• Home
  • News
    • Features
    • Latest/Upcoming Tech
    • Product Review
    • Tech Events
  • Technology
    • Computing
      • Hardware
      • Software
    • Mobile
      • Devices
    • Apps
      • Messaging App
  • Innovation
    • Startups
    • Smart Gadgets
    • Augmented Reality
    • Cloud Computing
  • Business
    • Internet Commerce
    • Tech Market
  • Tips & Tricks
  • Miscellaneous
    • Jobs / Career
    • Social Media
TheTechNews
  • Home
  • News
    • Features
    • Latest/Upcoming Tech
    • Product Review
    • Tech Events
  • Technology
    • Computing
      • Hardware
      • Software
    • Mobile
      • Devices
    • Apps
      • Messaging App
  • Innovation
    • Startups
    • Smart Gadgets
    • Augmented Reality
    • Cloud Computing
  • Business
    • Internet Commerce
    • Tech Market
  • Tips & Tricks
  • Miscellaneous
    • Jobs / Career
    • Social Media
News

Google is developing its own blockchain technology, but not for cryptocurrency purpose

by Selene Kyle
-- March 25, 2018
Google is developing its own blockchain technology, but not for cryptocurrency purpose

Google is developing its own blockchain-based distributed digital ledger. Although the blockchain technology is used to power cryptocurrencies, Google has no intention to do so. Instead, the company is developing this technology so that it can secure its customer data and third-party companies can use it to post and verify transactions.

Within the past few months, so many employees working within Google’s infrastructure group have been working on the blockchain, considering its cloud services a natural fit for blockchain technology. There is no official announcement from the tech giant, but a company spokesperson confirmed its investment on this technology.

“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 spokesperson told Bloomberg.

For companies like Google, the rise of blockchain technology is both beneficial and challenging at the same time. It could provide Google with a more secure way to store user data when properly leveraged. On the other hand, startups can use this technology to compete with Google. So, unless the tech giant is planning to buy them out, it’s going to be a challenge for Google to deal with the rivals.

 

ringid
Related ItemsBlockchain TechnologycryptocurrenciesFeaturedGoogle
Click to add a comment

Leave a Reply

Cancel reply

Your email address will not be published.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

News
March 25, 2018
Selene Kyle

Related ItemsBlockchain TechnologycryptocurrenciesFeaturedGoogle

More in News

Businesses Think Extra Features Enhance Online Shopping – Consumers Disagree!

Emily ForbesFebruary 23, 2023
Read More

Qiming Venture Partners’ Portfolio Company LanzaTech Lists on Nasdaq!

Emily ForbesFebruary 11, 2023
Read More

Ribbon’s Dave Hogan Named to Channel Futures’ Top 20 Communications & Collaboration Channel Leaders for 2022 List!

Emily ForbesDecember 25, 2022
Read More
forex-trading

Profitability Further Improved, Bigo Live’s MAU Growth Elevated!

Emily ForbesNovember 29, 2022
Read More

Incoming Apple Innovations That Will Send Ripples Throughout The Tech World!

Emily ForbesSeptember 6, 2022
Read More

JZZ Technologies, Inc. Launches ActiveLifestyleNutrition.com Product Site Offering Nutritional Solutions Aligned with Seniors’ Needs!

Emily ForbesJuly 14, 2022
Read More

RingID sets a new Benchmark in Social Commerce by creating jobs for millions

Selene KyleNovember 25, 2021
Read More

A Million Shades of Inspiration – Welcome to Tech Master Event!

Emily ForbesNovember 16, 2021
Read More
Latest-Exciting-Tech-Trends

The Latest Exciting Tech Trends Revolutionizing The Events Industry!

Emily ForbesOctober 20, 2021
Read More
Scroll for more
Tap

Top News

  • Australia’s Most Influential CEO for 2023!
    BusinessMay 19, 2023
  • Elliptic Labs Launches on Xiaomi’s Latest Redmi Note 12S Smartphone!
    TechnologyMay 19, 2023
  • How to Measure the Success of Your Link-Building Strategy!
    BusinessApril 27, 2023
  • Tech Solutions to Help Young Entrepreneurs Thrive!
    BusinessApril 25, 2023
  • Virtus Artificial Intelligence & Technology Opportunities Fund Announces Distributions!
    Artificial IntelligenceMarch 6, 2023
  • Recording Tips, Tricks, and Fun Props That Will Make Your Video Tutorials Engaging!
    DesignMarch 3, 2023
  • Bitget Integrates with TradingView For Crypto Derivatives Trading!
    BusinessMarch 2, 2023
TheTechNews

A technology media that aims at the latest tech news, events, gadgets, tools, innovations, startups and many more.

    NEWS

  • Features
  • Latest/Upcoming Tech
  • Product Review
  • Tech Events
  • Technology
  • Innovation
  • Business

    Hardware & Software

  • Computing
  • Hardware
  • Software
  • Mobile
  • Devices
  • Messaging App
  • Tips & Tricks

    Others

  • Startups
  • Cloud Computing
  • Social Media
  • Internet Commerce

Copyright © 2016 www.thetechnews.com | Pages: ABOUT US | PRIVACY POLICY | TERMS OF USE | CONTACT US

How Virtual Reality Is Improving Mental Health
Unusual object appears in the sky, files above 40,000 feet