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Facebook Announces New Appointments In Blockchain Division

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Facebook appointed senior engineer Evan Cheng as the Director of Engineering, blockchain.

The LinkedIn profile of Cheng has moved from the position of director of engineering at Facebook to the position of Director of Engineering, Blockchain. For the past three years, he was responsible for heading Programming Languages & Runtimes at the company.

He is also listed as an advisor to blockchain startups and projects Zilliqa and ChainLink. He has earlier worked at Apple for over 10 years.

Besides Cheng, the company reportedly has promoted Kevin Weil, former vice president of product at Instagram, as the vice president of product at their Blockchain division.

The new appointments in the Blockchain division signals that the social media giant is getting more serious about the new generation technology, which is behind bitcoin and other cryptocurrencies.

Since launching the blockchain division in early May, David Marcus, Facebook's vice president for its Messenger App division, was in charge to set up a team to explore how to use blockchain technology across Facebook.

Facebook, which had banned advertisements related to cryptocurrencies and initial coin offerings in January, in late June decided to allow ads on digital currencies with pre-approval. However, the prohibition on ads related to initial coin offerings or binary options will continue.

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