HomeCoinsBitcoin (BTC)Google Exploring Blockchain Products — CEO Shares Web3 Strategies – Featured Bitcoin...

Google Exploring Blockchain Products — CEO Shares Web3 Strategies – Featured Bitcoin News

- Advertisement -


Google has shared some details of its web3 and blockchain strategies. “As a company, we are looking at how we might contribute to the ecosystem and add value,” said Sundar Pichai, the CEO of Google and its parent company, Alphabet Inc.

Google’s Web3 and Blockchain Strategies

The CEO of Alphabet Inc. and its subsidiary Google, Sundar Pichai, shared some information on the group’s blockchain strategy during the company’s Q4 earnings call last week.

Pichai was asked about his view on web3 and Alphabet’s approach to the industry. “Anytime there is innovation, I find it exciting,” the Google CEO began, elaborating:

On web3, we are definitely looking at blockchain, and such an interesting and powerful technology with broad applications, so much broader, again, than any one application.

“As a company, we are looking at how we might contribute to the ecosystem and add value,” he continued, adding:

Just one example, our Cloud team is looking at how they can support our customers’ needs in building, transacting, storing value, and deploying their products on blockchain-based platforms.

“So we’ll definitely be watching the space closely and supporting it where we can. Overall, I think technology will continue to evolve and innovate and we want to be pro-innovation and approach it that way,” the CEO opined.

Google’s Cloud division recently formed a group to build business around blockchain applications. Richard Widmann, head of strategy for digital assets at Google’s Cloud unit, said the group plans to hire a slew of people with blockchain expertise. “We think that if we do our jobs right, it will drive decentralization,” he was quoted by the media as saying.

The executive added that Google is currently considering what types of services it can offer directly to developers in the blockchain space. Thomas Kurian, Google’s cloud CEO, has identified a number of areas, including retail and health care.

Shivakumar Venkataraman, an engineering vice president for Google, is now running a unit focused on “blockchain and other next-gen distributed computing and data storage technologies,” Bloomberg reported last week.

What do you think about Google’s web3 and blockchain strategies? Let us know in the comments section below.

Google Exploring Blockchain Products — CEO Shares Web3 Strategies – Featured Bitcoin News
Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





Source link

- Advertisement -
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,583FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 42,452.00
ethereum
Ethereum (ETH) $ 3,068.96
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 335.96
litecoin
Litecoin (LTC) $ 127.47
eos
EOS (EOS) $ 2.59
okb
OKB (OKB) $ 22.45
tezos
Tezos (XTZ) $ 3.98
leo-token
LEO Token (LEO) $ 5.24
cardano
Cardano (ADA) $ 1.18
monero
Monero (XMR) $ 176.13
stellar
Stellar (XLM) $ 0.234032
chainlink
Chainlink (LINK) $ 18.41
huobi-token
Huobi Token (HT) $ 10.07
tron
TRON (TRX) $ 0.0673
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 110.52
neo
NEO (NEO) $ 23.21
iota
IOTA (MIOTA) $ 0.953595
nem
NEM (XEM) $ 0.115777
zcash
Zcash (ZEC) $ 124.12
maker
Maker (MKR) $ 2,208.17
paxos-standard
Pax Dollar (USDP) $ 0.998441
ethereum-classic
Ethereum Classic (ETC) $ 31.48
vechain
VeChain (VET) $ 0.063307
true-usd
TrueUSD (TUSD) $ 0.999001
ftx-token
FTX Token (FTT) $ 46.38
kucoin-shares
KuCoin Token (KCS) $ 20.13
waves
Waves (WAVES) $ 10.91