Google forms blockchain group

Google is forming a group dedicated to the blockchain and related technologies under a newly appointed executive who has spent more than a decade on the company’s core business of search advertising. Shivakumar Venkataraman, an engineering vice president for Alphabet Inc.’s Google, is now running a unit focused on “blockchain and other next-gen distributed computing and data storage technologies,” according to an email viewed by Bloomberg News.

At the time, Google described Bavor’s work as focusing on “long-term technology projects that are in direct support of our core products and businesses.” The unit working on blockchain is relatively small compared with Google’s other product areas, said a person familiar with the company. Venkataraman, a veteran of Google’s search advertising team, has previously published research on the company’s techniques for distributed computing, or tying large numbers of machines together in networks.

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