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Why I Am Leaving Google For Blockchain Endeavors

Why I Am Leaving Google For Blockchain Endeavors

Why I am leaving Google for blockchain endeavors A crazy thing happened over winter break. A fintech company that, at Thanksgiving, held the valuation of a regional bank, grew to nearly attain the valuation of Goldman Sachs by New Years Day. It took Goldman Sachs nearly 150 years to attain the valuation that Ripple achieved in one month through the opportunistic marketing of their XRP token. Is this sustainable? Absolutely not in the medium term. But what it means is that every fintech company looking for an exit will look to offer their version of XRP and billions more in capital will flood into San Francisco and other cryptocurrency heavy cities. Its as inevitable as gambling is addictive. Bay Area locals are familiar with the explosive growth of real estate prices and the general cost of living following the IPOs of Facebook, Twitter, and Square, as well as the growth of unicorns like Uber and Lyft. Its very conceivable that a similar amount of capital will chase upcoming token sales and cause a subsequently similar lift in real estate and general consumer prices. Ive heard from blockchain founders that the same demo that would have commanded $500K in seed financing two years ago, can now fetch $20M with oversubscribed demand. Keep in mind that a family of four living on $105K is presently considered low income in San Francisco, because the cost of living is 1.5 3x the national average. Theres no reason to think that new venture capital flooding the city wont elevate this threshold to the $130K range if the growth in the next couple years mirrors the growth from the most recent tech boom. This means that even though many of my colleagues have incomes in the top few percent of the general American population, they may find themselves fighting the same gentrification Continue reading >>

Why Google Is Building Its Own Blockchain?

Why Google Is Building Its Own Blockchain?

Why Google is Building its Own Blockchain? By Shobhit Seth | March 22, 2018 1:23 PM EDT Alphabet Inc.s Google ( GOOGL ) is working on a blockchain-related technology that is aimed at supporting cloud business, according to Bloomberg News. Blockchain - based services have enabled numerous startups to offer novel online services, assuring customers that their information is more secure and more efficiently managed compared to the traditional methods of online data hosting. Such new offerings are proving to be a tough competitor for various technology companies, especially the ones operating in the hosted solutions space, like the cloud -based data storage. Digital ledgers like blockchain allow the secure recording of transactions and processing of data points over the Internet or other private networks. Because they are more secure and efficient in storing and retrieving key business data and content, businesses are increasingly moving to digital ledgers and blockchains. Additionally, businesses are also wary of the risk of having only a single company host their key business data. The decentralized nature of blockchain is preferred by such businesses for better security and risk management of their content. With a growing number of online services now available on the blockchain platform, it poses a natural threat to the traditional internet-based businesses. Technology giants like Google are taking an inclusive approach to fend off such competition. If you cant beat them, join them! Google is said to be venturing into the blockchain space to complement its cloud business, as it faces stiff competition not only from other cloud providers, like Microsoft Corp ( MSFT ) and Amazon.com Inc ( AMZN ), but also from the many other new-age blockchain service providers. (For mor Continue reading >>

Facebook, Google And Twitter Banning Crypto Ads Is A Blessing For Legit Coins

Facebook, Google And Twitter Banning Crypto Ads Is A Blessing For Legit Coins

A visual representation of Bitcoin. Dan Kitwood/Getty Images Two weeks ago, in a significant development for the burgeoning cryptocurrency and blockchain industry, Google announced it would join Facebook in banning cryptocurrency ventures from advertising on its platform. And last week, Twitter hinted it might join them. While some saw this as a troubling sign for the industry, its actually long-needed, positive step that will enable legitimate ventures to rise to the top on their merits. Arran Stewart, cryptocurrency, ICO and blockchain expert and co-owner of blockchain recruitment platform Job.com said, The recent bans on cryptocurrency and ICO ads is a positive thing for this growing technology. The decision will not hold back the success of cryptocurrencies and ICOs. Instead, it will protect less knowledgeable users from fraudulent or misleading investments. Bitcoin has proven itself to be a viable commodity with a real value based on the innovations it brought to the currency market: Its decentralized, fraud-proof, fast and highly secure. But it has also attracted fraud and is highly speculative (much of its interest lies in its potential as a global, universal currency that isnt controlled by banks, governments or corporations), and because the code for creating cryptocurrencies is open source, anyone can create their own, which means the market is being flooded with them. There are now over 1,600 different cryptocurrencies , many of which dont actually hold any value and are vulnerable to fraud and artificial inflation, like pump and dump schemes. Compounding this is the fervor surrounding blockchain technology, which underlies digital currencies. Because the blockchain is a digitized, decentralized, transparent andfor the time beingunhackable ledger, its potent Continue reading >>

