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Facebook’s Blockchain Division Has a New Director of Engineering

Blockchain, a digital ledger in which transactions made in bitcoin or other cryptocurrencies are recorded, is the next big thing

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The company on Wednesday held an event in New York where it sought to convince journalists it was tackling the problem.
The company on Wednesday held an event in New York where it sought to convince journalists it was tackling the problem. Pixabay
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Facebook has promoted one of its senior engineers Evan Cheng as the Director of Engineering at its recently launched Blockchain division, signalling the importance of the project, the media reported.

Cheng is also listed as an advisor to blockchain startups and projects Zilliqa and ChainLink, the TechCrunch reported.

Earlier in May, Facebook had set up a group within the company to explore blockchain technology and its potential use for the platform, headed by long time Messenger chief David Marcus.

However, the latest executive reshuffle appears to point to the social networking giant getting more serious about developing on top of blockchain technology.

Besides Cheng, the tech giant has also promoted Kevin Weil, former vice president of product at Instagram, as the vice president of product at their Blockchain division, the report said.

Facebook mobile app
Facebook mobile app. Pixabay

“It means it’s not just an exploratory project”, is how one source who tracks the blockchain space speculatively, described Cheng’s move to Facebook’s blockchain team, the report said.

Recruiting Cheng to the blockchain group signals the importance of the project, the source said.

According to his LinkedIn page, Cheng has been employed at Facebook since November 2015 and has been working at their Programming Languages and Runtimes, a position he held for nearly three years.

He also worked at Apple for over 10 years and is credited as one of the inventors of LLVM — a compiler that generates the low-level machine code for Apple devices.

Also Read: Facebook Shuts Down Three of its Apps

Blockchain, a digital ledger in which transactions made in bitcoin or other cryptocurrencies are recorded, is the next big thing.

Although Facebook has not announced any plans about how they would use blockchain technology on their platform, it is clear they are pursuing this technology with interest. In the light of the data crises faced by Facebook, it is going to be interesting to see how they utilize this technology to improve their services, the CCN reported. (IANS)

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Facebook will not Remove Fake News – but will ‘Demote’ it

The site had done a trial displaying a red warning icon next to articles that fact checkers had identified as false, but later said it found this approach had "entrenched deeply held beliefs

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The company on Wednesday held an event in New York where it sought to convince journalists it was tackling the problem.
The company on Wednesday held an event in New York where it sought to convince journalists it was tackling the problem. Pixabay

Facebook has said that it will not remove fake news from its platform because it does not violate its community standards. Instead, it says posts that it deems to be fake news will be “demoted” in the news feed.

The social network is currently running an advertising campaign in Britain that declares “fake news is not our friend”. But it said publishers often had “very different points of view” and removing fabricated posts would be “contrary to the basic principles of free speech”, the BBC reported on Friday.

Facebook has been scrutinized for its role in spreading fake news after evidence emerged that Russia tried to influence US voters using the social network.

Facebook mobile app
Facebook mobile app. Pixabay

The company on Wednesday held an event in New York where it sought to convince journalists it was tackling the problem.

“We created Facebook to be a place where different people can have a voice,” John Hegeman from Facebook said while responding to CNN.

Also Read: Facebook Labels Russian Users as ‘Interested in Treason’

“We allow people to post it as a form of expression, but we’re not going to show it at the top of News Feed,” a Facebook spokeswoman told CNN.

The site had done a trial displaying a red warning icon next to articles that fact checkers had identified as false, but later said it found this approach had “entrenched deeply held beliefs”. (IANS)