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Facebook Gets Serious About Blockchain With Exec Reshuffle

PYMNTS

After setting up a group within Facebook to look into blockchain technology, Facebook may be bolstering its efforts in the field: Evan Cheng has taken on the position of director of engineering, blockchain, at the company, according to reports and his LinkedIn profile. His most recent position at that tech firm was a senior manager.

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Facebook Wants Engineers And Researchers For Blockchain Team

PYMNTS

Social media giant Facebook is looking to grow its blockchain team, according to a report. The company posted on its careers page that it’s looking for data engineers and scientists, software engineers and a product marketing lead for its blockchain team. Do you like working with data?

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For IBM, Blockchain as ‘Team Sport’

PYMNTS

In the ongoing move to embrace blockchain, Facebook may have its allies. As reported, the social media giant has some support from IBM. IBM has said it is “willing” to work with Facebook on blockchain, as noted by an IBM executive. Separately, other tech giants are getting into the blockchain fray. Cisco, Too.

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How China Is Clamping Down On Crypto Trading With Social Media

PYMNTS

The Chinese government has a complicated relationship with cryptocurrency: While it seems to be enthusiastic about the applications of blockchain technology, the country has banned initial coin offerings (ICOs) and blocked crypto trading sites. billion fund focused on the blockchain. Why WeChat?

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Invoice Financing Via Blockchain Targets SMB Cash Flow Problems

PYMNTS

USD equivalent to help fund its efforts to help companies secure loans against invoices (through linkups with investors) using blockchain and artificial intelligence. Blockchain applications like smart contracts can help transactions to be completed faster and more efficiently.

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For watch sellers, blockchain's time has come

Payments Source

Two watch sellers are diving into a pilot that will test whether social media and blockchain can power alternatives to Amazon and eBay for e-commerce sales, shopping, payments, risk management and marketing.

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Bitcoin Daily: Ping An’s FinTech Arm Teams Up To Launch Blockchain Solution; CFTC Calls For Default Ruling For Alleged Ponzi Scheme Founder

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OneConnect Financial Technology and China Merchants Port Group ( CMPort ) will work to create a blockchain-based system with Shenzhen customs to serve the Guangdong-Hong Kong-Macao Greater Bay Area. OneConnect is the financial arm for Ping An Insurance, the largest insurer in China.

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