Mark Zuckerberg, CEO of Facebook, announced plans to study blockchain technology to improve the social networking website.

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“There are important counter-trends to this – like encryption and cryptocurrency – that take power from centralized systems and put it back into people’s hands…I’m interested to go deeper and study the positive and negative aspects of these technologies, and how best to use them in our services,” Zuckerberg said.

In a Facebook post, Zuckerberg explained the goal of the study is to find the “”positive and negative aspects” of cryptocurrency and encryption.

“I’m looking forward to bringing groups of experts together to discuss and help work through these topics,” Zuckerberg wrote.

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