With some cautions on its use.
Google Is Working on Its Own Blockchain-Related Technology
Bloomberg By Olga Kharif; Mark Bergen; Joe Mayes In Bloomberg
Google researchers are developing blockchain-related technology to support its cloud business and ward off competition from emerging startups. Google insiders recently noted the cloud business is a natural place for blockchain-related services. To construct its ledger, Google has explored technology from the Hyperledger consortium, but it could choose another type that may be less difficult to scale to run millions of transactions. Google's Sridhar Ramaswamy says his division has a "small team" investigating blockchain, but the current core technology cannot accommodate many transactions quickly. One possible application of blockchain technology by Google could entail reassuring its customers that their information is shielded when stored on the giant network of computer servers that power Google's cloud services. "Like many new technologies, we have individuals in various teams exploring potential uses of blockchain but it's way too early for us to speculate about any possible uses or plans," says a company spokesperson. ...
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