Facebook is planning to launch their own blockchain division consisting of people from the executive line up. Facebook Inc. CEO Mark Zuckerberg ordered the reorganization and put more responsibility to his Chief Product Officer as he said from his Facebook post about the huge effect and study about the positive and negative aspects of cryptocurrencies.
Facebook is going to make a big management shakeup in the industry. Zuckerberg wants to reorganize and give these responsibilities to his executives, create a new division. David Marcus, former head of Facebook Messenger will take over the new team with the other executives.
The company has not released any information yet about their blockchain sector.