Facebook's Bet on Blockchain-Four More Job Postings

Facebook is filling positions for four different blockchain engineering roles.

Facebook is continuing its plan of "Studying the positive and negative aspects" of blockchain technology.

An interesting take, considering that Facebook is an enormous silo of centralized information with market dominance over the social media industry.

Facebook has been battling over the intersection of data privacy and monetization for years.

These statements allude to Facebook's consideration of blockchain and cryptocurrency since the beginning of this year, at least from the CEO's perspective.

Facebook has attempted to both respect data privacy and sovereignty, while also trying to maintain a profitable bottom line.

Putting "Power back in the hands of the people" sounds good on paper, but would mean that Facebook may have to sacrifice control and profitability.

Even in the midst of the crypto market downturn, Facebook appears to be willing to make investments into developing blockchain tech.

As a company, Facebook's bankroll could lead to innovation in the segment, exemplified by Facebook's purchase of Oculus for a minuscule $2 billion.

Facebook is not the only Fortune 500 tech company looking to stake a claim in blockchain development.