Facebook and Cryptocurrency

It’s been more than 10 years from introducing Bitcoin which is having the largest market in the crypto world. And during this period many well-reputed companies have tried to adopt this new blockchain technology with regarding different scenarios. Some are very popular brands like American Express, Alibaba group, IBM and much more. But why? What was the reason for adopting this blockchain technology?

Blockchain has been already implemented as the best method of supply-chain management because it gives the benefit of cost and fully transparent system which is not easy to accomplish by traditional methods. Also, smart contracts have made the bottleneck of transactions to easy and time-saving options. There are many more valuable and advantageous things to be discovered too.  

How is the largest social media network is trying to adopt blockchain technology?

Libra Association which calls itself as “an independent, not-for-profit membership organization” headquartered in Geneva, Switzerland has published its whitepaper lately about Libra ecosystem. Also, it has geographically diverse founding members such as Coinbase, Uber, eBay, PayPal, VISA and MasterCard. This organization intends to release a reliable digital currency and infrastructure that together can deliver on the promise of “The internet of money”.

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