Can A Blockchain-Based Search Engine Take Out Google?
A week ago, it was accounted for that Google is one of the world’s most dynamic benefactors of blockchain-backed startup companies. Since 2012, Google has driven 140 equity investments totaling generally $1.2 billion in the blockchain segment. The question waits, for what reason hasn’t Google directly built or included blockchain with its search functionality?
At present, Google has monopolized the search market and now controls almost 80 percent of desktop and 95 percent of mobile searches. Truth be told, Google handles more than 40,000 search questions each second, which means more than 3.5 billion inquiries for every day and 1.2 trillion searches for every year. The service successfully fills in as the “gatekeeper to the digital world,” to a great influential part that significantly shapes the direction of our web based economy.
Numerous accept, be that as it may, that a part of this essentialness ought not to be endowed to one company. Having a single entity in control is especially troublesome on the grounds that it can work in an opaque way.
“The original purpose of the web and internet, if you recall, was to build a common neutral network which everyone can participate in equally for the betterment of humanity,” writes Matthew Hodgson in TechCrunch. “But now we have Skype from Microsoft, Facetime from Apple, and Google with Duo. Each big company has its own equivalent service, each stuck in its own bubble. These services may be great, but they aren’t exactly what we imagined during the dream years when the internet was being built.”
The conglomerates specified by Hodgson have taken control over the digital world. They control access to our most critical data and private information. In any case, Hodgson goes ahead to state that “there is an emerging movement to bring the web back to this vision and it even involves some of the key figures from the birth of the web. It’s called the Decentralized Web or Web 3.0, and it describes an emerging trend to build services on the internet which do not depend on any single ‘central’ organization to function.”
There are various inherent security and efficiency advantages to utilizing a distributed, blockchain-based system to store data that centralized information warehouses can’t compete with.
No longer is a bit of sci-fi or part of a silly television show, a decentralized web definitely turning into a reality. Rising blockchain new companies are starting to understand the maximum capacity of a distributed economy, as they work out various components of this new decentralized ecosystem.
Presearch, is building up an open, decentralized web search tool that “rewards community members with Presearch Tokens for their usage, contribution to, and promotion of the platform.”
As more buyers and enterprises become tied up with the decentralized economy, it will be enthusiasm to see which ventures gains widespread adoption the fastest. The Google’s of the world are investing significant capital in bringing frontier technologies, as blockchain, to the majority within the near future. Let the race begin.
