Google starts blockchain department-blockchain

The software giant Google has reportedly founded a new blockchain-based department within its Labs group. The department will also deal with other technologies for distributed arithmetic and data storage. While the company was shy away from connecting with any form of cryptocurrency, Bill Ready, President of Google, said on January 19 that this area was paid great attention.

Google becomes blockchain

reports Google is one of the largest software companies in the world Start a new blockchain department as part of his Labs group. The blockchain department is led by Shivakumar Venkataraman, a technical vice president of Google. According to a email received by Bloomberg, the department will concentrate on "Blockchain and other distributed computer and data storage technologies of the next generation".

Although the company was involved in certain blockchain projects, it was very careful to be associated with a certain cryptocurrency. The new blockchain department is geared towards experimenting with these decentralized technologies under the roof of the Labs group. laboratory is Experimental department that summarizes all AR and VR efforts and other potential projects in the technology area. The new Google Labs group also includes an internal incubator for projects called Area 120.

Even the company, whose attitude to crypto was delicate prohibited all cryptocurrency-related advertising, Including initial coin offers, crypto exchanges, cryptocurrency wallets and cryptocurrency trade advice from its platform, has changed.

Since then there was a partnership with Münzbasis and bitpay , two cryptocurrency exchanges that enable customers Save digital cards. However, the company still does not accept cryptocurrency transactions. Also last year the company also colored partnership with Bakkt, a digital platform that enables users, To output cryptocurrencies with your card on the Google Pay platform.

The Commercial President of Google, Bill Ready, commented on the vision that the company has in terms of cryptocurrencies and its possible use. Ready explained at the time:

crypto is something that we pay a lot of attention. If the demand from users and dealers develops, we will develop with.

The company also a former PayPal manager, Arnold Goldberg, to include new services, including cryptocurrencies, in its platform.

What do you think of the start of Google's blockchain division? Tell us in the comment area below.

Sergio Göschenko

sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late in the game and entered the cryptosphere when the price increase took place in December 2017. He has a background as a computer engineer, lives in Venezuela and is affected by the cryptocurrency boom on a social level. It offers a different perspective on the crypto success and how it helps those who have no bank account and are under-supplied.

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