Alphabet (NASDAQ: GOOGL) CEO Sundar Pichai recently talked about his company’s interest in Web3 and blockchain technology.
Pichai made these comments last Tuesday (February 1), during Alphabet’s Q4 2021 Earnings Call. According to the transcript of the earnings call by The Motley Fool, when Douglas Anmuth, Internet Analyst at J.P. Morgan, asked Pichai about his views on Web3, the alphabet CEO replied:
“Thanks. Look, any time there is innovation, I find it exciting, and I think it is something we want to support the best we can. The web has always evolved, and it’s going to continue to evolve. And as Google, we have benefited tremendously from open-source technologies, and so we do plan to contribute there.
“There’s several areas of interest. AR is a big one at the computing layer. We’ve been investing there for a long time, we’ll will continue to play a role. And it’s something both — not just with the computing layer, but services layer, be it Maps, YouTube, Google Meet, etc., I think, will contribute a lot.
“On Web3, we are definitely looking at blockchain, and such an interesting and powerful technology with broad applications so much broader again than any one application. So as a company, we are looking at how we might contribute to the ecosystem and add value. Just one example, our Cloud team is looking at how they can support our customers’ needs in building, transacting, storing value and deploying new products on blockchain-based platforms. So we’ll definitely be watching the space closely and supporting it where we can.“
On January 27, CNBC reported that “Google’s cloud division has formed a group to build business around blockchain applications, following efforts to grow in retail, health care and other industries.”
Richard Widmann, Head of Strategy for Digital Assets at Google, told CNBC that “the cloud group plans to hire a slew of people with blockchain expertise.”
Widmann mentioned that “Google is considering what types of services it can offer directly to developers in the blockchain space.” He also added that there are “things we can do to reduce the frictions some customers have with respect to paying for centralized cloud utilizing cryptocurrencies.”
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
Featured Image by “PhotoMIX-Company” via Pixabay.com