advertisement

Google Finally Ventures into Blockchain Space, Partners With Blockchain Startups

Google | Google in Blockchain | Blockchain updates | Digital Asset | BlockApps

partnering with two blockchain startups, Digital Asset and BlockApp, to bring Distributed Ledger Technology (DLT) solutions to its Google Cloud Platform (GCP).

Google wrote in a blog post that its Cloud customers can “now explore ways they might use distributed ledger technology (DLT) frameworks” by using Digital Asset and BlockApps.

It’s not clear exactly how that will work for customers and whether they will be getting access to proprietary software, but more details will be unveiled this week during the Google Next ‘18 event. The company added that it would introduce open-source integrations for apps built with the blockchain-based platforms Hyperledger Fabric and Ethereum later this year in the Google Cloud Product marketplace.

The launch partner Digital Asset, will design tools to build blockchain-based apps and will also develop open-source integration solutions for the Hyperledger Fabric and Ethereum later this year in Google’s GCP Marketplace.

 The Chief Executive Officer of Digital Asset, Blythe Masters, said in a statement that the partnership will make it easier for prospective technology developers to understand the system. He explained,
“We’re partnering with Google Cloud to provide developers with a full stack solution so they can unleash the potential for web-paced innovation in blockchain. This will reduce the technical barriers to DLT application development by delivering our advanced distributed ledger platform and modeling language to Google Cloud” 

Leonard Law, Head of Financial Services Platform at Google Cloud, seems equally happy with this partnership:

“We are delighted to innovate with Digital Asset in the distributed ledger space. DLT has great potential to benefit customers not just in the financial services industry, but across many industries, and we’re excited to bring these developer tools to Google Cloud.”

The company also announced in June that it had invested US$550 million into JD.com as part of a strategic partnership with an aim of exploring the “creation of next generation retail infrastructure solutions.”

Of course, the list of Google’s blockchain intentions doesn’t stop there. In fact, Google has invested more than US$1.2 billion in the blockchain industry since 2012, making it one of the biggest supporters of blockchain over the last six years.

KryptoMoney.com publishes latest news and updates about Bitcoin, Blockchain Technology ,Cryptocurrencies and upcoming ICO’s.

Get Latest Cryptocurrency And Bitcoin News

Signup this form below to get latest Cryptocurrency and Bitcoin news, directly in your mailbox

Note:

Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.