Now that Google Cloud has rolled out the Cloud Blockchain Node Engine, Ethereum applications will have a new way to get started on their journey. This system is managed by Google and is for the saving operations needed for blockchain tests.
A blockchain is a decentralized ledger that stores transactions, and makes them more transparent. Google will initially support only Ethereum nodes at launch. Google’s statement demonstrates how they’re more interested in emerging technology initiatives like blockchain, crypto, and Web3. In their statement, Google stated: “Blockchain is changing how information is stored and transferred around the world.”
Google announces Ethereum and Web3 applications that will be built on their new cloud-based blockchain node engine.
September saw Google Cloud and BNB Chain announce a collaboration in order to foster the growth of early Web3 firms. Earlier this month, Google partnered with cryptocurrency exchange Coinbase to accept cryptocurrency payments for its cloud services.
Google’s $300 million investment in a blockchain-powered AI project is just one example of how the world’s largest internet companies are increasing their interest in cryptocurrency.