January 28, 2022
The search engine giant’s division, Google Cloud, is now entering the blockchain market and has formed a group to build business around blockchain applications. Currently, Google and other major cloud computing establishments are into centralized business, this move could help to expand from advertising to become prominent in the decentralized industry.
Here is what we know so far
- Richard Widmann, head of strategy for digital assets at Google’s cloud unit told CNBC: “We think that if we do our jobs right, it will drive decentralization”.
- Google Cloud is already providing tools and services to build blockchain networks and has customers including Dapper Labs, Hedera and Theta Labs, along with other exchanges.
- Google also offers data sets that people can explore with the BigQuery service to view transaction history for bitcoin and other currencies. Now, Google is considering what kind of services it can offer directly to developers in the blockchain space, Widmann said.
- Along these major developments, Google Cloud’s “Google for Startups Cloud Program” is allowing consumers to enjoy one year of free access to the Google Cloud service. Thomas Kurian, Google’s cloud CEO, has identified retail, health care and three other industries as target areas. As customers in those sectors choose to adopt blockchain technologies, Google can help, Widmann said.
About the author
Priyanka Shetty is a full-time communication professional and a part-time crypto writer based in Bengaluru. She can write about crypto but not so much about herself. She says she is just a girl who wants to meet your dog