Wouldn’t it be cool to have Facebook login on Blockchain? Well, Mark Zuckerberg thinks so and is potentially interested in this idea. The Facebook CEO believes that blockchain could help users in dealing with third-party apps looking to gain data access, as the blockchain implementation can hand over the users some exceptional controls and powers. Zuckerberg had this and a lot more to say in his interview with Jonathan Zittrain.
To add fuel to this claim, it should be brought up that the former VP of Messenger, David Marcus was appointed as the leader of Facebook’s newly formed blockchain team last year. The team was assigned the task of finding out the best ways in which Facebook can control blockchain. Moreover, Facebook also ended up purchasing Chainspace (a blockchain firm) this month to help progress the research.
And if that wasn’t enough, Cheddar also reported last year that Facebook was considering introducing its own cryptocurrency for payment purposes. With all of these rumors and revelations, one should figure out that incorporating blockchain in Facebook’s data-sharing and login system is a work in progress.
Furthermore, Zuckerberg also explained the pros and cons of the proposed system. According to him, the fully distributive nature of the system will allow users to choose which apps they intend on giving access to and which ones should not be given the access. Also, limiting the amount of data sharing will be one of the perks. Zuckerberg believes that the system has the potential to be a game-changer.
Basically, it will mean that the information will be stored on some kind of decentralized system and the user will decide whether to log in in different places and that they will not need an intermediary. The only flaw of this system will be that it will not be possible to cut off access to the third-party apps and in case of a data breach, such apps will be allowed to operate without any interruption.
Facebook has been in hot waters for the past few years due to data-sharing scandals and the risk of being pulled back into controversy is the main reason why Facebook is hesitant in implementing such a revolutionary change. There will be absolutely no way to cut access for the third-party apps in a fully distributed system. So, unless a plausible solution is brought to the table, don’t expect to be hearing any significant development in regards to this change.
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