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Why Is Facebook Interested In Blockchain Technology?

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Facebook Blockchain

Facebook Blockchain

Facebook Blockchain-Over the last few years, one thing has become clear; blockchain technology is here to stay. Traditional technology developers have grown tired of resisting blockchain technology and have decided to join the trend. After all, the old saying goes; if you cannot beat them, you join them or you get out of the way. Facebook is not ready to get out of the way and Mark Zuckerberg has seen that blockchain technology will be instrumental in the next industrial revolution. This is why he has started hunting for blockchain experts.

Facebook has been accused of misusing user data on several occasions. The social media giant, which now has several subsidiaries, is one of the most centralized organizations in the traditional tech world. Blockchain technology stands against such control and misuse of data. This is why it was kind of surprising to see that Mark Zuckerberg and his team posted an advertisement for Facebook blockchain job on its careers page.

The hunt for Facebook blockchain experts started in 2017 with the first Facebook Blockchain job posting on the career site. About a month ago, the company added more Facebook blockchain jobs to the list of required experts. Yesterday, the Facebook career page was updated again to show that the Facebook blockchain recruitment drive hasn’t slowed down. Now, the company is looking for a lead commercial counsel for its blockchain initiatives.

Whoever occupies this new position will have to draft and negotiate contracts for Facebook’s blockchain initiative. This will include contracts for new products, partnerships, and expansion on an international level. The chosen candidate will also have to advise prospective clients on business strategies, risks, as well as structure the relationship of the company with partners. The Facebook job posting also states that the selected candidate should have a law, J.D. degree and be a member of at least one bar in the United States.

Having a degree in law isn’t enough. Facebook wants a person with at least 5 years of experience in the legal sector and 4 years of experience in the technology space. The experience in technology should be in the blockchain space. He or she should have an interest in alternative and mobile payments.

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Article Credit: Smartereum

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