- February 28, 2019
- Posted by: admin
- Category: Uncategorized
Tools for Blockchain-While cryptocurrencies have been a no-go for search engine giant, Google, the blockchain technology has been embraced by the company.
Google recently launched search tools that allows a user to search for patterns in a blockchain of their choice. These tools permit a user to search a blockchain in much the same way that they would search the internet, a news portal, The Bitcoin News said.
The portal further noted that the tools would allow Google to analyze patterns in transaction flows which would further allow the company to then develop appropriate blockchain technologies and potentially even predict future crypto prices.
This is not the first time, we are hearing of this. Earlier, Crypto-News India had reported on Allen Day, a 41-years old data scientist at Google, who recently used one of his tools developed at Google to figure out a “mysterious, concerted usage of AI” on Ethereum blockchain. According to him this usage was by a whole bunch of “autonomous agents” that were moving funds around “in an automated fashion”. While he couldn’t figure out who has created these agents, he thinks that they’re created by cryptocurrency exchanges to trade between themselves for artificially inflating the price of Ether.
At the time he had said, “It’s not really just single agents doing things on their own. They’re forming with other agents to have some larger group effect.”
In 2018, Allen and a small team of developers along with him started loading the data of Bitcoin and Ethereum blockchains into BigQuery, Google’s big data analytics platform. Once it was done, Allen and lead developer Evgeny Medvedev created a sophisticated tool to search the data. No publicity was done for the project, but despite that being a Google project it got publicized itself and as many as 500 projects were created using the new tools developed by Allen and Evgeny. Crypto-minded coders found about the project themselves.
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Article Credit: Crypto News
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