Google Forms Blockchain Group Under Newly Appointed Executive

Google is forming a group dedicated to the blockchain and related technologies under a newly appointed executive who has spent more than a decade on the company's core business of search advertising. From a report: Shivakumar Venkataraman, an engineering vice president for Alphabet's Google, is now running a unit focused on "blockchain and other next-gen distributed computing and data storage technologies," according to an email viewed by Bloomberg News. The executive will become a "founding leader" of Labs, a business division in which Google houses its various virtual and augmented reality efforts, according to the email.

Should we start a betting pool

[TuballoyThunder]

on how long this business unit lasts until Google pulls the plug?

Re:

[boudie2]

There's no love for Google these days. We can be quite sure they're working on new and exciting ways to screw people using the blockchain. That would be expected. That's their business model.

Re:

[Joce640k]

Get a grip, people. It's a fucking checksum, nothing more.

I don't recall companies ever being formed around CRC32.

Re:

[Tx]

You can't fight the groupthink.

Wha?

[jddj]

Blockchain added to Google Forms?

Still waiting for a viable application

[leathered]

For over a decade people have been touting blockchain as a wholly inappropriate solution for a myriad of both real and imaginary problems. So far it's only successful application is environmentally destructive ponzi schemes.

IBM closed their blockchain division without making a penny in revenue. Ditto Microsoft and Amazon. I've no idea why Google think that this time it will be any different.

Re:

[ceoyoyo]

blockchain and other next-gen distributed computing and data storage technologies

Sounds like they shoved blockchain in there for the hype value. Presumably they'll actually work on the other two things.

Blockchain was DOA.

[mmell]

We just haven't told everyone at the bottom of the pyramid yet!