The company has reportedly set up a new unit that will look into the viability of blockchain technology across verticals. From what is known so far, Google wants to make headway in distributed computing as well as data storage technologies with this move.
The pursuit of blockchain technology is neither unfounded nor exclusive to Google. Technology firms are lining up to adopt blockchain for a plethora of tasks they see fit in their space. Google's plans in this direction have been made public in a recent Bloomberg report that cites an internal email accessed by the publication. The email mentions a new division that will work on blockchain and related technology.
Though we can connect the dots to make an educated guess. Only recently, Google revealed that it is watching the cryptocurrency space attentively. The potential idea is to offer crypto services through its payment portal Google Pay.