Why Google Is Embracing Blockchain

Why Google Is Embracing Blockchain

No, Google isn't shooting its cloud business in the foot by developing blockchain technology. Actually, it's the opposite. PCMag reviews products independently , but we may earn affiliate commissions from buying links on this page. Terms of use . Google has built a $750 billion empire on its centralized cloud infrastructure and exclusive access to a vast store of user data. Many tech experts wouldn't expect the online advertising and data powerhouse to be interested in blockchain a technology that, in many ways, obviates the need for the cloud and enables users to wrest control of their data from big tech companies. So reports that Google is developing blockchain-related technology might sound as though the search giant is shooting itself in the foot, by endorsing tech that could render its cloud-based business model obsolete. But despite what hardcore proponents of blockchain might say, the decentralized technology isn't necessarily the bane of big tech companies. Improving Google's Image Amid Privacy Scandals It's not the best time to be a cloud company sitting on a vast store of user data. Facebook is still reeling from a major privacy scandal that has cast doubt and frustration over the way centralized businesses handle user data. And Google has its own raft of privacy woes . Blockchain replaces centralized authorities with distributed ledgers that transfer the ownership of data to users themselves. Investing in blockchain could indicate that Google is taking positive steps toward giving users more control of and visibility into how their data is used. "There is a growing awareness among both the public and regulators about cybersecurity and privacy," says Daniel Gasteiger, cofounder and CEO of VALID , a blockchain-based digital identity and personal data platform. Continue reading >>

Google Cloud's Blockchain Experiment Could Upend Cloud Computing - Business Insider

Google Cloud's Blockchain Experiment Could Upend Cloud Computing - Business Insider

A vertical stack of three evenly spaced horizontal lines. * Copyright 2018 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Google has several teams that are exploring potential uses for blockchain technology. It's not clear if or how Google will use the technology, but Brian Behlendorf, an expert on the technology, thinks the company will offer a blockchain product through its Google Cloud service. Blockchains are designed to be decentralized, but one that's linked to a public-cloud service could actually make sense, Behlendorf said. Google has long been fond of experimentation, so it should be no surprise the internet giant is looking into what blockchain technology could do for its cloud business. Several different teams inside the company are examining the hyped technology, which is the hard-to-edit digital ledger system that underlies bitcoin, ethereum and other cryptocurrencies, a Google representative said. But the representative declined to share details. "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," the Google representative said. Fortunately, it doesn't take inside information to imagine what Google may have in store. Indeed, thinking through how Google might use blockchain technology is something Brian Behlendorf, executive director of the open-source blockchain project Hyperledger, has been doing a lot lately. Behlendorf's hunch? Google's going to offer blockchain technology as a product available through its Google Cloud service. Just as Google Cloud customers today can easily set up databases through the service or use it to access Google's machine learning tech Continue reading >>

Google Is Working On Its Own Blockchain-related Technology

Google Is Working On Its Own Blockchain-related Technology

Google Is Working on Its Own Blockchain-Related Technology Alphabet division developing a distributed digital ledger Company insiders say cloud is natural home for the technology Google is working on blockchain-related technology to support its cloud business and head off competition from emerging startups that use the heavily-hyped technology to operate online in new ways, according to people familiar with the situation. Companies use blockchain and other so-called digital ledgers to securely record transactions and process other data over the internet -- a service Google could use, for example, to reassure customers that their information is protected when stored on the giant network of computer servers that power its cloud services. Alphabet Inc. unit is developing its own distributed digital ledger that third parties can use to post and verify transactions, one of the people said. Although the timing of any product release is unclear, the company plans to offer this to differentiate its cloud service from rivals. It will also provide a white-label version that other companies can run on their own servers, the person added. The internet giant has also been acquiring and investing in startups with digital ledger expertise. Many of the deals havent been announced, the person said. Still, Alphabet was a leading corporate investor in the field last year, ahead of Citigroup Inc. and Goldman Sachs Group Inc., Several people in Googles infrastructure group, which reports to cloud chief Diane Greene, have been tinkering with blockchain protocols in recent months, according to another person familiar with the company. Other Google insiders said recently that the cloud business is a natural place for blockchain-related services. The people asked not to be identified talking a Continue reading >>

