Facebook is creating a new team that will explore applications of blockchain technology. The team will be led by David Marcus, former head of Facebook Messenger.
When Mark Zuckerberg said that it would take “three years to change Facebook,” most of us believed he was stalling. But here we are, only a couple of weeks later, and Facebook is having its biggest organizational reshuffle so far. Many senior executives are moving around – but what is most remarkable is the creation of a new team dedicated to exploring applications of blockchain technology for the social media giant.
David Marcus, former head of Messenger, was named as the head of this new blockchain team. Marcus is no stranger to the technology, as he also currently sits on the board of directors of Coinbase, a digital currency exchange headquartered in San Francisco.
Marcus confirmed the news on Twitter, after Recode first published the story.
— David Marcus (@davidmarcus) May 8, 2018
For now, the blockchain team will include fewer than a dozen people. It will be part of a larger division called “new platforms and infra,” one of three new divisions that were created as part of Facebook’s overall reorganization.
Now let’s see what Marcus and his team will come up with.