Google Cloud joins Flare blockchain as validator and infrastructure provider

In a significant development for the blockchain industry, Google Cloud, a division of tech giant Google, has officially partnered with Flare, a blockchain network focused on providing decentralized data. This collaboration marks Google Cloud as both a validator and an infrastructure provider on the Flare network

Strengthening Flare’s Oracle and smart contract capabilities

Flare, known as the “blockchain for data,” is integrating Google Cloud to enhance its Oracle system, which plays a crucial role in connecting blockchain networks with external data sources. This integration allows the execution of smart contracts based on real-world data inputs and outputs. As part of the partnership, Google Cloud joins an elite group of 100 organizations in a dual role, contributing both to network security as a validator and to the Flare Time Series Oracle (FTSO). This oracle system is essential in providing high-quality data, which is pivotal for developing practical blockchain applications and fostering broader adoption of the technology.

With Google Cloud’s vast data access capabilities, its involvement with Flare is a landmark alliance for the blockchain community, signifying the ongoing adoption of blockchain technology by major tech companies.

Market impact and future prospects

Following the announcement, Flare’s native token, FLR, experienced a notable increase in value, reflecting the market’s positive reception of the partnership. Flare’s mission is to provide decentralized applications on its network and other chains with access to a range of decentralized data, including price and time series data, blockchain event and state data, and Web2 API data.

By leveraging Google Cloud’s extensive data resources and infrastructure, Flare aims to offer developers and users low-cost, scalable, and low-latency access to a broad spectrum of data. This is achieved through the network’s validators, who supply decentralized data to applications as part of an integrated oracle system.

Hugo Philion, Co-Founder and CEO of Flare, expressed his enthusiasm about Google Cloud’s addition to the network, highlighting the alignment with Flare’s vision of placing decentralized data at the core of a robust decentralized smart contract platform. James Tromans, Head of Web3 at Google Cloud, echoed this sentiment, emphasizing the importance of data access at scale for the expansion of relevant blockchain use cases and global technology adoption.

Moreover, Flare’s inclusion in the Google for Startups Cloud Program is set to provide Flare developers with financial and technical support from Google Cloud and its partners, further accelerating the growth of Web3 startups and expanding Flare’s capabilities.

In conclusion, this partnership between Google Cloud and Flare represents a significant step forward in the integration of traditional tech giants with the evolving blockchain ecosystem. It not only strengthens Flare’s infrastructure and smart contract capabilities but also signals the increasing interest of major technology companies in the potential and utility of blockchain technology.

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