- The company’s cloud services division is investigating how to incorporate blockchain technology.
- Alphabet’s CEO suggested that YouTube and Google Maps could use Web3 elements.
Alphabet, the parent company of Google and YouTube, is considering incorporating blockchain technologies into its blockbuster services, executives said on a conference call on Tuesday.
According to Sundar Pichai, CEO of Alphabet and Google, Google investigates blockchain and other Web3 technologies.
In response to a question about Web3 during the company’s Q4 earnings call on Tuesday, Pichai stated,
“On Web3, we are looking at blockchain and such an interesting and powerful technology with broad applications, so much broader than any one application.”
“As a result, as a company, we’re looking at how we can contribute to the ecosystem and add value,” he explained.
Pichai went on to say that the company’s Cloud team is currently investigating how they can help customers with “building, transacting, storing value, and deploying new products on blockchain-based platforms.”
Pichai went on to say that Google has benefited “tremendously” from open-source technologies and mentioned “several areas of interest,” including augmented reality.
“At the computing layer, augmented reality is a big deal. We’ve been investing in that area for a long time and will continue to do so. And it’s not just at the computing layer, but also at the services layer, whether it’s Maps, YouTube, Google Meet, or something else. So I believe I will make a significant contribution,” he stated.
“As a result, we’ll be keeping a close eye on the space and assisting where we can.” Overall, he believes that technology will continue to evolve and innovate and that “we want to be pro-innovation and approach it that way.”
Meta and Twitter, among others, have been experimenting with various Web3 technologies for payments, coins, and other services such as non-fungible tokens.