Categories: Cryptocurrency News

Google to Offer Distributed Ledger Solutions in Cloud Platform Marketplace

On 23rd July, Google actively announced its contract with two New-York based startup Digital Assets that will help the tools to considerably make blockchain apps. This means that Google is all set to come in the list of giant tech to function with blockchain technology to offer users with financial and cloud service solutions.

Google made a statement that the company has contracted with two main firms of the blockchain namely “Digital Asset and BlockApps” in order to introduce new distributed ledger technology (DLT) solutions on Google’s Cloud Platform (GCP), this will probably allow the customers to avail and explore enhanced ways by using a distributed ledger technology framework.

BlockApps are used to launch decentralized apps (DApps) on Blockchain platform whereas Digital Assets allows distributed ledger software for the financial industry.

The CEO of Digital Asset, Blythe Masters said that the upcoming project will surely help to “reduce the technical issues faced by DLT application development.”

Google is willfully planning to contract with high reputed companies along with blockchain service, they are, Oracle Amazon Web Services (AWS) which successfully its DApps to blockchain platform in April 2018, Microsoft and IBM.

The ban of ads on Google related to cryptocurrency was already announced in March, moving forward to Facebook, a social media platform reversed its decision by allowing the ads to promote related to cryptocurrency.

Google co-founder Sergey Brin, talking at the Blockchain Summit in Morocco concluded that he is an Ethereum Miner. Further, he stated that mining Ethereum was “side hustle” whereas cryptocurrencies are “mind-boggling.”

Though it has not been clear that how the Digital Asset and Block Apps will work for the users and whether they will be granted all access to proprietary of software, but all these issues will be made clear in an upcoming week in Google Next ’18 event.

The company has also claimed that they will offer open source integrations for the built apps with Hyperledger Fabric and Ethereum, both blockchain based platforms by the end of this year in the Cloud Product Marketplace.

Well, let me make you aware that Google is having a keen interest in Blockchain for several years. The company was regarded as a second largest investor in Blockchain for the period of 2012-2017.

Featured Image from TechCrunch.

Share
Published by

Recent Posts

Tomarket App – A Guide to $TOMATO Airdrop, Farming and Web 3.0 Drop Event

Tomarket, Telegram's mini-app hits 20+ million all-time users and 8.8+ million daily active users. Tomarket…

2 months ago

Binance Lists Decentralized and Open L1 Blockchain Toncoin (TON) on its Platform

Cryptocurrency exchange Binance, today announces the listing of Toncoin on its platform. Toncoin is a…

3 months ago

iGaming Platform BC.GAME Signs $40 Million Deal to Become Principal Partner of Leicester City

The iGaming platform BC.GAME has signed a landmark $40 million deal to become the "Official…

4 months ago

Coinbase faces new lawsuit that claims SOL, MATIC, NEAR, MANA, ALGO, UNI, XTZ and XLM are securities

Coinbase crypto exchange and its CEO, Brian Armstrong, faces a new lawsuit that claims Solana,…

6 months ago

Service Beyond Gaming: The Support Experience at HugeWin

In the world of online gambling, the quality of customer service can make or break…

7 months ago

Bitcoin (BTC) Cycle: Aiming for $155,000 Peak by August 2025

Since its launch in 2009 Bitcoin has experienced several cycles characterized by bull and bear…

7 months ago

This website uses cookies.