Blockchain: Google wants its own technology for the cloud
Google is working on a technology related to Blockchain, according to Bloomberg. A feature that should strengthen its offer of services on the cloud. Google would be on the hype of Blockchain technologies, according to Bloomberg .
It was known that the Mountain View firm was experimenting in this area, however, saying: ” We have individuals in various teams who are exploring the potential uses of the blockchain, but it is still too early to speculate on the uses. or possible plans “.
A Blockchain “made by Google”
Google could develop its own version of the technology allowing companies to exploit it on their servers. This blockchain technology developed by Google would provide functionality in Google Cloud.
What differentiate Google from some of its competitors in the cloud space.
Coincidentally, the cloud division of Alphabet’s subsidiary has unveiled several new security-oriented services at an event in New York.
This new Blockchain technology would be better suited for scaling up to ensure millions of transactions. This is one of the criticisms that is made to current platforms, such as Bitcoin, which allow to perform a handful of transactions simultaneously.
A very popular technology
The Blockchain is the hot topic of the moment. Many startups are currently using it to securely record transactions and process different types of data on the Internet.
Still according to Bloomberg, Google has already gotten hold of several startups specialized in the field, without these transactions have yet been unveiled.
The Blockchain is a technology that tracks assets and transactions in a distributed digital registry held on many computers, instead of a single, centralized database. This is particularly the foundation of crypto-currencies, such as Bitcoin, Ripple or Ether (based on the Ethereum platform).
Google is not the only big player in the IT sphere to take a close look at Blockchain technology. Big names in technology such as Microsoft, IBM and Intel are also hard at work in this area. IBM would have more than 1,500 employees in its blockchain group.
Meanwhile, Google also focused on the technology of open source consortium Hyperledger initiated by the Linux Foundation in 2015. The consortium includes many companies, like Cisco, Fujitsu, Hitachi, IBM, Intel, NEC, Red Hat , Baidu and Airbus.