US-based IT-giant Google is reportedly developing its own solution based on the distributed ledger technology. The main aim is to strengthen clients' data in cloud services.

Google plans to implement blockchain-based solutions in its growing cloud services business. It helps Google to stand out against emerging competition from young blockchain startups that use the highly popular technology. As Bloomberg reports citing anonymous sources, familiar with the situation, Google plans to use blockchain solutions to enhance the security system of its cloud data storages.

Additionally, Google is developing its own distributed ledger, that third party will be able to use to send and verify transactions. The launch date for these products is still not scheduled.

Specialists in several departments working in the cloud services division of Google have concentrated their efforts on the development of blockchain-based protocols in recent months, another source said, asking not to be named, since the company is not yet ready to make an official announcement.

“Like many new technologies, we have individuals in various teams exploring potential uses of blockchain, but it’s way too early for us to speculate about any possible uses or plans,” a Google spokesman said.