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Google Forms Blockchain Group Under Newly Appointed Executive

  • Alphabet company has stayed way from public crypto projects
  • Commerce chief has said Google eyeing crypto developments
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Photographer: Victor J. Blue/Bloomberg

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.

Shivakumar Venkataraman, an engineering vice president for Alphabet Inc.’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. A company spokesperson declined to comment.