Google Cloud expands its blockchain initiatives with the establishment of a digital assets team.
According to a blog post, the new Google Cloud team’s mission is to expedite clients’ efforts in the growing blockchain and cryptocurrency industries.
Blockchain, bitcoin, and decentralised technology are all interesting subjects that have been generating significant interest for almost a decade. Everyone wants to be a part of cutting-edge advancements nowadays.
Yolande Piazza, Google Cloud’s vice president of Financial Services, said Thursday that the company has launched a Google Cloud Digital Assets Team to support customers in developing, trading, storing, and releasing new goods on blockchain-based platforms. As stated in the blog;
“This new team will allow our clients to expedite their efforts in this burgeoning field and contribute to the underlying infrastructure of tomorrow’s blockchain ecosystems.”
The blog cites Hedera, Theta Labs, and Dapper Labs as examples of companies that have previously integrated Google Cloud, noting that the Digital Assets Team will engage in a range of initiatives in the medium and long term.
Dedicated node hosting/remote procedure call (RPC) nodes for developers, node validation and on-chain governance in collaboration with some partners, and assisting users and developers in hosting their nodes on the “cleanest cloud in the industry” are just a few of the activities the team will undertake.
Additionally, the release indicates that as the new team grows, it will investigate methods to enable Google Cloud users to send and receive payments using cryptocurrencies.
This is not the first time Google has entered the crypto sector. Google, the parent company of Google Cloud, has recruited a PayPal veteran to help with the development of Google Pay, as the company continues to look to the future and explore cryptocurrency.
Google partnered with Coinbase in June to enable Coinbase clients to pay for goods and services using Google Pay. Google and Bakkt partnered in October to enable exchange clients to spend their bitcoin using Google Pay.