Alphabet (NASDAQ: GOOGL) CEO Sundar Pichai recently talked about his company\u2019s interest in Web3 and blockchain technology.<\/p>\n
Pichai made these comments last Tuesday (February 1), during Alphabet\u2019s Q4 2021 Earnings Call. According to the transcript of the earnings call by The Motley Fool, when Douglas Anmuth, Internet Analyst at J.P. Morgan, asked Pichai about his views on Web3, the alphabet CEO replied:<\/p>\n
\u201cThanks. Look, any time there is innovation, I find it exciting, and I think it is something we want to support the best we can. The web has always evolved, and it\u2019s going to continue to evolve. And as Google, we have benefited tremendously from open-source technologies, and so we do plan to contribute there.<\/em><\/p>\n \u201cThere\u2019s several areas of interest. AR is a big one at the computing layer. We\u2019ve been investing there for a long time, we\u2019ll will continue to play a role. And it\u2019s something both \u2014 not just with the computing layer, but services layer, be it Maps, YouTube, Google Meet, etc., I think, will contribute a lot.<\/em><\/p>\n \u201cOn Web3, we are definitely looking at blockchain, and such an interesting and powerful technology with broad applications so much broader again than any one application. So as a company, we are looking at how we might contribute to the ecosystem and add value. Just one example, our Cloud team is looking at how they can support our customers\u2019 needs in building, transacting, storing value and deploying new products on blockchain-based platforms. So we\u2019ll definitely be watching the space closely and supporting it where we can.<\/em>\u201c<\/p>\n https:\/\/youtube.com\/watch?v=ZiticC4iLuY%3Ffeature%3Doembed<\/p>\n On January 27, CNBC reported that \u201cGoogle\u2019s\u00a0cloud division has formed a group to build business around blockchain applications, following efforts to grow in retail, health care and other industries.\u201d<\/p>\n Richard Widmann, Head of Strategy for Digital Assets at Google, told CNBC that \u201cthe cloud group plans to hire a slew of people with blockchain expertise.\u201d<\/p>\n Widmann mentioned that \u201cGoogle is considering what types of services it can offer directly to developers in the blockchain space.\u201d He also added that there are \u201cthings we can do to reduce the frictions some customers have with respect to paying for centralized cloud utilizing cryptocurrencies.\u201d<\/p>\nDisclaimer<\/h2>\n