Facebook buys a Blockchain company

Technology giant Facebook reportedly bought a Blockchain company focusing on smart contracts.

Facebook's mysterious crypto money section reported that the first purchase of the silent. This acquisition is said to be a Blockchain initiative specializing in intelligent contract development .

Financial news platform Cheddar, anonymous sources based on the news of the technology giant's University College London, established by a Blockchain company has announced that Chainspace.

On the other hand, a Facebook official reached by Cheddar did not give color to the purchase. Lar Like many other companies, Facebook is looking for ways to leverage the power of Blockchain technology, Yetkili he says. This new small team explores many different applications. We have nothing to share.

The company is more interested in the knowledge and skills of the research team than Blockchain technology. So, the purchase was made for the team rather than the company. The move is a clear sign of Facebook's desire to become a major player in the Blockchain industry.

Facebook has been working on a Blockchain and crypto money project since last year with a team of company's heavy cannons. As we've already reported, at the beginning of the team is the experienced Facebook manager and former PayPal president David Marcus. More than 40 people on the team claimed to be composed of the project that is thought to be a secret of how the form is kept hidden, but some resources, WhatsApp integrated with the fixed currency will be supported by a fixed crypto money suggested.

According to Cheddar, Facebook may continue to purchase Blockchain companies. The social network also met with Algorand, the Blockchain-based payment platform. However, according to the sources who know the subject, these interviews failed.

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