Google is the latest tech giant to show a strong commitment to stepping into Web3.
Cloud data storage, primarily controlled by big techs like Amazon and Microsoft, is partly what the blockchain-powered Web3 aims to revolutionize through decentralization. The largest search engine in the world is planning its foray into such a promising field.
Google’s cloud group, whose parent company has reportedly shifted its major source of revenues from advertisement to cloud computing, has announced forming a new team specifically for building blockchain infrastructure.
“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.” Zavery noted that Google could develop a system for making blockchain data easy for people to explore while simplifying the process of building and running such nodes, which is essential for validating and recording transactions.The vice president believes as blockchain applications continue to infiltrate into industries such as financial services and retail, the foundational technologies for Web3 could “find their way into the mainstream.
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