NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Google’s Parent Company, Alphabet, Is Developing Blockchain-Based Solutions for its Cloud

newsbtc
newsbtc
7 years ago
3 mins read
alphabet

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

According to people familiar with the situation, Alphabet Inc., Google’s parent company, is developing its own blockchain-based distributed digital ledger that third parties can use to post and verify transactions.

Several people in Google’s infrastructure group, which reports to cloud chief Diane Greene, have been working with blockchain protocols in recent months, according to another person familiar with the company. Other Google insiders have recently pointed out that the cloud business is a natural place for blockchain-related services.

It’s certainly not a surprise Google is interested: the market for blockchain products and services is expected to grow from $706 million last year to more than $60 billion in 2024, according to WinterGreen Research.

Acquisitions

As of late, the internet giant has been acquiring and investing in startups with digital ledger expertise. Many of these deals haven’t been announced, the sources noted. Still, Alphabet was a leading corporate investor in the field last year, ahead of Bank of America, Citigroup Inc., and Goldman Sachs Group Inc., according to research firm CB Insights. 

Although the timing of any product release is unclear, the company plans to offer this blockchain service to differentiate its cloud service from rivals. It will also provide a “white-label” version that other companies can run on their own servers. Those who spoke about these developments asked not to be identified because the company isn’t ready to make an announcement yet.

“Like many new technologies, we have individuals in various teams exploring potential uses of blockchain but it’s way too early for us to speculate about any possible uses or plans,” a Google spokesman said.

Blockchain-based Google Cloud

It was in 2016 that Google started a trial for developers testing blockchain services on its cloud. The company is now exploring much more expansive ways to deploy the technology, the people said.

To build its ledger, Google has looked at technology from the Hyperledger consortium, but it could opt for another variant that may be easier to scale to run millions of transactions: Sridhar Ramaswamy, Google’s advertising chief, said at a recent conference that his division has a “small team” looking at blockchain, but noted the existing core technology can’t handle a lot of transactions quickly.

Traditionally, when Alphabet wants to keep up with emerging technology, it often backs startups in the field and makes small acquisitions to recruit talent. So far, GV — Alphabet’s venture capital arm — has invested in wallet service Blockchain Luxembourg, financial transactions network Ripple, cryptocurrency asset management platform LedgerX, and international payments provider Veem, according to CB Insights.

“You’re going to see an unbelievable amount of R&D expenditures go into this,” said Jeff Richards, a managing partner at venture firm GGV Capital. “Everybody learned from the internet and mobile that you can’t afford to wait.”

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Comments 1

  1. Marko Novak says:
    8 years ago

    Yea man, looking foward for more push and dumb technology!

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 1

  1. Marko Novak says:
    8 years ago

    Yea man, looking foward for more push and dumb technology!

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

bitcoin

Analyst Says 55% Chance Bitcoin Bull Run Isn’t Over Yet – Here’s Why

While Bitcoin (BTC) has declined more than 13% from its fresh all-time high (ATH) of $126,199 recorded earlier this month...

Ash Tiwari 1 day ago
Crypto

Crypto Winter Looms: These Key Signals Point To A Deeper Crash Ahead

The broader crypto market is currently navigating a phase of uncertainty, with concerns mounting over the possibility of a new...

Ronaldo Marquez 1 day ago
bitcoin

Bitcoin Enters ‘Disbelief Phase’ – Could Short Sellers Face The Next Squeeze?

After the massive crash on October 10 – which saw Bitcoin (BTC) touch $102,000 before recovering some losses – some...

Ash Tiwari 2 days ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

bitcoin

Bitcoin’s Next Bull Phase Could Be Near As BTC-Stablecoin Ratio Plummets

Ash Tiwari 5 hours ago

Blockchain.com Valuta la Quotazione in Borsa Tramite SPAC. Segnale Positivo per il Mercato Crypto? Di Seguito Le Migliori Crypto del Momento.

Orfeo Barone 16 hours ago
Bitcoin

Gold Rotation Impact: Bitwise Warns Bitcoin Could Skyrocket To $242,000

Ronaldo Marquez 1 day ago

Premium Sponsors

Press Releases

  • イーサリアム 今後の価格予測:12月に史上最高値の可能性、新興プレセール銘柄が注目を集める

    イーサリアム...

    17 hours ago
  • ビットコイン 今後:12億ドル規模のETF資金流出で10万7,000ドルのサポートが注目点に

    ビットコイン...

    17 hours ago
  • シバコイン 今後の価格予測:2025年強気相場に向けて再浮上の兆し、トークンバーンは上昇の鍵となるか

    シバコイン...

    17 hours ago
  • パイネットワーク価格予測:メインネットの噂で注目上昇、初期投資家に利益の可能性はあるか?

    ...

    17 hours ago
  • Have Dogecoin - Count It Toward Your Mortgag

    Có Dogecoin? Dùng để trả thế chấp – và lý do...

    18 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.