Google Cloud Is Betting on Blockchain and Could Accept Crypto Soon

Google’s  (GOOGL) – Get Alphabet Inc. Class A Report Cloud has launched a new enterprise that will focus on blockchain applications in an effort for the internet behemoth to expand its services to other industries. 

The new group will focus on the health care and retail sectors, according to Thomas Kurian, Google’s cloud CEO, according to CNBC. For many years Google has focused on advertising and emerging as a more dominant player for cloud storage could be  positive move.

It will hire people who have blockchain experience, Richard Widmann, head of strategy for digital assets at Google’s cloud unit, told CNBC in an article. These employees will be part of the company’s plan to increase decentralization.

Companies working in blockchain and distributed-ledger-based companies  such as Dapper Labs, Hedera and Theta Labs are already using Google Cloud for scalability and security, the company said in a blog post.

Other companies will be able to build, transact, store value and launch on products via blockchain-based platforms. 



This news is republished from another source. You can check the original article
here

Be the first to comment

Leave a Reply

Your email address will not be published.


*