Sundar Pichai, CEO of Google’s parent company, revealed that they are looking closely at Web3 and blockchain. “We want to be pro-innovation.”
Alphabet the parent company of Google which develops internet, software and technology products and services, is closely monitoring the internet, software and technology space. Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. and the growing developments around the Web3.
The company’s CEO, Sundar Pichai, made his first comments on the latest technology trend and admitted that Alphabet is interested in moving in that direction. Pichai said the company is looking at how it can add value to this breakthrough that many of its Silicon Valley peers are already working on.
“ Whenever there is innovation, I find it exciting “, the CEO said about the technology underlying digital currencies during an earnings call on Alphabet. “ I think it’s something we want to support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. as best we can. “he added:
The web has always evolved and will continue to evolve, and like Google, we’ve benefited greatly from open source technologies, so we plan to contribute there.
Interest in Web3 and Blockchain
In the last few months, investors have started to show great interest in the Web3 a term that refers to an evolution of the internet built around Blockchain cryptocurrencies and digital property. Meanwhile, big tech companies such as Meta (antes Facebook ), Block a file containing information on transactions completed during a given time period. Blocks are the constituent parts of a blockchain. y Twitter have revamped their strategies to focus on digital assets.
When asked how he sees Alphabet the Web3, Pichai noted that there are several “ areas of interest ” for the company. He mentioned augmented reality as an example, pointing to plans to bring key services from Google to any virtual world that people may use in the future. He added that the company is also examining how it can use blockchain technology to power computing layers and services in the future. YouTube y Google Maps .
We are definitely targeting Blockchain. It is such an interesting and powerful technology with wide applications.
Along these lines, Pichai said that Google Cloud cloud servers are typically located throughout different data centers all over the world. the subsidiary of Alphabet of cloud storage service, you are looking for “ support customer needs “through platforms based on Blockchain . The comment seems to refer to the recent formation of a group focused on digital currencies and blockchain.
Google Cloud announced the new team last week, stressing that the intention is to “ supporting businesses in the digital digital technologies are these electronic tools that have the ability to generate, store or even process data. asset ecosystem/ Blockchain “. The company also indicated at the time that it is evaluating the possibility of allowing its customers to pay and make payments with cryptocurrencies.
“ Technology will continue to evolve and innovate, and we want to be pro-innovation and approach it that way. ” Pichai added.
Google opens up to cryptocurrencies
Statements by the executive director of Alphabet come on the heels of other comments from executives at Google that suggest the company is taking a renewed focus on digital assets.
Google which in the past has rejected cryptocurrencies, recently hired the former executive of PayPal Arnold Goldberg, to push a new financial services strategy that could include cryptocurrencies. He also announced that has partnered with the companies of the crypto industry, Coinbase is an American company that operates a cryptocurrency exchange platform. Global Inc. y BitPay bitPay is a Bitcoin payment service provider. Inc., to store cryptoassets on digital cards.
Meanwhile, other subsidiaries such as Google Cloud y YouTube have also shown interest in this sector. While the cloud service has launched its own dedicated crypto team, the video platform a place to buy, sell and store cryptocurrency is taking a close refers to the closing price; similar to the same term used in stock trading. look at the crypto craze. tokens Non-Fungible Products (NFT). The CEO of YouTube Susan Wojcicki, announced a few days ago that the company, which is owned by Alphabet , is exploring the possibility of integrating NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. features as a way to provide monetization tools to their creators.
Everything seems to indicate that Google is looking to take a more open approach with cryptocurrencies in the near future.
- Block will continue to focus on providing more and more support for Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. and its ecosystem, says Jack Dorsey
- Facebook and Instagram to offer features to create and sell NFTs, reports say
- Twitter rolls out new NFT feature for paid subscribers and Elon Musk isn’t a fan
Article versioned by Hannah Estefania Perez / DiarioBitcoin
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