Facebook shakes up management, launches blockchain division

David Marcus, the head of Messenger for the past four years, is leaving that role to set up a group to explore how to use blockchain technology across Facebook, he said in a post on Facebook bit.ly/2FYpOp9.

Blockchain, the technology that underpins cryptocurrencies such as bitcoin, could have other business applications as a ledger for recording transactions, although Marcus said Facebook was “starting from scratch.”

Stan Chudnovsky, who has been Messenger’s product chief, will succeed Marcus as head of the service, Facebook said.




This article is extracted from: https://www.reuters.com/article/us-facebook-moves/facebook-shakes-up-management-launches-blockchain-division-idUSKBN1IA05S