Mark Zuckerberg is ‘potentially interested’ in putting Facebook login on the blockchain

Facebook CEO Mark Zuckerberg says he’s “potentially interested” in putting the Facebook login on the blockchain as part of a public interview with Harvard Law professor Jonathan Zittrain. In particular, Zuckerberg said the blockchain could give users unique powers when granting data access to third-party apps.

Facebook has been investing in its blockchain team that was formed last May, led by David Marcus, who was formerly the VP of Messenger. The aim of the team has been to figure out the best ways to leverage blockchain with Facebook. Earlier this month, the company acquired blockchain firm Chainspace, which works on research and development of smart contracts.

In May, Cheddar reported that Facebook also exploring the possibility of making its own cryptocurrency for payments. But this is the first indication that Facebook could integrate blockchain technology as part of its login and data-sharing system.

In the interview, Zuckerberg said authentication was “a use of blockchain that I’m potentially interested in,” although “I haven’t found a way for this to work.” In general, the proposed system would replace Facebook Connect with “something that’s fully distributed.” That system could let individuals pick and choose which apps to allow access to and limit the amount of data shared. Some third-party services have already developed similar systems to protect users’ personal data, but Facebook taking the approach would be a significant change in the landscape. ..Read More..

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