Google is developing its own solution based on distributed ledgr technology, which can be used in the company's cloud services and help it stand out against competitors. This is reported by Bloomberg.
Google can use the blockchain to ensure the security of data storage of its customers.
In addition, Google is developing its own distributed registry, which third-party companies will be able to use to send and verify transactions The launch date for blockchain-based products isn't available.
Several people working in the cloud services division of Google have concentrated their efforts on the blockchain protocols in recent months, another source said, asking not to be named, since the company is not yet ready to make an official announcement. The Google spokesman declined to comment on the situation.