Google has shared some details of its web3 and blockchain strategies. “As a company, we are looking at how we might contribute to the ecosystem and add value,” said Sundar Pichai, the CEO of Google and its parent company, Alphabet Inc.
Google’s Web3 and Blockchain Strategies
The CEO of Alphabet Inc. and its Google subsidiary, Sundar Pichai, shared insights into the group’s blockchain strategy during the company’s fourth quarter earnings call last week.
Pichai was asked about his view on web3 and Alphabet’s approach to the industry. “Anytime there is innovation, I find it exciting,” the Google CEO began, elaborating:
On web3 we are definitely looking at blockchain, and such an interesting and powerful technology with wide applications, so much wider, again, than any application.
“As a company, we are looking at how we might contribute to the ecosystem and add value,” he continued, adding:
To cite just one example, our Cloud team is looking at how it can meet our customers’ needs for creating, transacting, storing value, and deploying their products on blockchain-based platforms.
“So we’ll definitely be watching the space closely and supporting it where we can. Overall, I think technology will continue to evolve and innovate and we want to be pro-innovation and approach it that way,” the CEO opined.
Google’s cloud division recently formed a group to develop business around blockchain applications. Richard Widmann, head of digital asset strategy for Google’s Cloud unit, said the group plans to hire a large number of people with blockchain expertise. “We believe that if we do our job well, it will lead to decentralization,” he told media.
The executive added that Google is currently considering what types of services it can offer directly to developers in the blockchain space. Thomas Kurian, Google’s cloud CEO, has identified a number of areas, including retail and health care.
Shivakumar Venkataraman, vice president of engineering at Google, now leads a unit focused on “blockchain and other next-generation distributed computing and data storage technologies,” Bloomberg reported last week.
