Google has launched a Google Cloud digital assets team that will “support our customers’ needs in building, transacting, storing value, and deploying new products on blockchain-based platforms,” according to a Thursday (Jan. 27) blog post by Yolande Piazza, VP, Financial Services, Google Cloud.
“Blockchain technology is yielding tremendous innovation and value creation for consumers and businesses around the world,” she wrote, saying as the technology becomes more mainstream, firms will require infrastructure that is scalable, secure and sustainable.
“This new team will enable our customers to accelerate their efforts in this emerging space and help underpin the blockchain ecosystems of tomorrow,” wrote Piazza.
Hedera, Theta Labs and Dapper Labs are among the blockchain companies using Google Cloud for scalability, flexibility and security, per the post. The Google Cloud digital assets team will work on short- and long-term projects to support companies in the digital assets/blockchain ecosystem, wrote Piazza.
Those efforts include dedicated node hosting/remote procedure call (RPC) nodes for developers; node validation and on-chain governance with some partners; helping developers and users host their nodes on the “cleanest cloud in the industry;” supporting on-chain governance through participation from Google Cloud executives and senior engineers; hosting public BigQuery datasets on Google Marketplace; driving co-development and integration into Google’s partner ecosystem; and embracing joint go-to-market initiatives with ecosystem partners with Google Cloud as the backbone.
The Google Cloud digital assets team is also looking into allowing customers to make and receive payments using cryptocurrencies.
In September, Wells Fargo debuted a new digital infrastructure strategy that uses a multicloud method powered by Google Cloud and Microsoft Azure with third-party data centers.
Google Cloud provides Wells Fargo with advanced workloads and complex artificial intelligence (AI) and data solutions, allowing the company to access more speed.