Google announces blockchain development
Google has now announced it is developing blockchain solutions aimed at ensuring the safety of its cloud systems.
Blockchain, the digital ledger for recording online transactions, ensures data is transferred and stored securely. For Google, the development of blockchain into its cloud-based services would build trust in their ability to protect their user’s information. Specifically, the Alphabet, the parent company of Google, is developing its own blockchain ledger for third parties to utilize in recording and verifying transactions.
“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 told Bloomberg.
Cara joined TriMed Media in 2016 and is currently a Senior Writer for Clinical Innovation & Technology. Originating from Detroit, Michigan, she holds a Bachelors in Health Communications from Grand Valley State University.