By Facebook’s quest for blockchain recruits continues as the social media giant hunts for a lead commercial counsel for its efforts and developments of the technology.
A recent job specification posted on the company’s career page states that the role will be responsible for “drafting and negotiating a wide variety of contracts related our blockchain initiatives, including partnerships needed to launch new products and expand such products internationally.”
In addition to this, the role would also require the person responsible for advising clients on any legal risks as well as business strategies. Furthermore, the commercial counsel will oversee the development of Facebook’s relationships with key partners and all the commercial aspects of any products, services and programs.
The candidate also needs to “manage numerous deals” and is required to have proven legal qualifications specifically a J.D. degree and membership in at least one U.S. state bar.
In addition to this, the role also requires the candidate to have notable tech expertise with “5+ years of legal experience, including 4+ years of technology transactions experience,” particularly with blockchain or payments technology and related legal issues. “Strong interest in mobile and alternative payments.”
As reported before, Facebook’s endeavours related to blockchain-enabled payments has been common knowledge for the past few months and a report published back in February by the New York Times revealed that the social network has been at work on a token for payments across all the company’s media platforms including Whatsapp and Instagram.
As per the New York Time’s sources, Facebook’s cryptocurrency is expected to roll out during the first half of this year and will be stablecoin backed by a number of fiat currencies.
Another possible use case for blockchain that Facebook could be seeking to create is an integrated identity solution as revealed by CEO Mark Zuckerberg in a recent video interview with Jonathan Zittrain, a professor at Harvard Law.
Zuckerberg stated:
“Basically, you take your information, you store it on some decentralized system, and you have the choice to log into places without going through an intermediary.”
In addition to this, Facebook’s interest in the emerging technology is evident as the company has posted a further 20+ blockchain related positions since the year started.
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