As Facebook continues to recover from their issues surrounding data they have announced a blockchain based strategy; former PayPal president and Facebook Messenger lead David Marcus will head up the effort; the move to blockchain technology can help to restore trust lost in the scandal and also help the company to push forward into payments, though they declined to comment for TearSheet’s story; Jason Oxman, director of the Electronic Transactions Association, tells TearSheet, “The fact that David Marcus used to run PayPal causes everyone to believe that what he’s doing [with blockchain] has to be related to payments. It’s a transmission technology story.” Source.
