According to Bloomberg News, Google intends to form a group that will deal with blockchain and all technologies related to the same under the supervision of a newly appointed executive. The executive has been associated with the company’s core business related to search advertising for more than 10 years now.
An engineering vice president associated with Alphabet Inc’s Google, Shivakumar Venkataraman, is now responsible for running a unit that will focus on blockchain and data storage technologies related to next-gen distributed computing, as stated in an email seen by Bloomberg News.
The executive will be a “founding leader” working with Labs, which is one of the business divisions in which Google harbors the many virtual and AR or augmented reality solutions, as per the email. However, the company spoke person did not want to comment.
To date, Google has been offering few cloud services to firms that work on blockchain technology. But otherwise, Google, which is one company that is well-known for its experimentation efforts, has not introduced public projects in this specific area, where some of the competitors, like Meta Platforms Inc and Twitter Inc, have dedicated commendable resources. However, the
Commerce president for Google’s payment said of late that the company has been paying a lot of attention to cryptocurrencies.
Bloomberg News also reports that last fall, the groups that were working on software efforts and virtual reality hardware for Labs were placed under the supervision of Clay Bavor, who also happens to be a vice president and monitors the company’s startup incubator was placed
Then, Google explained that Bavor’s work was such that it focuses on the technology projects for the longer term and directly supports the company’s core products and business.
Venkataraman has been a veteran in the company’s search advertising team. He has earlier published and worked on research related to the company’s strategies and techniques for tying a huge number of machines in a network, and for distributed computing, says Bloomberg News.
