Cloud data storage, mostly controlled by big techs like Amazon and Microsoft, is partly what it is Blockchain-powered Web3 wants to revolutionize through decentralization. The largest search engine in the world is planning its advance into such a promising field.
Google’s cloud group, whose parent company has reportedly shifted its main revenue stream from advertising to cloud computing, has announced the formation of a new team dedicated to building blockchain infrastructure.
Google’s Web3 Efforts
Amit Zavery, a vice president at Google Cloud, expressed the urgency of developing a blockchain-focused team to lead such a space in an email sent to his staff, CNBC reported.
Zavery clarified that the company positions itself more as a technology provider for blockchain entities than as a direct participant cryptocurrency positioned.
“We are not trying to be a direct part of this cryptocurrency wave. We are providing technologies that enable businesses to embrace and leverage the distributed nature of Web3 in their current businesses and businesses.”
Zavery noted that Google could develop a system to make blockchain data easy for humans to explore while simplifying the process of building and running such nodes, which is essential for validating and recording transactions.
The vice president believes that the enabling technologies for Web3 “may find their way into the mainstream” as blockchain applications continue to penetrate industries like financial services and retail. He even advocated bringing Google’s tools into the environments of competitors like Amazon Web Services.
Google’s blockchain forays
Back in January, Google’s cloud unit laid out plans for a digital assets team to work with clients after NFTs have grown exponentially. The search engine giant mentioned that it is studying how to connect customers to cryptocurrency digital payments.
Google CEO Sundar Pichai has previously expressed a strong interest in blockchain technology, calling it “interesting and powerful.” He added that the company appears to have been “looking at blockchain and Web3” and planning to support that technology.
Source: Crypto News Deutsch