Google Cloud to launch digital assets team

Google Cloud is set to launch a digital assets focused team.

The BigTech said the new team will support its customers’ needs in building, transacting, storing value, and deploying new products on blockchain-based platforms.

Google said the new team will enable its customers to accelerate their efforts in the blockchain space and help to underpin future blockchain ecosystems.

Blockchain related firms such as Hedera, Theta Labs, and Dapper Labs have already implemented Google Cloud according to the BigTech.

Google said the team’s initiatives will include providing dedicated node hosting/remote procedure call (RPC) nodes for developers, allowing users to deploy blockchain validators on Google Cloud with a single click.

Google also said the team’s efforts will include participating in node validation and on-chain governance with select partners, supporting their environmental, social, and governance initiatives.

In addition, the BigTech said the initiative will include hosting several public BigQuery datasets on its marketplace, including full blockchain transaction history for Bitcoin, Ethereum, Bitcoin Cash, Dash, Litecoin, Zcash, Theta, Hedera Hashgraph, Band Protocol, Polygon, XRP, and Dogecoin.

In addition, Google said that it was also exploring future opportunities to enable Google Cloud customers to make and receive payments using cryptocurrencies as it builds out its team.

The news comes as the BigTech continues to expand the services it offers; it was recently reported that Google hired former PayPal executive Arnold Goldberg to help oversee its move into financial services.

“Blockchains and digital assets are changing the way the world stores and moves its information - as well as value,” said Yolande Piazza, vice president, financial services at Google Cloud. “As an infrastructure provider, Google Cloud views the evolution of blockchain technology and decentralized networks today as analogous to the rise of open source and the internet 10-15 years ago.”

“Just as open-source developments were integral to the early days of the internet, blockchain is yielding innovation and value creation for consumers and businesses.”

They added: “As the technology becomes more mainstream, companies will need scalable, secure infrastructure on which to grow their businesses and support their networks”.

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