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.