Google, one of the biggest software companies in the world, is reportedly launching a new blockchain division as part of its Labs group.
a new blockchain division as part of its Labs group. The blockchain division will be led by Shivakumar Venkataraman, an engineering vice president for Google. The division will focus on “blockchain and other next-gen distributed computing and data storage technologies,” according to an email obtained by Bloomberg.While the company has been involved in certain blockchain projects, it has been very wary of being associated with any cryptocurrency in particular.
is an experimental division that groups all the AR and VR efforts, and other potential projects in the tech area. The new Google Labs group also includes an in-house incubator for projects called Area 120.This development is seen by some analysts as a response to how other companies like Meta are growing to include more of these new developments into their business model.
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