In a surprise admission at this week’s Blockchain Summit hosted by British billionaire Sir Richard Branson, Google co-founder Sergey Brin said regretfully that his company missed out at being at the forefront of the nascent technology, claiming “we probably already failed to be on the bleeding edge, I’ll be honest.”
In what is proving already to be a week of revelations about his secret love for all-things-blockchain, Google co-founder Sergey Brin has stated that his company should have been at the forefront of blockchain technology when it was still in its infancy, but regretfully “missed its chance.”
Instead, this year Google chose to ban the advertising for blockchain’s no.1 offspring cryptocurrency, an action which has caused the fledgling industry colossal damage that will take many years to claw back.
Why Google “Failed To Be At The Bleeding Edge” of Blockchain
Someone who has been conspicuous by their absence in Morocco this week has been Larry Page (pictured), Sergey Brin’s co-founder of Google. It is interesting and possibly revelatory that over the years, Page has never made any kind of statement regarding Bitcoin, cryptocurrency or blockchain technology.
As this week has revealed that Sergey Brin is a longtime fan of blockchain technology, and would have loved his company to have embraced it years ago, the question is “what prevented that from happening? It would seem that for now at least, Brin’s not prepared to reveal that information.
Speaking earnestly at Sir Richard Branson’s invitation-only Blockchain Summit that began on Morocco at the weekend, Brin said:
“We probably already failed to be on the bleeding edge, I’ll be honest.”
However, Brin also hinted that Google’s semi-mythical top-secret research division “Google X” was using blockchain technology:
“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.”
Once again, Sergey Brin repeated the anecdote about how it was his son who inadvertently got him interested in cryptocurrency:
“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. That definitely got me interested and I started to study the technology behind it and found it to be fascinating.”
Why Sir Richard Was Forced To “Change Venue”
This is the fourth year that Virgen boss Sir Richard Branson has held his Blockchain Summit, although its location this year of Marrakesh, Morocco was born out of necessity rather than preference. The first three summits were all held at Branson’s own private Necker Island in the Caribbean. However, last year the “Category 5” storm that was Hurricane Irma obliterated Necker as well as much of the Caribbean, resulting in the displacement of thousands of residents.
In its first three years, the Blockchain Summit had led to many positive advancements in the promotion of blockchain, including the formation of the Blockchain Alliance, which has 36 government agencies, and the creation of the Global Blockchain Business Council, which has members from 35 countries.