Key Takeaways:
- The cloud unit of Google forms a group to step into Web3 with its CEO as the lead.
- The company has plans to make blockchain technology more user-friendly.
The crypto market is expanding every second and the big players in the market are finding it hard to miss out on the opportunity. Google, a leading multinational technology company has also decided to take a plunge into the world of Web3 to tap into the rapidly growing customer base for its advancement.
Earlier this year in January, Google shared its plans of forming a Blockchain-specific team. Just three months after the announcement, the news of the Google cloud unit forming a team to get associated with digital assets and interconnected projects has been revealed. On May 6, CNBC viewed an email shared by the vice president at Google cloud, Amit Zavery, with the employees. He has shared the plans of the company to grow in the market and to make its services the first choice for Web3 developers.
He wrote, “While the world is still early in its embrace of Web3, it is a market that is already demonstrating tremendous potential with many customers asking us to increase our support for Web3 and Crypto-related technologies.”
The product and the engineering group will be led by the former executive of Citigroup, James Tromans, and will include members who have been actively in touch with the world of Web3.
Google has plans to serve developers who are attempting to create their Web3 software by providing them with back-end services. Its long-term plan involves building a system that will help other companies make blockchain easily accessible and understandable to people. This will include breaking down the process of the building and running blockchain nodes used for proving and recording transactions into easier steps.
In an interview with CNBC, Zavery stated, “We’re not trying to be part of that cryptocurrency wave directly. We’re providing technologies for companies to use and take advantage of the distributed nature of Web3 in their current businesses and enterprises.”
The crypto industry is anticipating a revolution if the integration of Web3 in the Google cloud unit turns out to be a success.
