What does Facebook’s Future Hold Regarding Blockchain and Cryptocurrencies?

Friends, some 1.2B of Facebook’s 2.2B monthly active users engage with the social media firm’s Messenger service. Moreover, much of Facebook’s business model is based upon centralized systems and databases. Enter Blockchain featuring DLT (Distributed Ledger Technology) and the explosive growth of Cryptocurrencies which by their very design are highly decentralized architectures and value chains. If you we sitting in Mark Zuckerberg’s CEO chair what is your strategy? Well, the company formally announced it will evaluate the potential of Blockchain led by hand-picked David Marcus, Facebook’s VP of Messenger, former President of PayPal and Coinbase board member. Our view is that any large tech company needs to embrace rather than resist the megatrend called Blockchain … even if it involves overhauling its business model. The question then becomes: Does the free world’s largest social media company also pursue the creation and launch of its own Cryptocurrency? And if so, which assets are used to back such a currency? This is a pivotal nexus in the firm’s history – it can choose to lead or follow. Despite obvious uncertainty we believe Facebook needs to take appropriate risks needed to maintain its leadership role starting today. More, much more to come on this topic. Share your thoughts! Lawrence, CryptocurrencyAcademy (https://cryptocurrencyacademy.blogspot.com)