Google launches blockchain partnerships on cloud platform
Google launched itself into the blockchain marketplace on Monday night by announcing plans to offer customers distributed ledger technology on its cloud computing platform.
The company said in a statement it was partnering with two blockchain specialists Digital Asset and BlockApps to build a distributed ledger network as part of its expanding cloud computing offering.
Google Cloud Platform
Google said in post on its blog: “Customers can now explore ways they might use distributed ledger technology frameworks on Google Cloud Platform (GCP).”
It added that “open-source integrations for Hyperledger Fabric and Ethereum” would be available later this year in its GCP Marketplace.
Google’s blockchain offering adds to a growing number of distributed ledger projects being launched by global technology giants.
Tech leaders on blockchain
IBM has been among the most active in the space, forming several partnerships with blockchain specialists: Stellar is among these, working with IBM on a new payments system, and hosting a new dollar-backed stable coin called Stronghold on its network.
Microsoft launched in June its cloud-based blockchain offering Azure in partnership with specialist High Cloud and tech investment company China Binary Sale Technology, while in April Amazon launched its blockchain templates for Ethereum and Hyperledger Fabric.
Blyth Masters, chief executive of Digital Asset, said: “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.”
BlockApps CEO Kieren James-Lubin added: “Google’s entrance into the blockchain space is a landmark event for the growing blockchain ecosystem [and] BlockApps is delighted to integrate our platform with GCP and support GCP customers, both existing and new, on their journey to build blockchain technology solutions.”
Leonard Law, head of financial services platform at Google Cloud, concluded: “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.”