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Facebook acquires blockchain company – industry reacts
Facebook recently acquired Chainspace, a smart contract protocol development and research firm. It is the latest move for the company as it seeks to develop its blockchain capabilities.
What does this move signify for the blockchain industry? A trio of industry insiders shares their thoughts below.
Casey Kuhlman, Co-founder and CEO of
, A blockchain-native SAAS company on a mission to change the way people consume and manage their legal agreements, said:
“The recent news on Facebook’s acquisition of the smart contract platform Chainspace is indicative of blockchain’s ability to transform industries such as legal, banking, healthcare – the list goes on! In particular, we have seen the focus shift towards use-cases as people continue to gravitate towards projects working to solve real-world problems. Smart contracts simply make business contracting more efficient – offering a more fluid, inclusive, and customise