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Sergey Brin Admits Google Missed the Boat to Be an Early Adopter of Blockchain Technology

By NexChange
FinTech

Alth0ugh Google has transformed our lives so thoroughly through its technological innovations that its company name is now a verb roughly translated to mean search, the Mountain View, Calif. company has been a lot less transformative when it comes to some of the most recent waves in innovation, especially blockchain technology.

Google’s slow-footed move into blockchain is not lost on co-founder Sergey Brin, who conceded that the company has thus far missed the boat on the technology. Brin, who now serves as president of Google’s parent company Alphabet, was speaking at Richard Branson’s Blockchain Summit in Morocco over the weekend, as CNBC reports.

“We probably already failed to be on the bleeding edge, I’ll be honest,” Brin said.

Although Google may have missed out on early adoption of the distributed ledger technology, Brin suggested that blockchain is within the wheelhouse of X, the company’s semi-secret research division.

“I see the future as taking these kind of research-y kind of out there ideas and making them real — and Google X is kind of like that,” Brin said.

Meanwhile, Brin admitted that his knowledge of cryptocurrencies is minimal, but he made some sort of nerd pact with his son in which he would buy his son a PC gaming system as long as they use it to also mine cryptocurrency. (Is this normal?)

Anyway, per CNBC:

“A year or two ago my son insisted that we needed to get a gaming PC,” Brin said. “I told him If we get a gaming PC we have to mine cryptocurrency. So we got an ethereum miner on there and we’ve been making a few pennies and dollars since.”

Brin said, “that definitely got me interested and I started to study the technology behind it and found it to be fascinating.”

We can probably expect Sergey Brin to be a crypto billionaire very shortly.

Photo: YouTube/World Economic Forum

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