Google, unveiled its brand-new Google Cloud Blockchain Node Engine on Thursday. Google released the engine because, in its opinion, “self-managed nodes are frequently challenging to implement and demand continual supervision.”
Ethereum will be the first blockchain supported by Blockchain Node Engine, according to Google, even though more blockchains will be supported.
Crypto firms and Web3 service providers can use the Blockchain Node Engine offering, which is a “fully managed node-hosting service.”
The newly established node engine service, which the company also described on Thursday, would support Ethereum, the second-largest crypto asset network by market cap.
According to the tech company’s current blog post, “Ethereum will be the first blockchain-enabled by Blockchain Node Engine, allowing developers to offer fully managed Ethereum nodes with safe blockchain access.”
The announcement comes after Google recently partnered with Coinbase to promote Web3 innovation.
“Web3 organizations that need dedicated nodes can communicate transactions, implement smart contracts, and read or write blockchain data with the trustworthiness, achievement, and security they anticipate from Google Cloud compute and network infrastructure,” according to a statement about the newest blockchain engine product.
Additionally, a Blockdata analysis reveals that Google is among the top investors in blockchain technology, having made investments in companies including Fireblocks, Digital Currency Group (DCG), Dapper Labs, and Vultage.
When the technology giant established a Web3 team within its cloud company last May, it signaled its entry into the decentralized finance (DeFi) and Web3 industries.
During that time, a Google representative stated that the company is offering solutions for companies to exploit and benefit from the distributed nature of Web3 in their existing businesses and enterprises.
According to the most recent announcement of a node engine offering, the service seeks to offer “streamlined provisioning,” “secure development,” and “completely managed operations.”
In addition to providing Google Cloud’s service level agreement (SLA), Blockchain Node Engine can free up your team to concentrate on your consumers rather than your infrastructure, according to Google’s blog post.
We are excited to provide businesses with a dependable, user-friendly blockchain node hosting service so they can concentrate on developing and growing their Web3 applications.
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