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In addition, Google’s CEO has discussed Web3 strategies

Google has revealed some information about its web3 and blockchain strategies. “As a company, we’re looking at how we can contribute to the ecosystem and add value,” said Sundar Pichai, CEO of Alphabet Inc., Google’s parent company.

Web3 and Blockchain Strategies at Google

Sundar Pichai, the CEO of Alphabet Inc. and its subsidiary Google, revealed some details about the company’s blockchain strategy during the company’s Q4 earnings call last week.

Pichai was quizzed on his thoughts on web3 and Alphabet’s approach to the industry. “Anytime there is innovation, I find it exciting,” Google CEO Larry Page began, adding:

We are definitely looking at blockchain on web3, and it is such an interesting and powerful technology with broad applications, much broader than any single application.

“As a company, we’re considering how we can contribute to the ecosystem and add value,” he continued, adding: “For example, our Cloud team is considering how they can support our customers’ needs in building, transacting, storing value, and deploying their products on blockchain-based platforms.”

“As a result, we’ll be keeping a close eye on the space and assisting where we can.” Overall, I believe technology will continue to evolve and innovate, and we want to be pro-innovation in our approach,” said the CEO.

Google’s Cloud division recently formed a group to develop blockchain-related business. According to Richard Widmann, head of strategy for digital assets at Google Cloud, the company plans to hire a slew of blockchain experts. “We believe that if we do our jobs correctly, it will drive decentralisation,” he was quoted as saying by the media.

Google is currently considering what types of services it can offer directly to blockchain developers, according to the executive. Google’s cloud CEO, Thomas Kurian, has identified a number of areas, including retail and health care.

According to Bloomberg, Shivakumar Venkataraman, a Google engineering vice president, is now in charge of a unit focused on “blockchain and other next-gen distributed computing and data storage technologies.”

 

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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