Alphabet exploring blockchain technology for flagship services
Google's parent company is reportedly exploring applying emerging tech to its main products and services. Google has started researching blockchain and how it may benefit Web 3.0 technology.According to a Tuesday statement from Sundar Pichai, the CEO of Alphabet — Google's parent company — the company is exploring integrating blockchain technologies into its flagship products and services.When asked how the firm views Web3, Pichai said there are several "areas of interest" for Alphabet, hinting at augmented reality and exploring how blockchain technology may be utilized to power computing....
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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....
After revealing Alphabet Inc.’s Google Cloud partnership with Coinbase, the multinational technology conglomerate holding company has announced the firm’s “Google Cloud Blockchain Node Engine.” While more blockchains will be supported, Google said that “Ethereum will be the first blockchain supported by Blockchain Node Engine.” Google Launches Cloud-Based Blockchain Node Engine Alphabet Inc., otherwise known as Google (Nasdaq: GOOGL), revealed the firm’s newly launched Google Cloud Blockchain Node Engine on Thursday. The reason Google decided to release the engine is because it believes....
According to a new report by Accenture a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations; 9 out of 10 major banks in North America and Europe are exploring the use of Blockchain technology for payments. The report entitled Blockchain Technology: How banks are building a real-time global payment network is based on a survey of 32 top commercial banking professionals and was designed to assess their views on the potential of the Blockchain technology to transform the payments business.....
On August 11, 2016, the World Economic Forum (WEF) released a 300-page report entitled "The future of financial infrastructure: An ambitious look at how blockchain can reshape financial services," exploring how the financial sector “could overcome current-state pain points through distributed ledger technology (DLT).” The WEF has been one of the most vociferous advocates for the potential of the blockchain technology. Bitcoin Magazine reported that in 2015 the WEF predicted that blockchain technology was one of the 21 changes in technological transformations and that the tipping....
These non-financial capabilities of the blockchain have piqued the interest of established players across industries worldwide. It is not unthinkable to see distributed ledger technology make headway across multiple online services and platforms, including payments. Although some people might still see digital identity and authentication services as a niche market, government officials in various countries are working on achieving a similar goal. A surprising news was announced over in Australia recently, as Australia Post is exploring the options of using blockchain technology for their....