We’ve seen several reports of Google wanting to bring Internet access to emerging-countries, and the company has now announced a project that will greatly help it accomplish that goal. In a post on the official Google blog,  Mike Cassidy announced the next “moonshot” from Google’s mysterious X lab, balloon-powered Internet access.

Google believes that it might be possible to build a ring of balloons that travel around the globe on the stratospheric winds and provide Internet service to the earth below. The company does warn us that this idea is still in the very early days of development, but says that it has built a system that uses balloons carried by winds at altitudes as high as planes and beams Internet at speeds as fast or faster than current 3G networks.  expand full story