Google is creating an internet Wave

google_wave_logoGoogle is yet again creating a powerful tool for the web called Google Wave.

During the Google I/O keynote, Vic Gundotra , Google’s VP of Engineering, introduced the new product to the audience.

Google Wave was developed by Lars and Jens Rasmussen and Stephanie Hannon of Google’s Sydney, Australia offices.

What is Google Wave?

Google Wave is a tool for communication and collaboration on the web, which will be available later this year.

In Google Wave, users create and invite other people to “waves”. Everyone on a wave can use richly formatted text, photos, gadgets, and even feeds from other sources on the web. They can insert a reply or edit the wave directly. It’s concurrent rich-text editing, where you see what other users on the wave are typing in real-time. That means Google Wave is just as well suited for quick messages as for persistent content – it allows for both collaboration and communication. You can also use “playback” to rewind the wave to see how it evolved.

google_wave-screenshot

What is a wave?

A wave is equal parts conversation and document.People can communicate and work together with richly formatted text, photos, videos, maps, and more.

A wave is shared. Any participant can reply anywhere in the message, edit the content and add participants at any point in the process. Then playback lets anyone rewind the wave to see who said what and when.

A wave is live. With live transmission as you type, participants on a wave can have faster conversations, see edits and interact with extensions in real-time.

Video: Google Wave keynote presentation

Google Wave still don’t have a specific time frame for public release, but you can sign up here to know when its ready.

I already signed up!

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