Googles Elite Form A Blockchain Community

Googles Elite Form A Blockchain Community

Google and the blockchain havent exactly been the best of friends. While Googles parent company, Alphabet, has emerged as one of the biggest corporate investors in blockchain startups, Google and YouTube have clamped down on crypto ads, and this is all most of us judge them by. However, with the blockchain revolution taking off, some of Googles elite minds haveleft the Mountain View-based tech giant tofound blockchain startups. And they have gone a step furtherin forming a blockchain community, the xGoogler Blockchain Alliance. Advancing Ambitions In the Blockchain Space The GBA was founded by three ex-Googlers who have achieved great success in the blockchain world. The first is Giftos founder, Andy Tian. Gifto is a decentralized universal gifting protocol with over20 million users. It handles over 25 million virtual gifts per month, and its developed on the Ethereum blockchain.Tian is an MIT-trained computer scientist who held the position ofStrategic Partnership Development Manager at Google and spearheaded the use of Android OS in China. Hewas also the general manager of Zynga. Hitters Xu, the founder of Nebulas, is another co-founder of GBA. Nebulas isa next-generation public blockchain that has been touted by many in the blockchain community as the Google for blockchain technology. Xu waspart of Googles Search & Anti-Fraud team. He has since been actively involved in the blockchain community in China and is the founder of Chinas first ever blockchain community, BitsClub. The third founder of GBA is Daniel Wang, a former tech lead at Google. Wang has held many positions since then, including CEO of Coinport Exchange, Senior Director & Blockchain Researcherat Zhongan Technology, andSenior Engineering Director at JD.com. He is currently the founder and CEO of Loopri Continue reading >>

Google Looking At Blockchain As Cloud Division Reportedly Developing A Digitalledger

Google Looking At Blockchain As Cloud Division Reportedly Developing A Digitalledger

Google looking at blockchain as Cloud division reportedly developing a digitalledger Whether cryptocurrencyis the future or just a passing fad , the underlying blockchain technology is highly promising with a number of applications. Some of those are for the cloud, with Google developing its own distributed digital ledger according to a new report. Bloomberg today detailed Googles efforts in the field that focuses on developing a digital ledger that could be used to post and verify transactions. Third parties could take advantage of the service, while Google is reportedly also creating a white-label version that other companies could run. This technology is being developed under the Google Cloud division to support and differentiate its enterprise efforts from competitors. This service would join the companys other offerings, like machine learning , that developers could take advantage of. Its not clear when such a product would launch. Google has been actively acquiring and investing in startups with experience in the new technology, though has yet to publicize these moves.Meanwhile, Alphabets GV venture capital arm has made several public investments in companies working on cryptocurrencies and the blockchain. Bloomberg notes tinkering by Googlers within Cloud, while advertising chief Sridhar Ramaswamy said that a small team in his division is also investigating the technology. At a conference (via CNBC ), he highlighted that the core blockchain technology is not something that is super-scalable in terms of the sheer number of transactions it can run. Todays report notes that Google could build its own variant that is better suited for scaling and running millions of transactions. Alternately, the company has looked at technology from the open source Hyperledger cons

Google Reportedly Explores Blockchain Tech In Cloud Computing Service - Cnet

Google Reportedly Explores Blockchain Tech In Cloud Computing Service - Cnet

Google reportedly planning blockchain-based services The hotly hyped technology, which has the potential to rewrite the rules of commerce, could become part of Google's cloud computing service, Bloomberg reports. It looks like the blockchain bug might have bitten Google. The tech colossus' cloud computing group is working on a service that could let customers use the heavily hyped transaction processing technology, Bloomberg reported Wednesday . Blockchain is a potentially disruptive technology to track assets and transactions in a digital record held collectively among many computers instead of a single centralized database. It could speed transactions like home or car purchases, cut down on counterfeiting, cut out middlemen like brokers and escrow firms, and speed up multiparty processes like getting goods through a port. And it's the foundation of cryptocurrency projects like like bitcoin and Ethereum. Blockchain is complicated, though. Its full potential is realized when transactions are stored across many independent computers, a design set up to thwart efforts to compromise its cryptographically secured integrity. And anyone considering embracing blockchain -- for example to cooperate with payments among companies and suppliers -- must reckon with technical, legal and even social complications. There's hot activity in the blockchain world. Startups are working on dozens of blockchain-based projects to track diamonds, record property sales, enable digital voting and more. Several startups are working improvements to blockchain itself, trying to make it a better foundation that doesn't suffer today's shortcomings like slow transaction times and high energy consumption. At the same time, tech bigs like Microsoft, IBM and Intel are pushing blockchain, too. IBM has mo Continue reading >>

Report: Google Is Working On Its Own Blockchain Technology | London Evening Standard

