Google is also working on its own private blockchain serving its cloud computing platform. This is stated by Bloomberg, who collects t...
Google is also working on its own private blockchain serving its cloud computing platform. This is stated by Bloomberg, who collects the testimonies of people close to the project.
Google would use the distributed registry that guarantees the secure and decentralized certification of transactions to ensure its customers the absolute security and inaccessibility of data stored in the data centers of the hi-tech giant. According to what was rebuilt by Bloomberg, Google would be creating a proprietary blockchain structure to realize and verify transactions, on the model of what happens with bitcoins.
The timing of the project is not clear, but the company focuses on blockchain, which would also be open to other companies to run it on their servers, to make its cloud service more competitive than its competitors.
Alphabet, the parent company of the search engine, has invested heavily in startups in the "distributed ledger" technology sector, making it one of the major investors of the past year together with Citigroup and Goldman Sachs. "Like many other innovative technologies, we have people in different teams who are exploring potential blockchain applications, but it is far too early to speculate on possible uses or projects."
Companies in diversified sectors are experimenting with the application of blockchain, the technology behind bitcoin and other cryptocurrencies. It is a distributed and decentralized registry that keeps track of all transactions carried out in an unmodifiable and replicated manner so that all the nodes of the network have a copy of the entire register. To certify bitcoin transactions are the miners, who carry out this activity that replaces the role of the central controlling and certification authority by selling remunerated in bitcoins. In the private blockchains, the usual ones adopted by the companies, the work of validating the transactions is carried out by the machines themselves within proprietary networks.
Alphabet, the parent company of the search engine, has invested heavily in startups in the "distributed ledger" technology sector, making it one of the major investors of the past year together with Citigroup and Goldman Sachs. "Like many other innovative technologies, we have people in different teams who are exploring potential blockchain applications, but it is far too early to speculate on possible uses or projects."
Companies in diversified sectors are experimenting with the application of blockchain, the technology behind bitcoin and other cryptocurrencies. It is a distributed and decentralized registry that keeps track of all transactions carried out in an unmodifiable and replicated manner so that all the nodes of the network have a copy of the entire register. To certify bitcoin transactions are the miners, who carry out this activity that replaces the role of the central controlling and certification authority by selling remunerated in bitcoins. In the private blockchains, the usual ones adopted by the companies, the work of validating the transactions is carried out by the machines themselves within proprietary networks.
