Internet giant Google wants to create new tools that will allow developers to take advantage of the “tremendous potential” that cryptocurrencies and Web3 encompass.
Google has created a task force to develop back-end services and tools focused on Web3 and the potential of cryptocurrencies.
Amit Zavery, vice president of Google Cloud, told CNBC that the mission of this new task force will be to Provide technologies that enable businesses and developers to take advantage of the distributed nature of the decentralized internet, known as Web3, to enhance your current businesses and companies.
Regarding cryptocurrencies, the Google Cloud executive noted that, for the moment, the multinational would not get directly involved with the crypto wave, but rather that it is trying to capitalize on the rise and popularity of crypto assets in order to become the first choice for software and application developers within this industry.
Google plans to create cryptocurrency-related services and tools that will allow developers to build decentralized applications based on blockchain technology.
Zavery said that Google's initiative seeks to respond to the high demand from its customers for new technologies.
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Google, Web3 and decentralization
Google parent company Alphabet Inc. revealed its interest in Web3 and new technologies such as blockchain earlier this year. In February, during the Q2021 XNUMX Earnings CallThe company said it was studying ways to integrate blockchain to power its products and services.
Its Google Cloud team, Alphabet Inc. said, was looking at blockchain as “such an exciting and powerful technology” that can meet the needs of its customers, accelerate adoption of the decentralized web and drive innovation.
Google CEO Sundar Pichai said at the time that the company has always been a leader in innovation, so Web3 represented a huge opportunity to continue evolving and contributing to development.
Although Web3 is in its early stages, Google acknowledges that it is a technology that is showing tremendous potential, with its promise of a decentralized internet where users can build their own digital economies and businesses and regain ownership of their data, information and content.
In addition to blockchain and Web3, the internet giant is also focused on NFT tokens and adding cryptocurrency payment options for its customers.
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