Google Cloud would continue to expand its Web3 team, which is focused on providing enterprise blockchain services. Google’s tools operate in different computing environments than Amazon Web Services.
Google Cloud Web3 team growing due to popular demand
According to CNBC, Vice President Amit Zavery confirmed that Google Cloud’s internal Web3 division, newly created in January, is growing rapidly. The department focuses on business services and supports them in blockchain projects.
The goal is a complete system that other companies can use to make blockchain data more accessible to people. And at the same time, it is able to simplify the process of building and operating nodes for validating and recording transactions.
Already in January of this year, the company announced that the Google Cloud Web3 team was developing services for business customers who wanted to use blockchain technology. The Google Cloud Web3 team is now looking for additional staff as it is growing rapidly.
Google does not want to store cryptocurrencies
The cloud platform aims to become the first choice for developers who want to develop applications for Web3.
Zavery says Web3 is a market with huge potential and customers want more support.
Topics are primarily Web3 and cryptocurrencies, with Zavery making it clear in a statement to CNBC that he doesn’t want to be a crypto custodian.
Rather, it is about giving businesses access to blockchain technology.
While the world is still in the early stages of Web3, this is a market that is already showing huge potential, as many customers are asking us to increase our support for Web3 and crypto-related technologies. .
Google Cloud Services removed
The division provides businesses with blockchain as a service, allowing users to browse data or run nodes on the blockchain.
Other providers like Alibaba or Amazon already offer these services to their customers. Google Cloud Web3 should catch up with them and secure significant market share in cloud infrastructure.
Ruth Porat, Alphabet’s chief financial officer, said last week that the fastest growing workforce was in the cloud division.
So far, Google is lagging behind, but the company is growing faster than its core advertising business. The company now wants to increasingly offer companies the technologies that allow them to use Web3 in their current activities and processes.
What does Google Cloud Web3 offer?
Better management of blockchain nodes and software to search blockchain data in third-party applications are the main benefits that Google Cloud Web3 customers enjoy.
Generally speaking, to build their own Web3 software, developers need to log in through the backend and drive their development from there.
There were announcements in January for a digital asset team to explore ways for clients to make crypto payments. There have been collaborations with EOS, Ontology, Chainlink, Theta, Hedera, and Dapper Labs’ Flow Blockchain, among others.
Typically, Google Cloud serves as a node operator, participates in blockchain governance, or provides means to manage data.
Since 2018, however, Google Cloud has also independently managed cryptographic transaction data records for blockchains such as Bitcoin or Ethereum. Here you will find the link to buy Bitcoin.
In May 2021, Google Cloud added support for Polygon (MATIC) datasets to its BigQuerey service.
What is Web3?
The Web3 describes a vision in which a series of decentralized, peer-to-peer systems will form the next generation of the Internet.
The philosophy criticizes the current state in which large corporations and meta-platforms control the internet.