Facebook buys Chainspace, the acquisition marks the first time a blockchain company has been acquired by this firm!
Facebook acquires blockchain company
On February 4, the world’s largest social networking service, Facebook, operated by Facebook, Inc. (hereafter Facebook),
was reported by the popular U.S. online media Cheddar to have acquired blockchain startup Chainspace.
Facebook makes first blockchain acquisition with Chainspace: sourceshttps://t.co/vZ6DE4vzDI pic.twitter.com/vR3ehAc6ej
— Cheddar (@cheddar)February 4, 2019
Facebook’s acquisition of a blockchain-related company is its first, and is seen as a strong sign that the company is moving toward full-scale adoption and implementation of cryptocurrency and blockchain technologies.
Cheddar, which reported this, also analyzed the Chainspace acquisition as follows.
【Japanese Translation】
The acquisition of Chainspace represents Facebook’s first move to become a major player in the still-developing blockchain industry, and it is the clearest sign of its ambition.
Chainspace, which was acquired by Facebook, is a company that aims to promote cryptocurrency payments, and by using blockchain technology, cryptocurrency payments and other services can be used more easily.
It was building a “distributed smart contract” system.
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