At the company’s Q4 results call last week, Sundar Pichai, the CEO of Alphabet Inc. and its subsidiary Google, discussed the company’s blockchain strategy. The firm revealed information about its web3 and blockchain strategies.
“As a company, we’re thinking about how we can give value to the ecosystem,” said Sundar Pichai.
He was questioned about his views on web3 and Alphabet’s approach to the industry. “Anytime there is innovation, I find it exciting,” Google’s CEO said, adding:
“We are absolutely looking into blockchain on web3, because it is such an exciting and strong technology with broad applications, much bigger than any one application.
As a company, we are looking at how we might contribute to the ecosystem and add value, “he continued, adding:
“For example, our Cloud team is investigating how they can support our customers’ needs, transact, hold value, and deploy their products using blockchain-based platforms. As a result, we’ll be keeping a careful eye on the space and assisting where we can. Overall, I believe technology will continue to change and improve, and we want to be pro-innovation in our approach.”
Google’s Cloud division has launched a group to develop blockchain-related companies. Google’s Cloud unit’s head of strategy for digital assets, Richard Widmann, said the company aims to employ a slew of blockchain experts. He was reported in the media as saying, “We think that if we execute our duties well, it would push decentralisation.” According to the company executive, Google is presently evaluating what sorts of blockchain-related services it may provide directly to developers.
