Is Mark Zuckerberg Considering Blockchain Authorization Of Data?

A new interview is in the centre of the digital currency news on our site – where the CEO of Facebook and its founder, Mark Zuckerberg, appears to be considering the ramifications of blockchain-based authorization of user data. In an interview with Harvard Law professor Jonathan Zittrain on February 20th, Zuckerberg spoke about many topics, some of which included the future of technology and society.

When addressing these two topics, Zuckerberg noted that he ““think[s] about the work we [Facebook] are a decentralizing force in the world.” The head of Facebook also said that the people of his generation got into technology because “it gives individuals power, and is not massively centralizing.”

What is very interesting is that ‘Zuck’ also mentioned that he was considering a potential blockchain use case by which users could have full control over their data. As he added:

“Basically, you take your information, you store it on some decentralized system and you have the choice to log into places without going through an intermediary. While the relatively computationally intense processes of decentralized technology could eventually be overcome, there are also moral implications.”

He also stated that a decentralized system may give users more control over their data – but could also lead to more abuse and any recourse in this manner would be far more difficult than on a centralized system.

To sum things up, Zuckerberg said that one example of how the company is moving forward is the encryption in its messaging services. He also outlined the benefits of encryption such as privacy and security and stressed the importance of safety given that “people rightfully have an expectation of us [Facebook], that we are going to do everything we can to stop terrorists from recruiting people or people from exploiting children.”