Google Labs Appoints Team for Research Work on Blockchain Tech

As its main task, the group will work around next-generation technologies in the distributed computing and data storage categories.

By Radhika Parashar | Updated: 20 January 2022 17:21 IST

Google Labs Appoints Team for Research Work on Blockchain Tech

Photo Credit: Reuters

Google Labs is an incubator that tests and works on long-term projects that align with Google’s core

Highlights

Google Lab’s team for Blockchain research is small as of now
Shivakumar Venkataraman is the head of the team
In November, a similar team was made for AR

Blockchain, the technology that supports the crypto sector, has emerged as an interesting field of knowledge in recent years, several researchers say. In a bid to ramp up research work in the Blockchain sector, Google Labs has appointed a new team to focus on the up-and-coming tech. Google Labs is an incubator that tests and develops new-tech developments and projects, parented by the search engine giant. Shivakumar Venkataraman, an engineering vice president at the company has been chosen to head this new group.

The blockchain-focussed team at Google Labs is smaller in comparison with Google's other research and product areas.

The main task assigned to the members of this group is to work around next-generation technologies in the distributed computing and data storage categories, Bloomberg said.

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The Blockchain technology is basically an extending list of records termed “blocks” that are interconnected by “cryptography,” or complex codes and algorithms.

On Blockchain, information can be stored over the shared system where everybody can see it but cannot modify it, a report by Tech4Fresher explains.

Earlier this month, Bill Ready, the president of commerce at Google reportedly said that the company will evolve alongside user and merchant demands.

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As of now, Google has not revealed any plans of listing cryptocurrencies as payment options for its services.

Augmented Reality (AR) is another field of technology that Google is paying attention to.

In November 2021, the company had created a special research team to work on high potential and long-term areas like AR.

Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

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Further reading: Google, Google Labs, Blockchain, Cryptocurrency, Augmented Reality, AR

Radhika Parashar

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Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at RadhikaP@ndtv.com. More