Google Cloud is expanding its partnerships with blockchain and crypto-related companies to support the growing Web3 space. The cloud computing service offered by Google announced a partnership with ChainSafe and Amber Group to help Web3 startups leverage its infrastructure technology.
According to Injong Rhee, VP of Google Cloud, the company is "dedicated to enabling developers to build more decentralized applications and arming them with the necessary tools and infrastructure to scale it effectively."
This move follows the significant rise in popularity of Web3 and blockchain technology worldwide. Big companies like Google, Amazon, and Microsoft are competing to offer the best infrastructure and services to Web3 startups, which represent a significant growth potential in the tech sector.
ChainSafe, a blockchain infrastructure company, is using Google Cloud to ensure its Ethereum client, Lodestar, can be deployed and supported across multiple environments. Thanks to the partnership, ChainSafe can offer a more robust and scalable solution to its clients while leveraging the powerful features of Google Cloud.
On the other hand, Amber Group, a crypto finance platform, is using Google Cloud to power its trading and risk management systems. The platform leverages Google's cloud computing services to access real-time analytics and machine learning capabilities, which help provide a better user experience for its clients.
Why is Google Cloud Interested in Web3?
Google Cloud sees a significant growth opportunity in the Web3 space. By partnering with blockchain and crypto-related companies, the tech giant can expand its reach and provide its powerful cloud computing infrastructure to a growing market. Furthermore, Web3 startups require sophisticated infrastructure to scale, and Google Cloud can offer a more accessible and reliable solution than building their own.
Conclusion
- Google Cloud announced partnerships with ChainSafe and Amber Group to support Web3 startups.
- ChainSafe is using Google Cloud to deploy and support its Ethereum client, while Amber Group leverages the tech giant's services to power its finance platform.
- Google Cloud sees an opportunity in the Web3 space and hopes to expand its market share by offering cloud computing infrastructure to blockchain and crypto-related companies.
References:
- https://www.coindesk.com/google-cloud-expands-partnerships-wants-more-web3-startups-to-leverage-its-infrastructure
- https://techcrunch.com/2022/01/25/google-cloud-partners-with-chainsafe-amber-group-to-help-web3-startups-leverage-its-infrastructure/
Akash Mittal Tech Article
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