Google Cloud is Looking to Hire a Team of Blockchain Experts to Grow its Business

Key takeaways:

  • Alphabet’s Google Cloud division is forming a team to establish a strong position in the blockchain ecosystem.
  • This move comes after the firm has already taken great strides in retail and other industries. 
  • There is a high chance that Google Cloud users will be able to pay with cryptocurrencies

Google, the tech giant’s cloud division is hiring multiple blockchain experts to create a business around blockchain technology. This news comes right after the company has made considerable efforts to expand in the healthcare, retail, and other industrial sectors. 

If Google is successful, it can diversify away from advertising and stamp more authority in the widening third-party storage devices and computing market. 

SEE ALSO: Twitter Introduces NFTs to the Platform as Verified Hexagon-shaped Profile Pictures

Is Google looking to capitalize on the decentralized finance wave?

Over the past couple of years, a host of blockchain experts have spoken about creating decentralized applications that eliminate the need for large intermediaries. 

Without question, Defi (short for decentralized finance) is one of the fastest-growing sectors within the crypto space. One of the reasons for that is that it eliminates middlemen such as banks, from conventional financial transactions like securing a loan. 

In this scenario, banks and lawyers are replaced with a programmable code that is known as a smart contract. The concept of decentralized applications has generated significant interest among technologists who believe that Web3 – the decentralized version of the web transitions from Web 2.0. 

Web 2.0 saw the boom of user-generated content including social networks and content. Since most of these services are owned by giant internet players such as Google, the interest in blockchain is pretty obvious. 

Google Cloud – Vision and strategy around blockchain

Currently, Google, Amazon, and other cloud-computing companies represent a certain type of centralization. These companies operate huge facilities that provide computing services to millions of users worldwide. 

However, Google has shown great intent to diversify and capitalize on new opportunities and avenues. Google is hiring multiple blockchain experts to expand its business.

At the moment, Google’s cloud marketplace offers different tools which developers can utilize to create blockchain networks. It also has different blockchain customers such as Theta Labs, Hedera, and Dapper Labs to name a few. 

Google also provides data sets that people can use with the BigQuery service to view transactions for bitcoin and other currencies. Google is currently exploring the different types of services it can directly provide to developers in the blockchain sector. 

With all these efforts being made, it is safe to say that Google is looking to make itself comfortable in the blockchain space.

SEE ALSO: Crypto scammers took home $14 billion in 2021

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Karandeep V

Karandeep V

Karandeep was born in Pune, Maharashtra, an upcoming metropolitan city in the Western region of India. While most members of his family are engineers, he had different ideas. He was more inclined toward exploring the non-technical aspects of a business, which is why he studied Bachelors of Business Administration at Symbiosis International University, Pune.  Having said that, his love for new and upcoming technologies remained intact, which is why he has written extensively about technology throughout his career. After a brief stint with a gaming company at the beginning of his career, he discovered that his love for writing was not temporary.  Being a tech geek, he always liked installing and playing around with new applications on his mobile devices and the home desktop. He was fascinated by how technology can simplify even the most mundane and complex tasks with just a few commands. He keeps a close eye on how businesses use different tools to streamline their operations to boost productivity and efficiency. At ToolsMetric, he writes product reviews that cover the main features and specifications of different enterprise applications. The sheer amount of innovation and hard work that goes into building these tech solutions is one of the reasons why Karandeep loves reviewing these tools. Besides product reviews, he also writes interesting news articles and blogs that track the latest developments in the tech industry.  When he is not writing, you can find him rooted to his seat playing video games, watching movies, or supporting his favorite football team. Since his childhood, he has always loved to travel and explore new places. Traveling is a major part of his life due to a myriad of reasons such as experiencing new cultures, food, and traditions. His other hobbies include playing football, cooking, and running.  You can find him on LinkedIn here.

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