The division will be led by Shivakumar Venkataraman, an engineering vice president for Google.
The division will focus on ‘blockchain and other next-gen distributed computing and data storage technologies,’ according to an email obtained by Bloomberg.
The new blockchain division will be dedicated to the experimentation with these decentralized technologies under the umbrella of the Labs group.
Labs is an experimental division that groups all the AR and VR efforts, and other potential projects in the tech area. The new Google Labs group also includes an in-house incubator for projects called Area 120.