Bloomberg is notorious for publishing (In my opinion) low-quality blockchain articles. This one, for example, failed to clearly explain why blockchains would take the company to the next level. It also wasn't clear if this was one team's aspirations or a serious strategic direction for the company.
Bloomberg never fails to deliver garbage on this subject.
"Several people in Google’s infrastructure group, which reports to cloud chief Diane Greene, have been tinkering with blockchain protocols in recent months, according to another person familiar with the company. Other Google insiders said recently that the cloud business is a natural place for blockchain-related services. The people asked not to be identified talking about the subject because the company isn’t ready to make an announcement yet."
So, in other words, a few engineers are allegedly messing around on the side with blockchain code. There is no announcement or official plan to use it. And two or more Google employees have stated (at some point) that blockchain nodes work well on cloud servers.
Bloomberg does a lousy job at news, but a great job at making crypto look bad to its readers. This article is a great exhibit for people to point to and say that blockchain is a hype bubble. Don't be fooled by the fake news.
Google has been experimenting with and deploying blockchain technology since before 2013. Certificate Transparency[0], designed at Google, stores certificates in a distributed merkle tree. Any certificate that Chrome accepts as valid is stored in the certificate transparency merkle tree.
Can someone please explain why a PAXOS[1] solution isn't sufficient and a blockchain is required when all the infrastructure and software is owned and controlled by a single company?
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[ 7.5 ms ] story [ 31.0 ms ] threadBloomberg never fails to deliver garbage on this subject.
So, in other words, a few engineers are allegedly messing around on the side with blockchain code. There is no announcement or official plan to use it. And two or more Google employees have stated (at some point) that blockchain nodes work well on cloud servers.
Bloomberg does a lousy job at news, but a great job at making crypto look bad to its readers. This article is a great exhibit for people to point to and say that blockchain is a hype bubble. Don't be fooled by the fake news.
[0]https://tools.ietf.org/html/rfc6962
There is also CONIKS and Google's Key Transparency.
This comes to my mind: https://medium.com/@bbc4468/centralized-vs-decentralized-vs-...
[1] https://en.wikipedia.org/wiki/Paxos_(computer_science)