Google in Blockchain Enterprise Applications

in #google • 7 years ago

Google may develop a blockchain system from scratch, but it will take a lot of time and resources. Therefore, Google may use existing blockchains, even systems from Hyperledger. At present, Hyperledger has two different open source blockchain systems, namely Fabric and Sawtooth, for enterprises to use.

Both blockchain systems support Google Cloud customers to set up blockchain ledgers autonomously and authorize different users, or blockchain nodes, to add entries to them.

From a strategic point of view, it makes sense for Google Cloud Computing Services to add blockchain products. Google's cloud computing service includes Google Docs and a host of other services. It currently generates revenue of $1 billion per quarter. Google Cloud itself ranks third in the cloud computing market, behind Amazon AWS and Microsoft Azure. The company needs to differentiate through some services.

#blockchain #enterprise #applications #busy
7 years ago in #google by
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