Facebook could unwittingly be the world’s best advertisement for blockchain.
Even as the social media giant tries to shore up its privacy regime after data securities issues exposed the data of about 3 million users, privacy and security are likely to dog it—along with every other Internet-based company.
The good news is there may be a silver lining: The constant drumbeat of high-profile hacks of companies like Facebook, Target (TGT, +1.65%), and Equifax could accelerate the tipping point when the public embraces the notion that the Internet we depend on is truly broken, and when alternatives like blockchain gain greater acceptance.