Google is adopting blockchain-like technology

Google is planning to adopt a blockchain-like ledger system, people familiar with the situation told Bloomberg. Google will use the tech, the report states, as a means of differentiating its cloud business from rivals. The company would also supposedly license the ledger system so that other companies could run it on their own servers.

Google was the second most active corporate investor in blockchain tech from the 2012 to 2017 period, according to CBInsights, just trailing after the Japan-based SBI Holdings. The company has also been investing and acquiring startups with digital ledger experience, the anonymous source told Bloomberg.

Other major tech companies like IBM and Microsoft also have active investments in blockchain-style technologies. The Verge has reached out to Google for comment.

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