Google Labs: Google’s blockchain and distributed computing unit

Google Labs is the new division created by Google whose mission is to delve into the distributed computing and blockchain space and will be led by the technology corporation’s vice president of engineering, Shivakumar Venkataraman.

According to the recently released report by Bloomberg, the unit will be focused on “blockchain and other next-generation distributed computing and data storage technologies.” Labs will have as its main objective to develop Google’s virtual and augmented reality technology.

Although the word metaverse has not been mentioned at any time by the company’s authorities, it is considered that it will be incorporated into this new division and thus be able to keep up to date and compete with its rivals such as Meta.

Google’s parent company, Alphabet Inc., with the formation of a working group dedicated to Distributed Ledger Technology (DLT), intends to delve deeply into blockchain, but no further details were known about the possibility of developing its own accounting solution. enterprise distributed.

Google focused on blockchain technology

Although Google has not publicly declared that it is carrying out any development on blockchain technology, it has been carrying out different actions that target and impact the sector, such as the fact of offering cloud services to different companies directly linked to this technology and to cryptocurrencies.

According to the statements issued by the company’s president of trading, Bill Ready “Cryptocurrencies are something that we pay a lot of attention to. As user demand and merchant demand evolves, we will evolve with it” he stressed.

During 2021, the company made alliances with other organizations and cryptocurrency exchange houses, such is the case of the association made between Google Pay and Coinbase, with the purpose of storing cryptoactives in “digital cards”, while users continue to pay in currencies. traditional.

Additionally, last September “Google Cloud partnered with Dapper Labs to collaborate on the scalability of the network in its Flow blockchain”, considered as the mainstay of various decentralized applications (DApps) and NFT collections.

M. Rodríguez

Source: en.beincryto.com