Google plans to build its own Blockchain in the future and thereby provide transactional services with the cloud.
According to a report in Bloomberg that is based on reliable sources, Google plans to build its own Blockchain and thereby provide operational services with the cloud.
One source says, "Alphabet develops its own distributed digital book that third parties can use to submit and verify transactions." At present, Google's cloud platform offers a variety of products with computing, storage, networking and other tools. While the company promises good security through Identity-Aware Proxy and multi-factor authentication, the central computer network is still a threat to users. So using decentralized technology will further strengthen Google's secure infrastructure.
Until now, Google has invested in Blockchain companies such as Sorj Labs, Blockchain, Ripple, LedgerX, Buttercoin and Veem.
In addition, a Google spokesman said, "We are investigating the potential uses of Blokchain technology as it is in many new technologies, but it is too early to speculate on possible uses and plans."