Google Cloud has announced a new, dedicated Digital Assets Team within Google Cloud to build, transact, store value, and deploy products on blockchain-based platforms. The new team will build on Google’s existing work with blockchain developers, exchanges, and other companies in this space.
Currently, blockchain and distributed-ledger-based companies like Hedera, Theta Labs, and Dapper Labs are built on top of Google Cloud for scalability, flexibility, and security. Moving forward, Google Cloud’s Digital Assets Team will undertake short and long term initiatives to support companies in the digital assets/blockchain ecosystem. The steps include providing dedicated node hosting/remote procedure call (RPC) nodes for developers, allowing users to deploy blockchain validators on Google Cloud via a single click, and participating in node validation and on-chain governance with select partners.
The Digital Assets Team will also support on-chain governance via participation from Google Cloud executives and senior engineers, host several public BigQuery datasets on Marketplace, like full blockchain transaction history for Bitcoin, Ethereum, Bitcoin Cash, Dash, Litecoin, Zcash, Theta, Hedera Hashgraph, Band Protocol, Polygon, XRP, and Dogecoin.
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Companies will also receive assistance in driving co-development and integration into Google’s robust partner ecosystem, including participating in the Google Cloud Marketplace. Digital Assets Team will also help in embracing joint go-to-market initiatives with ecosystem partners where Google Cloud can be the connective tissue between traditional enterprise and blockchain technologies.
Google Cloud is also exploring opportunities where customers can make and receive payments using cryptocurrencies.
According to Google, Blockchains and digital assets are changing the way the world stores and moves information. As the technology becomes more mainstream, companies will need scalable, secure infrastructure to grow their businesses and support their networks.
Working principles
Consistent with Google Cloud’s core business: To pursue blockchain projects and partnerships that align with their mission and our expertise.
User trust and governance: Maintain their commitment to users through a robust focus on privacy and user trust, as well as an uncompromising focus on compliance with applicable laws.
Network-agnostic: Google’s infrastructure will seek to preserve optionality of networks for the benefit of users.
