Google Labs: Google deals with blockchain technology – the future use of data storage?

Google continues to invest in new product areas and technologies, which promise a lot in the future — and that’s becoming very evident again these days: according to a report, under the umbrella of Google Labs A new department has now been set up to deal with blockchain technologies and explore their potential. This could fit in with other existing projects.

The blockchain has been around for a long time, thanks mainly to cryptocurrencies, but it is still celebrated as a futuristic technology that more and more companies are getting into or even taking a look at what they can do with it. This group of companies now includes Google, a new division within them Google Labs It is said that he founded, which deals with the blockchain. The only known details are that the group is said to be “much smaller” than those of other projects and that it is currently based solely on research rather than concrete product development.

So it will be some time before Google launches a real blockchain-based product or gets involved with its own platforms. However, it fits perfectly with Google Pay’s crypto plans and possibly also the new AR headset, which is said to be heavily cloud-based and could use blockchain for such a product in particular. Let’s be surprised by the announcements and other reports that come from the laboratories section.

Incidentally, everything is described as “blockchain and other next-generation distributed computing and data storage technologies”. It is also about storing data in the blockchain. Fits with Google’s business model. Somehow.

Other new product areas:
» Google Labs: New AR headset in development – ‘Project Iris’ with Tensor, Android and Cloud Graphics (report)

» Google Pay: Big New Payment Platform Plans – Google Working to Support Cryptocurrency