Recently, Google has been keeping a close eye on other start-up companies. Within the company, there would be plans to build a blockchain yourself. This would be a giant step for a company like Google.
Bloomberg would have sources that argue that Google would have plans to build a kind of Cloud system. Companies could use this as a service. A Blockchain would manage the Cloud. However, via the Google Cloud, financial transactions should also be executed online. A service that Google has not yet offered.
Even though Google offers its users a lot of privacy and security, this system is not optimal yet. There are still enough hackers who can hack into the secure network of Google. The company has seen that a Blockchain is much better secured than their own system. This would make a Blockchain interesting to use for a new service or to improve the current service.
Google has already invested in several Blockchain start-ups
It is not new that Google shows interest in Blockchain technology. The company has already invested money in a number of start-ups such as Ripple, LedgerX, Veem and Sorj Labs. However, Google does not let go of any cooperation with these companies. In addition, the company does not release anything about what they intend to do with it.
Google itself says that they, like other companies, are interested in Blockchain technology. They are looking at how they can benefit from this technique themselves. However, this does more companies without actually doing anything with it, the company says.
It is striking that Google just came out with the news last week that they are blocking crypto-related ads. This would stand in the way of new start-ups to grow big. A potential that Google is now investing itself in.
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