Google Builds A Team To Work On The Blockchain

It has been revealed that Google has set up a new unit to be involved in blockchain technology. Shivakumar Venkataraman, a senior executive at Google, heads the unit, according to Bloomberg. The company will work on distributed computing systems and data storage in this unit.

According to a report in Bloomberg, the US-based technology giant Google, established a new unit to enter blockchain technology. According to Bloomberg officials who reported that they had reached an e-mail, the head of the unit established was Google’s vice president of engineering. Shivakumar Venkataraman. So what plans does Google have?

According to Bloomberg’s report, Google’s first attempts on blockchain technology, distributed computing systems and data storage it will be. However, what will be done in these areas is currently unknown. Stating that they reached a Google spokesperson, Bloomberg editors said that they could not find any information they announced.

Could Google have other plans on the blockchain?

There could be several reasons why Google got into blockchain technology. The first of these is the blockchain. himself It can offer great advantages for Google. The company, which already provides important services through cloud servers, creates private networks thanks to the blockchain and provides services for businesses. faster processing can offer the opportunity. Or, although the company has not taken kindly to it so far, it will introduce a new approach in the future. cryptocurrency project may appear with.

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In addition to all this, Google Metaverse and Web 3.0 He may be preparing for it. As a matter of fact, this possibility is very strong. Because, according to the allegations that have been circulating for a while, Google is a new generation virtual reality glasses continues to work on it. These glasses can reveal a new Metaverse world with it. However, it is too early to talk about this right now. In the coming periods, Google’s plans for blockchain technology more clearly can reveal.

If you want to fully understand blockchain technology, here You can browse our content.

Source :
https://www.bloomberg.com/news/articles/2022-01-19/google-forms-blockchain-group-under-newly-appointed-executive


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