Alphabet exploring blockchain expertise for flagship providers

Google has began researching blockchain and the way it could profit Web3 expertise.

In line with a Tuesday assertion from Sundar Pichai, the CEO of Alphabet — Google’s mum or dad firm — the corporate is exploring integrating blockchain applied sciences into its flagship services.

When requested how the agency views Web3, Pichai mentioned there are a number of “areas of curiosity” for Alphabet, hinting at augmented actuality and exploring how blockchain expertise could also be utilized to energy computing and repair layers like YouTube and Google Maps. He mentioned:

“Any time there may be innovation, I discover it thrilling, and I feel it’s one thing we wish to help the most effective we are able to […] The Net has all the time advanced, and it’s going to proceed to evolve, and as Google, now we have benefited tremendously from open-source applied sciences, so we do plan to contribute there.”

Pichai additionally famous that Google’s cloud crew, a brand new firm space that competes with the likes of Amazon Net Providers and Microsoft, is exploring find out how to fulfill buyer calls for by way of blockchain-based platforms.

Associated: Google Cloud ramps up blockchain efforts by launching digital belongings crew

Notably, these are simply the preliminary concepts Alphabet has made concerning the brand new decentralized internet. Different organizations, together with distinguished Silicon Valley IT titans, have been much more proactive in adopting Web3 than Google.

Block, Twitter, Microsoft and Meta have unveiled their plans for Web3 and providers that make the most of cryptocurrencies. As reported by Cointelegraph, Polygon (MATIC) teamed up with a Reddit co-founder to launch a $200 million Web3 gaming venture. Google, nevertheless, has remained on the sidelines till now.

Pichai wouldn’t handle Google’s cryptocurrencies efforts through the name.  Twitter has plans to combine digital currencies into the platform’s creator tipping service. Meta had comparable expectations for the Diem stablecoin venture, which was in the end canceled.