The division will primarily service commercial customers interested in utilizing blockchain technology.
- According to reports, Google Cloud is forming a Web3 team to focus on offering blockchain services to businesses.
- Amit Zavery, VP of Google Cloud, confirmed the division’s ambitions to CNBC, which broke the story today.
- The division previously released information in January, and in recent years, it has cooperated with blockchain initiatives.
Google Cloud is forming a team to create blockchain-related services for commercial clients.
The Cloud Blockchain Team is Expansion
The blockchain team at Google Cloud is looking to expand.
In an email, Google Cloud VP Amit Zavery stated that the company’s cloud infrastructure intends to become the primary choice for Web3 developers. Web3 is a market that is already displaying significant promise, adding that consumers are seeking more Web3 and cryptocurrency support.
In a statement to CNBC, Zavery stated that the division is “not explicitly attempting to be part of [the] cryptocurrency tsunami.” Instead, it makes blockchain technology available to businesses. In other words, the division will provide corporate users with blockchain-as-a-service, allowing them to traverse blockchain data and administer blockchain nodes.
The services will be comparable to those provided by huge IT giants like Alibaba, Amazon, and Microsoft, which discontinued its Azure blockchain services last year.
According to CNBC, the blockchain unit will be led by former Citigroup executive James Tromans, who joined Google in 2019 and will report to Zavery.
Previous Efforts by Google Cloud
In January, Google Cloud announced plans for a Digital Assets Team and stated many of the same objectives. Google claimed that it was looking into methods for users to make crypto payments and use its many other corporate services. EOS, Ontology, Chainlink, Theta Network, Hedera Hashgraph, and Dapper Labs’ Flow blockchain are among the projects it has partnered with.
Google Cloud often acts as a node operator, participates in blockchain governance, or offers data management services. In addition to such collaborations, Google Cloud started managing crypto datasets for blockchains like Bitcoin, Ethereum, and others on its own in 2018.
In May 2021, Google Cloud announced that their BigQuery service now supports Polygon (MATIC) datasets.