Mark Zuckerberg, Facebook CEO and founder deemed the ramifications of blockchain-related authorization of user data as per an interview with Jonathan Zittrain, Harvard Law professor on Feb. 20, Wednesday.
In the course of a discussion encircling such topics as the future of technology and society, Zuckerberg stated that he “think[s] about the work we [Facebook] are a decentralizing force in the world.” Zuckerberg stated that people of his generation stepped into technology because “it gives individuals power, and is not massively centralizing.”
He also stated that he was deeming a potential blockchain use case by which consumers could have regulation over their data, supplementing “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.”
Further he stated that while the “relatively computationally intense” procedures of decentralized technology could ultimately be overcome, there are also moral inferences.
“I think the more interesting questions there are not feasibility in the near term, but are the philosophical questions of the goodness of a system like that one,” Zuckerberg citied in a statement. Additionally, he mentioned that a decentralized system may offer users more regulation over their data, but could also head to more abuse, and any recourse would be far more daunting than on a centralized procedure.
Zuckerberg stated that one example of how the company is shifting toward a more decentralized structure is through providing encryption in its messaging methods. Zuckerberg highlighted the advantages of encryption for instance the security and privacy, but further focused the prominence of safety provided 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.”
Previously this month, Facebook supposedly attained Chainspace in its first seeming blockchain-associated acquisition. And the startup was supposedly practicing on blockchain scalability issues, notably by implementing sharding to cool contracts. However, Facebook supposedly attained the startup mainly for the skills or proficiency of its staff, rather than the facility or products the company offers.