Mark Zuckerberg’s elder sister Randi Zuckerberg has joined Huobi on its advisory board as per the official source. She worked for Facebook for more than six years. With this, she found Zuckerberg Media and currently holding her position as CEO. Randi will focus more on developing new public blockchain at Houbi by leveraging her experience.
Besides her joining, Bitmain Jihan Wu, CEO of Chinese mining giant will join Huobi Chain Expert Advisory Committee to offer his expert opinion and advice for the Huobi public chain. Both these experts on the committee will offer guidance on numerous topics ranging from basic technology of blockchain to commercial modeling, industrial applications and most important topics like governance and development issues.
In June this year, Houbi Chain Project launched by Huobi to create a next-generation self-regulating and decentralized financial platform. The formal announcement was done saying that the project’s mission is to offer both individuals and organizations with a trusted financial protocol for fundraising, value exchange, securitization among other important topics. Huobi was founded in 2013 which is the fourth largest crypto exchange globally in terms of volume of trade. When the news formally announced, at that time Huobi had a 24-hour volume of trade of around $582 million.
The social giant, Facebook has already encroached into the blockchain space. In May this year, the company created a small group to research how to leverage optimally the new age technology – Blockchain technology across the entire ecosystem of Facebook. David Marcus, Head of Facebook’s messaging app messenger circulated the message in a post on his personal page.
Afterward, Facebook was exploring to launch its own cryptocurrency an in-app virtual coin as reported by news media outlet Cheddar. In June this year, Facebook moved back of its crypto advertising restriction which was effected since January this year. As per the new policy, the advertisers of cryptocurrency products and services to submit an application to let Facebook evaluate their eligibility criteria. Those who want to use the cryptocurrency based products and services must have licenses in order to execute trading on a public stock exchange along with their credentials in place.
Let us not forget that any new age technology used by users with proper identification in place, will help to run the process more transparently likewise how Facebook crafted its policy!!