The blockchain-powered Web3 intends to decentralize cloud data storage, which is currently dominated by huge tech companies like Amazon and Microsoft. The world’s most popular search engine is considering entering this lucrative area.
Google’s cloud division, whose parent company has apparently moved its primary revenue stream from advertising to cloud computing, has announced the formation of a new team dedicated to the development of blockchain infrastructure.
In an email to his coworkers, Amit Zavery, a vice president at Google Cloud, stressed the importance of building a blockchain-focused team as the field’s leader, according to CNBC.
Zavery stated that the company is a technology supplier for blockchain entities rather than a direct bitcoin participant.
Zavery wrote, “we’re not trying to be part of that cryptocurrency wave directly. We’re providing technologies for companies to use and take advantage of the distributed nature of Web3 in their current businesses and enterprises.”
Google, according to Zavery, could create a system that makes blockchain data easier to browse while also simplifying the process of constructing and running nodes, which are necessary for confirming and recording transactions.
The vice president believes the core technologies underpinning Web3 will “find their way into the mainstream” as blockchain applications continue to enter areas like financial services and retail. He even talked about introducing Google’s tools to Amazon Web Services’ surroundings.
Back in February, Sundar Pichai, the CEO of Alphabet Inc., the parent company of Google, disclosed that he constantly observes the blockchain sector and the Web3 world. Both are “exciting,” he had stated, and his firm is working to move in that direction.
