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Home/Crypto News


GOOGLE CEO WEIGHS IN ON WEB3, SAYS GOOGLE IS “CONSIDERING BLOCKCHAIN”

By Gitumani Talukdar
Published February 2, 2022 Updated February 2, 2022



In his first public statements on web3, Alphabet Inc. CEO Sundar Pichai said
that he is keeping an eye on the blockchain area.   “Any time there is
innovation, I find it thrilling,” Pichai remarked on Tuesday during Alphabet’s
earnings conference in response to a query regarding the technology. “I believe
it’s something we should do all we can to support.”





WHY WEB 3.0?

Web3, a cryptocurrency-based internet paradigm centered on digital ownership,
has received significant funding. The ambitions of several other technology
companies, such as Block Inc., Meta Platforms Inc., and Twitter Inc., to
implement digital token-based payments, coinage, and services have been
announced recently. When it comes to Web 3.0, Google has been deafeningly quiet.



This is a fascinating and powerful technology with many possibilities, says
Google CEO, Sundar Pichai. During his speech, he brought up Google’s cloud
division’s recent declaration that it will win more contracts with organizations
primarily focused on “digital assets.” Google has also launched its blockchain
team to work on the project. At the time of writing, Pichai made no mention of
cryptocurrencies, which the company does not allow for use in its advertising or
payment services at this time.


A VIABLE ALTERNATIVE 

Numerous proponents of web3 consider it a viable alternative to large,
centralized internet businesses such as Google. Google CEO Sundar Pichai made
his comments after announcing a profit of more than $20 billion from its web
operations during the fourth quarter. When discussing Google’s augmented reality
ambitions, Pichai said that the company’s goal is to integrate vital services
such as Maps and YouTube into whatever virtual environment users may want to
utilize in the future. He made no mention of any work using devices.











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