Mark Zuckerberg, the CEO of Facebook, is mulling over the idea of applying the blockchain technology to the user authentication process in order not to rely on the third parties.
Mark Zuckerberg in the posted video interview with Harvard Law professor Jonathan Zittrain said that he was evaluating the possibility but saw no apparent way to implement the blockchain technology at the moment. According to the CEO, such a system will attract software developers that are not willing to rely on corporations that can restrict users to access certain resources. On the other hand, the approach will make it impossible to counteract intruders.
During the interview, Facebook CEO stated that If the company opts to use blockchain, it may result in the closure of its Facebook Connect service which is used to authenticate users on third-party sites.
Pursuant to Zuckerberg, a truly distributed system will allow his company to notably expand user capabilities and improve regulation of large divisions. Nevertheless, he believes that the final decision will depend on the public and its feedback, whether it wants to conduct its activities without intermediaries given a higher threat of data leaks and more complicated data processing or not.
Mark Zuckerberg also stressed that decentralized technologies still have a lot of technical bottlenecks that prevent its wide usage.
"Decentralized things that are computationally intensive will be harder. They’re harder to do computation on, but eventually, maybe you have the resources to do that," he concludes.