• Days
  • Hours
  • Mins
  • Secs
  • Wed, 18 Sep 2019, 03:08 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
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. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,266.30 (+0.01%)
  • Ethereum (ETH) $211.49 (+7.02%)
  • XRP (XRP) $0.307700 (+17.90%)
  • Bitcoin Cash (BCH) $325.37 (+5.93%)
  • Litecoin (LTC) $75.41 (+3.86%)
  • Bitcoin (BTC) $10,266.30 (+0.01%)
Sep 17, 2019 (Tuesday)
14:34
Wells Fargo to pilot internal blockchain-based digital currency for payments
12:57
Marsh, Arch Insurance (UK) Limited launch insurance solution for digital assets ‘Blue Vault’
12:18
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:17
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:45
Crypto exchange Binance backs Chinese crypto news portal Mars Finance
10:55
Crypto Technicals: XMR/USD rejected at 200-DMA, scope for resumption of weakness
10:18
Hedera Hashgraph blockchain goes live with 26 dapps
08:38
Crypto Technicals: Ethereum pauses shy of $200 mark, set to extend bullish momentum
07:38
Harbor tokenizes iCap Equity’s $100M real estate funds using ethereum blockchain
06:48
Crypto Technicals: BCH/USD fails to extends weakness below 200-DMA, retrace above will see upside resumption
06:02
Women in Leadership: Publicis Sapient hires Merril Lynch veteran Priya Bajoria as SVP Financial Services
05:24
Crypto Technicals: IOT /USD forms successive Dojis at cloud resistance, dents scope for upside continuation
05:17
Crypto payment services BitPay to roll out Ethereum support in the coming weeks
04:37
Blockchain food provenance platform OpenSC secures $4M in seed funding
04:03
Australia's REIQ partners with Igloo to develop blockchain-based tenancy agreements
03:48
Crypto exchange OKEx Korea to remove all privacy coins, including monero, dash, zcash, over FATF's 'travel rule'
03:39
Aventus unveils new ticketing protocol Aventus Classic and $15K prize for blockchain developers
03:35
C4IR UAE, World Economic Forum introduce blockchain accelerator program at Dubai's Area 2071
Sep 16, 2019 (Monday)
11:57
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:31
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft