Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleRed Hat
CEO ReviewCompany Review

The Silicon Review Asia

Google is likely to deliver a Block-chain like system to the Cloud

Google is likely to deliver a Block-chain like system to the Cloud

Block-chain is a digital platform where e-currencies like the bitcoin and cryptocurrency can make a transaction that would be recorded chronologically and publicly. Google has decided to create a similar Blockchain-like system which would boost the security of cloud computing. During the last five years, Google had started buying block-chain start-ups and investing millions of dollars into others while many people were just only researching about it. There was only one other company which invested money into Blockchain during that period of five years. In 2016, Google opened its cloud server to different Blockchain developers. Now, Google may get the benefits of those years of research and funding.

The idea of creating a blockchain is to protect the clouding system from being exploited. For example, if a determined theft could crack the code to steal information or any other sensitive data from the storage unit, then an expert hacker may storm into the cloud storage servers of different company to get access to the data, but Blockchain would make that kind of break-in certainly impossible for the hacker.

So, it would be interesting to see how Google will break the technology barriers by launching their own Block-chain system. According to a source, Google also plans to release a white-label version of its system. That means third parties could offer customers the same system Google provides, but on their own servers and with their own branding, and would have to pay Google to do it.


Pine Labs Reaffirms its Commitment to Indian Payments Space with Qfix Acquisition

HDFC Bank is Qfix's main distribution partner Pine Labs has announced that it has acquired Qfix, a Mumbai-based online payments startup. This acquisi...

Salesforce Expands into Thailand, Opens Office in Bangkok

Salesforce has announced permanent presence in Thailand by launching its new office in the country’s capital, Bangkok. The permanent presence wi...

GMLL is expected to soon add two more stores to its retail arm ‘Price Mantra’

Garment Mantra Lifestyle, a popular name in the Indian fashion retail segment, recently made an announcement that the company is expanding its retail ...

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...