2019 started in full force at least regarding crypto mass adoption.
If the prices haven’t jumped to the moon yet, there are other developments and moves that are currently taking place in the crypto space that are leading the steps towards the mainstream adoption of crypto.
Now, Facebook CEO Mark Zuckerberg is exploring the blockchain tech for users of the platform which is currently the largest in the world.
Improving Facebook’s authentication process
Facebook has about 1.52 billion daily active users and if the blockchain gets implemented this means huge Bitcoin and crypto exposure.
Users would also interface with the blockchain tech when logging in to their accounts and this way the underlying tech of crypto would become more known as well.
During an interview with Harvard Professor Jonathan Zittrain, Zuckerberg detailed his particular interest in improving the authentication process by using the underlying tech of Bitcoin and crypto which is the blockchain.
“You basically take your information, you store it on some decentralized system, and you have the choice of whether to log in in different places, and you’re not going through an intermediary,” he said.
This year I’m hosting a series of discussions on the future of technology and society. Here’s the first one with Harvard Law Professor Jonathan Zittrain.I joined his seminar and we covered topics including information fiduciaries, encryption, decentralized services, governance, fighting misinformation, different business models, privacy innovation, and future research areas.I found his ideas fascinating. We spoke for almost two hours and still only got through about a third of what we hoped to discuss. I’m looking forward to continuing this series soon and covering more topics beyond the internet.
Posted by Mark Zuckerberg on Wednesday, 20 February 2019
Zuckerberg continued and explained that “For developers, one of the things that are really troubling about working with our system, or Google’s system for that matter, or having to deliver services through Apple’s App Store is that you don’t want to have an intermediary between serving the people who are using your service and you.”
Facebook CEO has also posted the interview on Facebook, on his page. It’s interesting to note that his post received mixed reactions from the users who were affected by the company’s recent issues with data breaches.