Google Being naive or what with China move, Blockchain and Healthcare, Opportunities in IoT, ICE’s Bakkt cryptocurrency exchange, Apple hits $1 trillion milestone

These are some of the stories we are tracking in the world of IT:

Google Is in China Cloud Talks With Tencent, Others

It has been a while now that US tech majors like Google and Facebook have kept out of China due to its censorship laws. However, this is going to change soon. Google is already planning on offering a stripped down version of Chrome for Chinese users which will be subject to Chinese censorship. Now, Google is said to be in talks with Tencent, Inspur, and other local companies to offer its second most important service, Google Cloud, in mainland China. Google will offer its internet-based services -- such as Google Drive and Docs -- via the domestic data centers and servers of Chinese providers, similar to the way other U.S. cloud companies access that market. Read more about Google's China expansion plans on Bloomberg.

Google is called out in many editorials for their actions here. Remember the old motto, "don't be evil?" Was always a great goal wasn't it? Obviously evil is relative to Google. Helping the PRC's Communist Party maintain dictatorial control and censorship might be considered evil by some. And remember when Google said they decided helping DoD's Project Maven was wrong for them?

One of the editorials that caught our attention was in the Wall Street Journal. The editorial was titled "Don't Be Naive, Google."

Jessica Lessin at The Information put in her newsletter that Sergey Brin called her in 2010 to tell her why they were shutting down their censored Chinese search engine. The reason, "...in some aspects of their policy, particularly with respect to censorship, with respect to surveillance of dissidents, I see the same earmarks of totalitarianism, and I find that personally quite troubling."

The CTOvision view: we doubt that China is begging for Google to come back and do business with them. Must be the other way around. Maybe what Google needs is an excuse to not go begging to totalitarian regimes. Maybe the governments of the open societies can help come up with that excuse. Like regulating what can be done by companies seeking to help closed societies perpetuate their human rights abuses. Just an idea.

Also see:

Will Blockchain Transform Healthcare?

Blockchain and healthcare are two sectors that are growing rapidly but can they help each other out? The Wall Street Journal recently noted that the United States “will soon spend close to 20% of its GDP” on healthcare. But the healthcare sector has been plagued with rising costs due to cybersecurity and customer privacy. What if there is a role that blockchain technology can play in the long-term transformation of U.S. healthcare. Randy Bean takes a look at how blockchain technology could help healthcare sector transform itself into a growth story on Forbes.

Realizing the Opportunity Arising From the Internet of Things

Though the Internet of Things (IoT) might be built with innovative technologies, real innovation is found in how it allows organizations to become more intelligent, agile and adaptive. Organizations must look past the hype of the IoT to see the real opportunity to enable the “Innovation of Things,” notes Benson Chan, senior partner at research and consulting firm Strategy of Things. Read how the Internet of Things can change the way companies automate on Automation World.

Buying Your Starbucks Fix With Bitcoin Is Now Closer to Reality

This could perhaps be the turning moment for cryptocurrencies like Bitcoin, Etherum etc. Intercontinental Exchange (ICE), the owner of NYSE, is partnering with Starbucks, Microsoft, and others to form a new Bitcoin trading platform called Bakkt. With the federal government already toying with the idea of regulating cryptocurrencies, Bakkt trading on ICE could lead the way for ordinary Americans to buy and sell bitcoins and other cryptocurrencies without the fear of money laundering. Read about ICE's new Bakkt exchange on Bloomberg.

Tim Cook thanks employees in memo following record-setting $1 trillion market cap

Last week something great happened on NYSE. Apple became the first company in history to hit the $1 trillion market cap when its stock price read $203 per share. CEO Tim Cook thanked his employees for creating history. In a memo to employees, CEO Tim Cook told the employees that Apple's $1 trillion market cap a significant milestone, but not the most important measure of success. Pressing that innovation remains the key area for Apple, Cook told the employees that the financial results are simply a byproduct of Apple’s continuing innovation. Source: 9to5Mac.

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