Google Forms Blockchain Group Under Newly Appointed Executive

Google is forming a group dedicated to the blockchain and related technologies under a newly appointed executive who has spent more than a decade on the company's core business of search advertising. From a report: Shivakumar Venkataraman, an engineering vice president for Alphabet's Google, is now running a unit focused on "blockchain and other next-gen distributed computing and data storage technologies," according to an email viewed by Bloomberg News. The executive will become a "founding leader" of Labs, a business division in which Google houses its various virtual and augmented reality efforts, according to the email.

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