Google Cloud Platform is putting together an expert Web3 team to leverage cryptocurrency and blockchain technology. Cloud Computing Services Suite says its new Web3 team will focus on building services for developers running blockchain applications. In addition, the team will also provide blockchain services to enterprises and customers looking to take advantage of the technology. A descriptive roadmap has already been laid out in the new Google Cloud Web 3 division, to be run by former Citigroup executive James Tromans. It also includes software for better management of blockchain nodes as well as discovery of blockchain data in third party applications.
Commenting on Google Cloud’s Web3 group, Amit Zaveri, Vice President of Google Cloud, wrote in a company email (via CNBC), “While the world is still in the embrace of Web3, it is a market that is already demonstrating tremendous potential with many customers, which allow us to understand Web3 and crypto-related technologies. Asking to extend your support for
In addition, Zaveri also said that the plan is to make Google Cloud Platform Major choice for developers. Furthermore, the VP also emphasized this statement in a media session, emphasizing the new group’s ‘supporting role’ in crypto advancement.
Services offered by web 3 The conglomerate will be similar to those already offered by large tech companies, including Alibaba and Amazon. Microsoft previously offered blockchain services until last year, when the software giant ended its Azure blockchain services. As it stands, Google Cloud will essentially compete with Alibaba and Amazon for market share in cloud infrastructure services.
It is worth noting that in January Google Cloud disclosure of plans For a Digital Assets team to work with their clients. This came after the explosive growth of non-fungible tokens (NFTs), and at the time, Google was exploring crypto payment options.
Some of the blockchain-focused companies Google has collaborated with include chain link, Ontology, EOS, Theta Network, and Hedera Hashgraph. Apart from this the tech company has a . also worked on blockchain project With Dapper Labs’ Flow Blockchain.