Report: Google Is Working On Its Own Blockchain Technology | London Evening Standard

Google is reportedly working on blockchain technology for its cloud computing business (Spencer Platt / Staff / Getty ) If theres a new technology around, it usually doesnt take too long for Google to get involved. Take the blockchain for instance.The distributed ledger technology , which underpins the cryptocurrency bitcoin, has been causing heads to turn in the tech industry for the past few years. Start-ups are utilising the technology for different initiatives, whether thats to verify diamonds or to create new digital currencies. And investors are increasingly interested as well. As a result, Google is reportedly working on its own blockchain-related technology to support its cloud business. According to Bloomberg , the tech giant specifically wants to head off competition from emerging blockchain start-ups . Google and blockchain: how would it work? Sources told Bloomberg that the company is developing its own distributed digital ledger. This will be used by third parties to post and verify transactions, much the way the bitcoin blockchain works. Google reportedly wants to use this for its cloud technology. For instance, it could be used to reassure customers that their information is protected when stored in the Google Cloud. The company has been testing blockchain services on its cloud since 2016, but is getting to the point where it is exploring more expansive ways to explore the technology. Cloud services, when companies use the computing services of bigger companies over the internet (known as the cloud), are a big money maker for tech firms now. Google, as well as Amazon with its Amazon Web Services offering, have huge computing power so it makes sense for them to rent it out for smaller firms to use. AR software start-up Blue Vision Labs raises $14.5m in Se Continue reading >>

Google Is Betting Big On Blockchain

Google Is Betting Big On Blockchain

While cryptocurrencies get most of the headlines, its the underlying blockchain that possesses enormous potential to form the foundation for a wide variety of future technologies. Over the course of the last year, investors have become increasingly fascinated with the emergence of both cryptocurrencies and the underlying blockchain technology that enables the exchange of digital dollars. The ability to securely record transactions has the potential to revolutionize any number of existing industries, and is being explored by a number of big tech companies. While estimates vary, the market for blockchain technology could produce compound annual growth of 42.8%, reaching $14 billion by 2022, according to data provided by Netscribes.Some forecasts are even more enthusiastic, estimating that the market will grow from $708 million last year to $60.7 billion by 2024, according to a report by Wintergreen Research. Now, Google parent Alphabet ( NASDAQ:GOOGL ) ( NASDAQ:GOOG ) is climbing aboard the blockchain train. Google is getting into the emerging technology of blockchain. Image source: Getty Images. Blockchain is a distributed database that resides on numerous computers at the same time. This database is designed to record and verify transactions for a wide variety of industries, not just financial ones like some cryptocurrencies, such as bitcoin. This digital ledger can be accessed by multiple users, who can add new records, or "blocks" that are attached to the growing database in a chain. Once a block is verified and has been added, it is preserved forever as part of the chain. Each block is timestamped and cannot be altered once it is added to the chain, making it virtually impossible to change the data once it has been finalized. My colleague Adam Levy has penned a much Continue reading >>

Sure, Why Not? Google Said To Be Getting In On The Blockchain

Sure, Why Not? Google Said To Be Getting In On The Blockchain

GeekWire Awards: Early-bird tix on sale now! Diane Greene, senior vice president for Google Cloud, speaks at Google Cloud Next 2017. (Google Photo) Its not a huge surprise that a company known for moonshots is taking a close look at the blockchain. Bloomberg reported Wednesday that Google is developing its own version of blockchain technology, which is the the underpinning for Bitcoin and something the tech world is eyeing very closely. Blockchains are distributed ledgers secured by powerful cryptography algorithms, and even those not invested in Bitcoin are intrigued by their potential to create new types of tech products and services. What is a blockchain? GeekWires guide to this game-changing technology and its vast potential For the moment, potential seems to be the key word when it comes to uses of blockchain tech outside of cryptocurrencies. IBM and Microsoft already offer custom blockchain services as part of their overall cloud computing strategies, but its not at all clear how many people are actually using those services , or if theyre using blockchains for important parts of their product strategies. Back in November Amazon Web Services CEO Andy Jassy more or less dismissed considerations that it needs to offer a blockchain product, telling reporters during a press conference at re:Invent 2017 that AWS doesnt build technology because we think it is cool. You can be sure, however, that the cloud market leader is watching the development of blockchain-based cloud services very closely. Google, on the other hand, has built technology for the sake of technological experiment since its earliest days. Blockchains are a cool, interesting, and quite nerdy pursuit that a bunch of Googlers are probably working on in their spare time, anyway, and if they ever show real Continue reading >>

