Facebook to begin exploring blockchain
In a post on the platform itself, Facebook’s Head of Messenger David Marcus announced that he would be stepping down from the role to lead a new group at the company that will explore how the social media firm can best incorporate blockchain technology.
“After nearly four unbelievably rewarding years leading Messenger, I have decided it was time for me to take on a new challenge,” Marcus said. “I'm setting up a small group to explore how to best leverage Blockchain across Facebook, starting from scratch.”
Marcus has some background in blockchain, having been appointed to the Board of Directors at Coinbase, a marketplace for buying and selling cryptocurrencies, in December 2017. Further, he also previously stood as the CEO of PayPal.
The news follows statements from Facebook CEO Mark Zuckerberg made at the beginning of the year that the company would be looking into cryptocurrencies more readily.
“I'm interested to go deeper and study the positive and negative aspects of these technologies, and how best to use them in our services,” Zuckerburg said, referring to cryptocurrencies.
According to Recode, Marcus will be joined by James Everingham, Head of Engineering at Instagram, and Kevin Weil, Vice President of Product at Instragram.
It is yet to be revealed how Facebook will look to utilise and implement blockchain technology.
ServiceNow pumps millions into EU service compliance
ServiceNow, the digital workflow company, has announced a multimillion euro investment to help EU customers meet compliance requirements.
The legal, technical and organisational safeguards will help companies to comply with the the Schrems II judgment and European Data Protection Board (EDPB) Recommendations issued in June 2021.
ServiceNow’s investment means all EU-hosted data will be exclusively handled within the EU, and the cloud-hosted digital workflow provider claims its solution will come “without impact on current delivery and service”.
ServiceNow upgrade: free of charge
There will be no cost for current customers to opt in to the data compliance solution, even though ServiceNow is investing an unspecified multimillion euro sum and hiring more than 80 new staff across the bloc.
Mark Cockerill, vice president legal, EMEA and global head of privacy at ServiceNow, said: “With any regulation change, cloud services companies have a choice. They can adopt a ‘wait and see’ approach or get proactive and help customers and partners innovate. At ServiceNow we are on the front foot, continually investing in our customers, allowing them to operate with the highest level of choice and control over their EU data.
ServiceNow upgrade: ‘peace of mind’
“Our new EU-centric service delivery model will give our current customers and partners peace of mind. For customers and partners operating in highly regulated industries, or in the public sector, or those that have yet to make the switch to the cloud, this model gives them certainty and simplicity when selecting the cloud service that best suits their needs.”
Carla Arend, lead analyst, cloud in europe for IDC, said, “The Schrems II ruling has led European organizations to revisit their cloud-related data protection policies and processes when it comes to international data transfers through cloud services.
“Contractual, privacy, and security safeguards and the assurance that data will be kept and handled in the EU help European organizations to comply with European data protection laws while taking advantage of global cloud platforms. Vendors, such as ServiceNow, that invest to support their customers in response to this ruling are providing essential choice to their customers.”