Facebook’s Blockchain Team Is Hiring Over 20 Additional Members To Help Speed Up Research Efforts

Facebook's Blockchain Division Is Hiring An Additional 22 Personnel To Help Speed Up Its Research Efforts

As per an all-new report released earlier today by The Next Web, the folks over at Facebook are currently in the process of speeding up their blockchain/crypto related research efforts– so much so that despite the value of Bitcoin tumbling quite heavily over the past few months, the social media giant is looking to bring on-board a total of 22 new specialists to their in-house blockchain team.

To elaborate further on the matter, we can see that some of the key roles that are currently being offered by FB include:

  • Two Posts for Product Managers
  • Blockchain Finance Analyst
  • Data Scientist
  • Threat Investigators
  • Director of Technical Account and Securities

    Also, it should be pointed out that all of the above-mentioned job opportunities are either based out of the firm's office sites in Washington DC or in Tel Aviv.

    Lastly, the article by The Next Web speculates that Facebook's blockchain division is currently in the process of creating an all-encompassing crypto offering — which could be called FBCoin or Face coin.

A Closer Look At The Issue

When plans of FB setting up its very own blockchain division first gained mainstream media traction sometime back, it was being said that the social media firm was simply looking to implement this burgeoning technology within some of its niche’ operational domains. However, soon after, rumors began to circulate that the company was looking to do much more and launch its very own crypto token in the near future.

As per an article published by Bloomberg sometime back, the media outlet reported that FB's upcoming digital offering is being designed in such a way that it can be transferred “directly through WhatsApp” — thus reducing remittance costs incurred by users when facilitating intl. transfers.

Not only that, the New York Times then went on publishing a report that claimed that the folks over at FB had been in touch with various crypto exchanges in an effort to speed up their development efforts.

More On The Matter

Facebook's latest research push come at a time when some of the world's largest multinationals to have been quietly looking to hire a number of blockchain experts. For example, a job posting recently pinned on SmartRecruiters by payments provider ‘Visa' states that the firm is looking for a “technical product manager” who possesses “significant functional knowledge of the cryptocurrency ecosystem as well as certain cryptographic techniques”.

Not only that, but the job post also says that the firm is looking for individuals who have a “deep understanding of existing retail payment solutions” — thus alluding to the fact that the payments giant might be looking to integrate blockchain tech into its existing tx modules.

Final Take

In rounding off this piece, it should be added that CitiGroup too has recently been looking to hire a number of blockchain experts who have significant expertise within areas such as “Blockchain/ Distributed Ledger Technology (DLT)”. It now remains to be seen how the future of this nascent market plays out from here on end.


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