Google Is Working on Its Own Blockchain-Related Technology
- Alphabet division developing a distributed digital ledger
- Company insiders say cloud is natural home for the technology
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Google is working on blockchain-related technology to support its cloud business and head off competition from emerging startups that use the heavily-hyped technology to operate online in new ways, according to people familiar with the situation.
Companies use blockchain and other so-called digital ledgers to securely record transactions and process other data over the internet -- a service Google could use, for example, to reassure customers that their information is protected when stored on the giant network of computer servers that power its cloud services.