In brief:
A trio of former Google executives has launched a new blockchain community, XGoogler Blockchain Alliance (GBA) to develop and support blockchain-based technology initiatives.

In order to boost blockchain ledger technology, a trio of former Google executives has launched a new blockchain alliance to develop and support blockchain-based technology initiatives.

The community, XGoogler Blockchain Alliance (GBA) has been founded by Andy Tian, Hitters Xu and Daniel Wang along with project managers, investors, and advisors. The trio aims to bring together existing as well as former Google employees who are interested in the blockchain industry so as to develop and promote blockchain initiatives.

Hitters Xu is the founder of the next-gen public blockchain, Nebulas. Andy Tian founded the Gifto, a platform based on Ethereum, while Daniel Wang is the founder of Loopring, an automated, decentralized token exchange protocol. They manage various projects based on blockchain technology in China.

Tian says, “Google has always been in the forefront of new technologies worldwide, from Android to AI. As Googlers, we can bring our unique experiences to expand blockchain’s influence, to everyone, everywhere.”

Blockchain ledgers at present are employed for a large number of industrial uses. GBA will act as a shared space for inquiry, dialogue, and development regarding blockchain technology. San Francisco, Beijing, and Shanghai already have the xGoogler Blockchain Alliance.

This GBA development news came soon after Samsung announced to implement a blockchain ledger system to track global shipments which will reduce company’s shipping costs by 20 percent. Apart from Samsung, other big corporates are also joining the blockchain revolution. Joining the league, Ripple has invested USD $25 million of its XRP cryptocurrency into Blockchain Capital Parallel IV, a fund that will invest in blockchain initiatives. Moreover, as per reports, the Rockefeller family owned venture-capital fund, Venrock, will make long-term investments in blockchain startups. Thus, the growing interest of big corporates into the nascent crypto market indicates that blockchain and bitcoin have a bright future.

Furthermore, students at best business schools are ditching traditional jobs on Wall Street and in finance. They are getting more inclined towards blockchain startups and cryptocurrency companies. According to TechCrunch, with 14 job openings for every one developer, blockchain has emerged as the second-fastest growing industry in today’s labor market.

Robbie Mitchnick, an MBA student at Stanford Business School, said, “We’ve got a lot of people who came from traditional finance backgrounds that are forgoing the chance to go back into that world to get involved in the blockchain,” reported CNBC.

Edith Shi, a Harvard Business School student who’s the president of its Blockchain, Bitcoin, and Cryptocurrency Club, shares, “We’ve seen a huge increase in interest in blockchain and bitcoin here at Harvard Business School. Normally we get around 30 people signing up for information about the club. This year, we had nearly 800.”

Considering the increasing interest, top business schools are offerings more classes on bitcoin, cryptocurrencies, and blockchain.

Mitch Weiss, a professor at Harvard Business School, said, “We take our task to educate leaders who will make a difference in the world. And I think it is safe to say that blockchain leadership is going to be a big part of that.”

Thus, the technology behind Bitcoin, that is, Blockchain is certainly revolutionary. Regardless of Bitcoin’s volatility, it has significantly helped in expanding the blockchain technology across various sectors.

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