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Mark Zuckerberg is right to explore the potential of the blockchain for Facebook

Mark Zuckerberg is right to explore the potential of the blockchain for Facebook
From TechCrunch - January 5, 2018

In what is Mark Zuckerbergs now-traditional New Year Speech, the Facebook supremo pledged to fix the social networks many problems which bubbled up in 2017. Perhaps understandably, that admission hogged the headlines butZuckerberg also said he plans to study encryption and the blockchainsee how best to use them in our services.

That statement comes amid a period of crypto frenzy, with the cryptocurrencies themselves rising in value significancy,and its already prompting some people to speculate on what companies Facebook should buy.It marks a rare time that the CEO of a major global tech company has committed to even exploring the blockchain.

Itsreally is a no-brainer for Facebook to look into these technologies since there is serious potential to advance the current tech status quo in meaningful ways.

In his post, Zuckerberg makes mention of international censorship and, in theory, a decentralized service could circumvent such measuressuch Chinas blocking of Facebook and Twitter, or Irans recent clamp down on Instagram and Telegram.

We know that appeals to Zuckerberg. The Facebook founder has long believed his companys mission is to connect the worldto the point that he still makes much-mocked efforts to woo the Chinese governmentand the blockchain is a technology that, if utilized correctly, could give Facebook a platform to beat censors worldwide, even in China.

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