Google plans its own Blockchain-Based Platforms, as it intends to design a so-called “tamper-evident” Blockchain-based ledger. In the meantime, Google’s Alphabet Inc. looks into utilizing the technology to form a transparent audit review platform, according to some of the online sources citing company’s representatives.
23 March, AtoZForex – This week, Google has announced two separate Blockchain projects it is currently working on. These include the “tamper-proof” auditing system and a cloud operations platform.
Google plans its own Blockchain-Based Platforms
Google has filed a patent initially in September 2017. According to the patent, Google plans to create a so-called “tamper-evident” ledger on the basis of Blockchain. In the meantime, Google’s Alphabet Inc. looks into utilizing the technology to form a transparent audit review platform, according to some of the online sources citing company’s representatives.
Earlier this month, Google has moved to restrict all cryptocurrency related advertisement from Google Adwords. In its announcement, Google has clarified that the advertisement ban will be on Binary options, Cryptocurrencies and related content like initial coin offerings (ICOs), cryptocurrency exchanges, cryptocurrency trading advice and cryptocurrency wallets. However, it will not be limited to this list, since Google will keep on monitoring the markets for more “Cryptocurrency related content and ads”.
This shift has followed the move from Facebook, with the Internet giant deciding to ban all crypto-related ads from its platform earlier this January. According to the Product Management Director of Facebook, Rob Leathern, the new Facebook policy bans ads that specifically promote the types of services and products “that are frequently associated with misleading or deceptive practices.”
Will Google Crypto Ad Ban affect the release of its projects?
Due to the fact that cryptocurrencies are the inherent part of Blockchain platforms, Google’s new advertisement policy would limit the latter from publishing content on AdWords. Following on this, the ethical implications of restricting Blockchain project from its advertising service and simultaneously working on two such platforms of its own have not been addressed by the company yet.
The patent’s abstract reads:
“A method of performing tamper-evident logging may include identifying an existing block in a target blockchain, where the existing block is associated with a first signature, and identifying a block of a second blockchain, where the block that is identified is associated with a second signature. The second blockchain is not a part of the target blockchain.”
As of now, there is no timeframe known for a possible launch of either project.
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