Social media network Facebook has reportedly acquired Chainspace in its first apparent blockchain-related acquisition, Cheddar reports on Feb. 4.
Sources purportedly told Cheddar that Facebook acquired Chainspace, a small blockchain startup, in an ‘acquihire,’ or an acquisition of a company made primarily for the skills or expertise of its staff, rather than the service or products the company provides.
Chainspace, which was founded by researchers from University College London, was reportedly developing a decentralized payments system using smart contracts.
more recommended stories
Five people stabbed at Manchester Arndale centre
Counter-terrorism police are leading an investigation.
PayPal first company to drop out of Facebook cryptocurrency Libra
PayPal has become the first company.
British Prime Minister Boris Johnson goads opponents to call election as Brexit chaos deepens
LONDON (REUTERS) – British Prime Minister.
Samuel L. Jackson’s voice coming to Amazon Alexa devices
Amazon has announced that its virtual.
UK parliament suspension not a matter for judges, Johnson’s lawyer tells Supreme Court
British Prime Minister Boris Johnson’s decision.
Facebook teams up with police to stop streaming of terror attacks
Facebook on Tuesday teamed up with.