Bloomberg reports that Google has revived Google Labs with research projects on blockchain and peer-to-peer (p2p) technology.
According to Bloomberg, Google has revived its Google Labs research department. The research department is said to be researching blockchain and p2p technology for storage, among other things.
Google aims to invest in developing technology for next-gen distributed networks, solutions and applications. The interest in blockchain technology is notable. Google offers cloud-based blockchain services through Google Cloud, but has never openly developed a proprietary blockchain service.
Collaboration with Dapper Labs
The tech giant is collaborating with Dapper Labs, founder of a blockchain-based platform for nonfungible tokens (NFTs). The platform facilitates trade in officially registered digital collectables.
Google Labs is also said to be working on various solutions and applications for augmented and virtual reality. Focus areas include Project Starline (experimental holographic video conferencing platform) and Area 120, an in-house AR and VR incubator.
Google Labs is led by Shivakumar Venkataraman, a technical VP at Alphabet, the tech giant’s parent company.