Alphabet CEO Says Company ‘Definitely’ Looking at Blockchain

On Tuesday, representatives from Alphabet, the parent company of Google and YouTube, said they were exploring the possibility of introducing blockchain technology into the company’s popular services.

In response to a question from an analyst on how Alphabet views Web3, CEO Sundar Pichai said the company is looking into many “areas of interest,” including augmented reality and blockchain technology.

“We’re definitely looking at blockchain,” Pichai added, describing it as “a fascinating and powerful technology with a wide range of uses.”

According to Pichai, Alphabet’s cloud division — a part of the company that competes with Amazon Web Services and Microsoft — is looking at how blockchain-based platforms might “meet customer demands.” That seemingly could be applied in employing blockchain tech to organize customer service requests.

“Anytime there’s innovation, I find it exciting, and I think it is something we want to support the best we can,” Pichai said. “The web has always developed and will continue to evolve, and we at Google have gained much from open-source technology; therefore, we want to contribute there.”