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
Britain’s hospitality trade warns of more than half a million job losses
Britain’s hospitality trade is likely to.
Donald Trump’s physician says president is fever-free and not on oxygen
White House doctor Sean Conley said.
Assange warned he will be removed from London court if outbursts continue
LONDON (Reuters) – Julian Assange, the.
Social media giant Facebook promises cheaper internet in Africa
American social media giant Facebook says.
Reasons why forex trading is exploding in Africa, and why it matters
In recent years, and especially during.
Social Media has changed the way events and news are reported
Two weeks ago perhaps only a.