Google has began researching blockchain and the way it might profit Web3 know-how.
According to a Tuesday assertion from Sundar Pichai, the CEO of Alphabet — Google’s mother or father firm — the corporate is exploring integrating blockchain applied sciences into its flagship services and products.
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 know-how 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 assist the most effective we are able to […] The Internet 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 workforce, a brand new firm space that competes with the likes of Amazon Internet Providers and Microsoft, is exploring the way to fulfill buyer calls for by means of blockchain-based platforms.
Notably, these are simply the preliminary concepts Alphabet has made concerning the brand new decentralized net. Different organizations, together with outstanding 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 companies 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 project. Google, nonetheless, has remained on the sidelines till now.
Pichai wouldn’t handle Google’s cryptocurrencies efforts throughout 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 ultimately canceled.