100 employees work on Facebook’s crypto-project

Crypto News

Although the social media giant’s cryptocurrency project, Facebook, is still held in secrecy, some details about the appointment of high-level project leaders are emerging .

More than 40 positions are still available

100 people are currently working on the project according to several profiles on LinkedIn.

40 positions are available in the team’s business unit.

David Marcus, the former chairman of PayPal, who has also served on the board of directors of Coinbase, leads the Blockchain-based Facebook project.

For his part, Eric Nakagawa, developer and founder as well as CEO of the popular humorous site of the 2000s, “I Can Has Cheezburger? “, Would hold the title of head of open-source.

An open Blockchain for Facebook?

If the social network were to disclose the details of his secret project during this month, the ultimate goal of the latter would be to provide a public service focused on accessibility.

“Our ultimate goal is to help billions of people gain access to what they do not yet have, such as health care, fair financial services, or new ways to safeguard or share information.”

Although Facebook may give up control of its governance in the context of its crypto-project to third parties, in order to guarantee a certain level of decentralization, Olaf Carlson-Wee, the CEO of Polychain Capital, believes it would be better to build its so-called stablecoin on open public infrastructure at Blockchain.

At the 2019 Blockchain Consensus conference, he said:

“I think that, given all the problems that Facebook has in controlling its platform, this strategic change should be to put in place a public infrastructure that could be integrated into all of its platforms. However, this one will have more success, if they do not try to possess it “.

What do you think of this Facebook cryptocurrency project? Comment in the comment section below.

Facebook Comments