Facebook Keeps Hiring New Blockchain Specialists

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The biggest social media platform in the world, Facebook, keeps hiring new blockchain specialists. At the moment, Facebook Careers section now lists 19 new job openings. They all are related to blockchain development in various areas. For example, they are looking for Project Managers, Web and Media managers, Business operations managers, Growth product managers, Data Engineers, UX Researchers and many more. 

Currently, there are fifty engineers working on the new Facebook project. It will be a unique token which is about to be released in the first half of 2019.

Job description doesn’t reveal much information on Facebook’s plans

In the hope to find out more about the Facebook Blockchain project, we rushed to the job description. However, they all have the same general text about Facebook’s mission:

“Facebook’s mission is to give people the power to build community and bring the world closer together. Through our family of apps and services, we’re building a different kind of company that connects billions of people around the world, gives them ways to share what matters most to them, and helps bring people closer together. Whether we’re creating new products or helping a small business expand its reach, people at Facebook are builders at heart. Our global teams are constantly iterating, solving problems, and working together to empower people around the world to build community and connect in meaningful ways.”

In addition, comes the responsibilities section, minimum qualifications, and preferred qualifications. This also is written very good, in order to not give out any information about the upcoming product.

A Facebook Coin for all the platforms?

According to a recent article by the NY Times, not only Facebook is working on a token/coin that would allow users to transact money through applications. Kakao and Line are also working on similar products. The New York Times article suggests that Facebook, WhatsApp, and Instagram will have a unique token. It will be sort of a stablecoin pegged to several fiat currencies.

“Like Bitcoin, the new cryptocurrencies would make it easier to move money between countries, particularly in the developing world where it is hard for ordinary people to open bank accounts and buy things online,” says in the article.

Moreover, this is what we were expecting last year, at the ICO craze. Lots of talks about what it would be like if Facebook, Amazon or Google developed their own native tokens. One thing is for sure – they have a huge user base, which would result in hundreds of millions of users adopting their cryptocurrency within a day. However, whether the cryptocurrency will fulfill the users’ expectations is not clear. But speaking adoption-wise it most certainly will leave a mark in the cryptocurrency field.



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