Google Will Soon Bring A Blockchain-like System To The Cloud

Google Will Soon Bring A Blockchain-like System To The Cloud

Google Will Soon Bring a Blockchain-Like System to the Cloud Google, the hipster of the tech world, was into blockchain before it was cool. Between 2012 and 2017, when some people were only just learning about the blockchain and what they could do with it, Google was acquiring blockchain startups and pumping millions of dollars into others. Only one other company invested more money into blockchain in that timeframe.In 2016, Google opened its cloud server to blockchain developers. Now, Google may be close to reaping the benefits of those years of research and funding. Industry insiders have told Bloomberg that Google plans to embrace a blockchain-like ledger system to support its cloud business. Using the cloud is like renting a storage unit. You pay a certain amount of money in exchange for a certain amount of space, only the space is on a companys servers and not in some shady gated facility. Instead of unused furniture, you store data, and instead of a padlock, you use a password to protect your valuables. However, a determined thief could crack the padlock on the storage unit, so too could a savvy hacker break into your cloud storage companys servers to access your data. Blockchain would make that kind of break-in impossible.Companies have taken a number of different approached to blockchain-based cloud storage, but the idea is that your data is decentralized . Instead of stashing your rock collection in your one storage space, you could store each rock in a different locker. You could even duplicate the rocks just to be safe, and then store those in different lockers. In a blockchain-supported cloud system, your files are the rock collection. The data gets broken into bits, stored on a bunch of servers, and youre the only person with the key needed to put the piec Continue reading >>

Google Is Experimenting With Blockchain Technology For Use In The Cloud: Report

Google Is Experimenting With Blockchain Technology For Use In The Cloud: Report

Google is experimenting with blockchain technology for use in the cloud: report Reports suggest Google may be working on blockchain-based systems to support cloud businesses. Google is working on blockchain-related technologies to bolster the firm's cloud business, reports suggest. Samsung Galaxy S9 review: Not perfect, but still a stellar phone According to Bloomberg , people familiar with the matter say that the tech giant is quietly working on blockchain technology to "head off competition from emerging startups" that are already beginning to specialize in the technology to offer a range of new services. Blockchain, also known as distributed ledger technology, is the backbone of cryptocurrency trading and wallets, and is most commonly linked to the exchange of cryptocurrencies including Bitcoin and Ethereum. However, the technology has far more applications than crypto as it transparently records transactions, spread across different nodes in a network. This makes tampering with records very difficult, thereby heightening security and improving the integrity of recorded data. In the financial realm, fintechs are already exploring how blockchain could be used to simplify Know Your Customer (KYC) procedures and transactions between financial institutions, record IDs, and speed up cross-border payments by offering an immutable ID check and a means to track payments. This, in turn, has prompted traditional financial institutions including Visa to begin investing in their own blockchain-based systems to avoid falling behind in innovative financial offerings. When it comes to cloud technology, Google could potentially use blockchain to record user transactions and improve the security of data produced by such a service. According to the publication, blockchain technologie Continue reading >>

Google Is Working On Blockchain Technology, Too

Google Is Working On Blockchain Technology, Too

Google Is Working on Blockchain Technology, Too Google is quietly working on blockchain technology, according to unnamed sources who spoke with Bloomberg News . The search company is developing its own distributed ledger blockchain software to verify transactions within its cloud services. According to Bloombergs sources, Google will use the technology internally as well as provide a white-label version that other companies can run on their own servers. These sources said that Google has looked at the Linux Foundation s Hyperledger blockchain software . But its unknown whether the company will ultimately choose that open source software or something else. Its also unknown precisely how Google might be planning to use blockchain. But Cointelegraph reported that the company filed a patent application for a tamper-proofauditing system based on the technology. While Google is secretive about its development efforts, its cloud competitors have been more forthcoming. Microsoft has been working on its blockchain-as-a-service on its Azure cloud platform since November 2015. Microsoft is bullish on the Ethereum platform . And the company is also involved with theLinux FoundationsHyperledger project. In August 2017 Microsoft introduced its Coco Framework software to help enterprises adopt blockchain. IBM has also been working on blockchain technology for awhile. It introduced its IBM Blockchain , a service based on the Hyperledger Fabric . The service enables developers to build production blockchain networks on the IBMCloud, underpinned bytheIBMLinuxONE server. And late last year, Amazon Web Services (AWS) acknowledged that it too was working on blockchain. The company still isnt planning its own service based on the technology. But it launched a portal to support its customers Continue reading >>

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