Google To Bring A Blockchain-Like System To The Cloud

We have heard throughout the recent weeks and months the sudden rise in Bitcoin, and other cryptocurrency that has been taking the world by storm. Many individuals all across the globe are taking advantage of the digital “money” and investment, and it is certainly starting to make its rise in popularity throughout the majority. In fact, many systems that we use on a daily basis are beginning to bring forth Blockchain systems that records the cryptocurrency on a more frequent rate, one of the first being Google. It has been announced, with these advancements being made and recognized, that Google is about to release its own Blockchain like system to the Cloud, and in this article, we are going to tell you exactly what you need to know about this new system before it becomes available.

Researching For Years

Although the idea of cryptocurrency is just starting to become more popular and common among the majority of individuals, Google as a company has actually been funding the research of Blockchain systems for several years. Beginning in 2012 and continuing on to today, Google has been making their way by funding various Blockchain startups, and even acquiring a couple as well for their company. This funding and research eventually led the company to allow other Blockchain developers into the Cloud server once 2016 came around. Obviously, this has now led to Google creating and releasing their own Blockchain system, as we will describe a bit more in detail.

The Ultimate In Protection

One of the best benefits that comes with the new Blockchain system that Google is planning to establish is the protection it adds to the Cloud itself. For many people today, the fear of hackers gaining access to their private and personal data that has been sent up to the Cloud is strong, but with the new system, they can sigh in relief. The Blockchain system will allow the ultimate protection for the personal data that you send up to the Cloud as the system itself is basically impenetrable. In short, the new system will store your data into separate small servers, or in technical terms, it is decentralizing them. This separation of your data into various “compartments”, if you will, allows for more of your data being safer, and you are the only one with the password that will bring every single piece of personal and private data that you send up back down.

Not The Only One

Of course, Google is not the only company that is working toward releasing some sort of Blockchain system. However, not much information has been released on any other companies progressing toward releasing a product to the market either, and Google may still have the one up. It has been reported that Google will also be making quite a profit from the new system, as many third party Blockchain systems and programs can offer the same or similar systems to that of Google, and just pay them a commission for branding their personal product. Either way, it seems it will be a win-win for Google once their system is released to the public.

This is obviously not only exciting news for Google, but also for the public as well. This new Blockchain system for the Cloud will allow for major advancement technology wise in protection of personal data for every individual as well as for the cryptocurrency aspect of it all. Unfortunately, Google has not yet announced a potential release date for their new system and product or when it will take effect on the Cloud, but we are sure that everyone is anxiously anticipating more details. While this may mean that other competitors may make their move before Google decides to release their Blockchain system and product, we are sure that the company will be able to stand above the rest, considering how much time and effort they have dedicated to the research of similar systems. If you would like to find out more information about Google’s Blockchain system that is being developed for the Cloud, or information about other similar Blockchain systems and research that has been conducted over the years, you can find everything you need online through various outlets and blogs.

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