Google Cloud, Google’s online data storage services division, is increasingly focusing on decentralized technologies and announced the creation of a team to focus on building products on the blockchain.
There are already other initiatives currently using blockchain technology to offer cloud storage with Filecoin and Sia at the forefront. Both use a blockchain protocol to connect those who need storage and are willing to pay a share to get it and those who can offer some of their free space. This way, the protocol makes it possible to store the data in a decentralized network that can be maintained even if a stakeholder leaves the grid.
But unlike these decentralized initiatives, Google’s approach is broader. It hopes to use blockchain to offer services for building, transacting, storing value, and launching products in the cloud.
Google Rides the Blockchain Wave
In an official blog post, Google explains that the blockchain industry has evolved considerably, and as a technology corp
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