.
Image Courtesy of Pixabay
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