Google Is Reportedly Experimenting With Blockchain Technology

Google seems to be working on the latest distributed ledger technology, that underpins the Bitcoin, to support their cloud business.

According to an unnamed sources who talked with the Bloomberg, the search engine company wants to head off the competition by creating their own shared ledger technology to validate transactions within their cloud based services.

Google And Blockchain

The company will form a blockchain that can be used internally in the company as well as the third parties can access to post and verify the transactions, said the unnamed source.

Google reportedly wants to use the blockchain technology in their cloud sector. For example, the shared ledger could be used to soothe clients and customers that their confidential data is safe and protected when stored in Google Cloud. Google has filed a patent application for a tamper-proof audition system backed by Blockchain technology.

The company was researching the distributed ledger technology but still there is a no official product to release, says Sridhar Ramaswamy, Google’s senior vice president of ads and commerce to CNBC.

“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 Spokeperson

Blockchain Technology Being Used By Other Tech Giants

Tech giant companies like IBM Corp, Microsoft, and Amazon AWS, are leading the pack of blockchain service providers.

Microsoft is working on its BAAS (Blockchain as a service) model on its Azure cloud platform since past two years. Morever, in August 2017, the company has announced a software named “Coco Framework” to help enterprises adopt blockchain.

An American tech giant company, IBM is also working on its own IBM Blockchain, a service build on the Hyperledger Fabric.

Amazon Web Services aka AWS admitted that the company is working on integrating blockchain technology. Amazon still isn’t working on its own service but they’ve launched a portal to help their customers. Continuing the suspense, Amazon has reserved many bitcoin related domains last year. It indirectly indicates their interest towards the cryptocurrency and the technology.

However, it is unclear what forms these new technologies will take and whether a top tech firm will successfully be able to make their blockchain based product mainstream.

The Big Bang Theory’s Jim Parsons Explains Blockchain and Crypto on the Simpsons

Siamak Masnavi

The most recent episode (titled "Frinkcoin") of the American animated sitcom "The Simpsons" explained how blockchain and cryptocurrencies work.

Episode 13, Season 31 of The Simpsons, which aired on February 22, featured (as a guest star) Jim Parsons, who plays theoretical physicist Sheldon Cooper on the American sitcom "The Big Bang Theory".

In this episode, Professor Frink decides to explain to Lisa Simpson how blockchain and cryptocurrencies work by engaging the help of Parsons.

Here is what Parsons said:

"People think I'm a nerd but I'm actually super cool. That's why I'm here to talk about the really cool subject of distributed consensus-based cryptocurrency...

"For cryptocurrency to work, we need a record of every transaction that occurs. These are recorded in what's called a distributed ledger."

Then an animated character, which looked like a book and was meant to represent the blockchain, introduced itself via a song-and-dance routine:

"I'm the consensus of shared and synchronized digital data spread across portable platforms from Shanghai to Grenada.

"Each day, I'm getting closer to being cash of the future. Not in your wallet, I'm in your computer."

Parsons then added:

"When you use the currency, the transaction is recorded in the ledger. And when one ledger book gets filled up, we add to a chain of previous books. That's the blockchain..."

Parsons finished his presentation with a piece of text that contained "everything else you need to know". 

Featured Image by "xresch" via Pixabay.com