Google now entering to the Blockchain game. Yeah, it’s true. They haven’t announced it yet but Google’s parent company Alphabet Inc. is investing heavily on Blockchain based cloud computing system.
So what is Blockchain?
Blockchain is a decentralized ledger based system which reduces the need of middle man and makes the whole process much transparent and secure.
Examples like Bitcoin, Ethereum, Ripple etc. are some it’s applications. Remember those are only small applications of Blockchain technology in the currency domain. It could be applied to various way possible. It is so effective that whenever any transactions are happening, all the members of a blockchain community will have the proof of transactions without affecting the process.
Google is similarly trying to use this Blockchain technology on its cloud computing business. No officials haven’t confirmed it yet but might declare pretty soon.
Because Blockchain has a huge potential in many applications, such as currency, medical sector, cloud based transactions, sports, healthcare etc., lots of small or medium size startups are trying to penetrate in this field. Google is also trying that and it might be the next big thing from Google.
If you want to know more about the blockchain technology or any other technology stuffs, please let us know down in the comment below and we will try to explain it in a more user friendly way possible.
Also published on Medium.