Google Cloud forms new Web3 division with blockchain focus, it will serve business customers looking to leverage blockchain technologies.
The new division is basically a team tasked with developing services for enterprise clients seeking to leverage blockchain technology.
According to Google Cloud Vice President Amit Zavery Web3 is a market that is already demonstrating tremendous potential. He says customers are requesting greater support for Web3 and cryptocurrency.
So the new division of Google Cloud aims to become the first choice for developers working in Web3.
How will Google Cloud explore blockchain?
Zavery clarified that the Google blockchain and Web3 division will not try to be part of “the cryptocurrency wave directly.”
Instead, it is providing Google’s business customers with access to blockchain technology. Basically it is something like blockchain-as-a-service to enterprise users, giving those users the ability to navigate blockchain data or run blockchain nodes.
Early efforts by the division could include better management of blockchain nodes and software for exploring blockchain data in third-party applications.
There is an obvious similarity with cloud services offered by big tech companies such as Alibaba, Amazon.
It’s worth mentioning that Microsoft Azure used to provide its customers with blockchain services. But last year Azure ceased this services.
According to some media reports, Google Cloud blockchain division will be led by former Citigroup executive James Tromans, who joined Alphabet in 2019.
Is Google Cloud going Web3?
It’s not the first time we hear about Google Cloud planning something big for Web3 and blockchain.
Google previously said it was looking at ways for customers to make crypto payments as well as take advantage of the various other enterprise services it offered.
Google has already collaborated with several blockchain projects. Usually, Google Cloud serves as a node operator, participating in blockchain governance and handling data.
Google Cloud also has technologies to independently manage crypto datasets for blockchains such as Bitcoin, Ethereum.
Key Takeaways
- Google Cloud is about to launch a blockchain and Web3 division that will focus on providing services to enterprises.
- Google is getting into crypto quite seriously with technologies allowing to serve as a node operator for data handling
Source: CNBC
