Google might have blocked cryptocurrency and ICO ads, but that doesn’t necessarily mean they’re against the multiple possibilities blockchain is in position to offer, as in a recent announcement, Vitalik Buterin, CEO at Ethereum (ETH) revealed that he’s been contacted by Google in order to help them with a “behind-the-scenes” blockchain platform or possibly cryptocurrency in the making.
The multi-billion tech giant approached Mr. Buterin via email, where Google recruiter Elizabeth Garcia, pretty much offered a job to the young Russian entrepreneur. Vitalik Buterin shared a screenshot of the email with a poll saying “should I drop Ethereum and work for Google?”.
Before it was taken down, 59 percent of more than 2,000 people polled on Twitter responded that Mr. Buterin should not abandon his own project Ethereum (ETH), which is estimated to be the second largest blockchain platform worldwide at the moment, trusted by hundreds of governmental, academic, banking and corporate institutions.
Neither Google nor Mr. Buterin responded immediately to a request for comment, however, the tech company has previously revealed that it is interested in distributed ledger technologies, underlying behind cryptocurrencies like Bitcoin and Ethereum.
“Like many new technologies, we have individuals in various teams exploring potential use of blockchain, but it’s too early for us to speculate about any possible uses or plans,” a spokesperson told Business Insider in March.
Of course, Google is not the only one seeing the enormous opportunities blockchain technology carries throughout its evolution into a mass-adopted state of technological advancement.
More specifically, multiple other Silicon Valley giants are about to enter the scene or have entered already, including Facebook, who revealed earlier this month that is was setting up an exploratory blockchain group that will report directly to the company’s CTO, Mike Schroepfer.
Another Silicon Valley giant apparently keen on the technology is Facebook, who revealed earlier this month that it was setting up an exploratory blockchain group that will report directly to the company’s CTO, Mike Schroepfer.
“I’m setting up a small group to explore how to best leverage blockchain across Facebook, starting from scratch,” David Marcus, who previously led the Facebook Messenger team, said in a post on Facebook.
With over 2 billion users worldwide, speculations want Facebook developing its own cryptocurrency for the instant communication platform, as well as the possibility to launch its own blockchain-powered network.
According to the Independent, Facebook’s platform and network of users around the world could conceivably lead to the world’s first truly mass-market cryptocurrency.
Vitalik Buterin, in his early 20s, managed to create and run a multi-billion dollar enterprise and it should be no surprise that tech leaders like Google or Facebook would be interested in his particular set of skills when it comes to distributed ledger technology.
American Governmental-level banking institution JP Morgan already uses Ethereum’s network to run a private blockchain platform to please their customers’ needs regarding privacy, security, integrity, accuracy and instant transaction times within the network, regardless of the sum being exchanged.
As time passes, blockchain technology covers a bigger portion of the industrial sectors, being adopted more frequently, and by larger companies every time, blockchain managed to be useful for everyone willing to use it.
With projects like the Berlin-based IOTA Foundation, being already backed by corporate leaders like BOSCH, Volkswagen, and Porsche among others, as well as used by governmental institutions like the municipality of the city of Haarlem in the Netherlands, and the city of Tapei in Taiwan, more and more legal entities take blockchain technology seriously this year.
Also, the first global regulations on cryptocurrencies are on their way to be released and applied until the end of the summer, under the supervision of the international economic forum, G20 who wants to treat cryptocurrencies neither as currencies nor as securities as previously proposed but as an entirely new digital asset class.
The Korean’s are the first to comply with the new regulations and more countries will most likely follow up.
Let me guys know your thoughts on this. Do you think that it is a good thing that major tech-giants are interested in this disruptive field?