Facebook’s blockchain team is a hush project that the company has been keeping under wraps for months. The team, which started in May under the leadership of David Marcus, is currently looking for a head of business development. The division may be looking for more allies, for which they need someone with experience and proficiency in dealmaking. There are a total of six job openings in the division, signifying rapid development.
No Small Feat to Get Hired by Facebook
Aside from a business development head, the company currently has five more job openings. One is for a public policy manager, another for a media director, two jobs in marketing and one for a software engineering manager in Israel.
The social networking giant’s posting of “Head of Business Development & Partnerships” is open at its Silicon Valley headquarter. It requires someone with at least 15 years of experience in business development. The company wants a candidate who can “Lead, grow and mentor a global team of experienced business development professionals.”
For Facebook, partnerships and acquisitions have been the standard of doing business. It expanded its reach into instant messaging by buying WhatsApp for $19 billion. Later, it went on to buy Instagram for $1 billion and then Oculus, a virtual reality hardware developer, for $2 billion. The company has been expanding in different areas, turning into a humongous corporation in the process. The new dealmaker could help in forwarding the company’s mission to get another blockchain company on board.
The job posting doesn’t detail if mergers and acquisitions will be part of the business development lead’s job, but it states that such person will work on “strategy and investments while also negotiating and closing deals.”
What Is the Blockchain Team at Facebook Doing?
Little is known about the Facebook blockchain team and its functions. In his January 2018 mission statement, co-founder and CEO Mark Zuckerberg said that he is interested in blockchain technology as it decentralizes power, but nothing happened in the public eye for four months. However, in May, the leader of Facebook Messenger, David Marcus, was called upon to head a “small group to explore how to best leverage Blockchain across Facebook, starting from scratch.”
Marcus also served on the board of Coinbase, the largest crypto exchange in the US. He stepped down from his role in August. The company hasn’t revealed anything about its plans yet, but a close look at the job posting suggests that an artificial intelligence platform could be in the making. The company could also focus on “new ways to share information” while developing new financial services.
Facebook Is Looking for the Perfect Dealmaker for Its Blockchain Team was originally found on [blokt] – Blockchain, Bitcoin & Cryptocurrency News.