• Sun, 17 Feb 2019, 03:34 PM
  • All times are UTC
  • Edition:
    International
Link copied

Facebook ramps up blockchain division with new hires

Tue, 05 Feb 2019, 10:54 am UTC

Social media behemoth Facebook has acquired the team behind blockchain startup Chainspace, Cheddar reported.

Founded in 2018, Chainspace is a Gibraltar-based company that describes itself as “a planetary smart contracts platform.” Although the startup has not made any official announcement on its acquisition, the official website currently displays the message:

“We’re excited to announce that the team is moving on to something new.

“Chainspace code and documentation will still be open-source, and all previously academic work remains available.”

The LinkedIn profiles of Chainspace co-founders George Danezis, Alberto Sonnino, and Shehar Bano confirm that they have joined Facebook as Blockchain Researchers this month. Sources familiar with the matter told Cheddar that a four of the five researchers behind Chainspace’s academic white paper are joining Facebook’s blockchain initiative.

Facebook ventured into the blockchain universe last May when it launched a blockchain division. The new division is led by David Marcus who left his position as the head of Messenger to explore this emerging technology.

A Facebook spokesperson confirmed the hiring of the Chainspace team and clarified that the company is not acquiring Chainspace’s technology.

Previous reports suggested that Facebook has been aggressively hiring various crypto and blockchain experts. Its blockchain division reportedly has more than 40 employees. CoinDesk reported that the company is currently seeking 11 blockchain experts in various roles.

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
More
  • Bitcoin (BTC) $3,630.80 (-0.24%)
  • Ethereum (ETH) $126.60 (+2.39%)
  • XRP (XRP) $0.300600 (-0.59%)
  • Litecoin (LTC) $43.26 (-1.52%)
  • EOS (EOS) $2.82 (-0.88%)
  • Bitcoin (BTC) $3,630.80 (-0.24%)
Feb 15, 2019 (Friday)
10:50
Dutch firm ElaadNL taps IOTA technology for autonomous smart grid PoC
09:39
Rabobank pumps ‎€80M into venture fund to drive fintech and agtech investments
09:06
Enterprise Ethereum Alliance to launch token task force in 2019
07:21
BitTorrent unveils new payment card for BTT tokens
06:09
Luxembourg lawmakers pass blockchain bill into law
05:11
Canadian crypto exchange Coinsquare acquires StellarX
04:12
JP Morgan reveals key details of Quorum Blockchain-based JPM Coin
03:41
Samsung SDS develops blockchain accelerator technology to enhance transaction processing speed
Feb 14, 2019 (Thursday)
12:11
JP Morgan to trial own cryptocurrency ‘JPM Coin’ for instant client payments: Report
11:04
Intel announces new product to accelerate blockchain deployment
09:47
Huobi Wallet adds support for Japanese and Korean languages
09:11
US CFTC includes cryptocurrencies in 2019 examination priorities
07:24
Nasdaq to launch Brave New Coin Bitcoin and Ethereum indices on February 25
06:07
Italian interbank blockchain project enters pre-production phase
05:14
Enterprise Ethereum Alliance opens regional office in China
04:16
UC Berkeley launches blockchain accelerator for early stage startups
03:39
Former JPMorgan Chase executive joins blockchain startup Vakt as CEO
Feb 13, 2019 (Wednesday)
11:46
New feature to enable Coinbase Wallet users to backup private keys on Google Drive and iCloud
10:52
Hyundai Commercial partners with IBM to create blockchain-based commercial financing platform
09:45
Gibraltar Blockchain Exchange lists ICNQ token on GBX-DAX
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft