Google Cloud launches team to expand blockchain efforts

Last week, an announcement by Google Cloud’s vice president of financial services, Yolande Piazza, confirmed that the firm has set up a digital assets team to help clients navigate the waters of blockchain-based operations. The team was set up to assist clients with the creation, trading, and storing of value, as well as aiding them in launching new products across blockchain-based platforms. 

Google Cloud furthermore promised to give clients access to infrastructure that is scalable, secure, and sustainable. A blog post highlighting the company’s efforts to make blockchain a more accessible platform also pointed to several organizations that have already implemented Google Cloud, such as Hedera, Dapper Labs, and Theta Labs. 

Piazza’s announcement also expressed the desire to develop systems that let Google Cloud clients make and receive payments through various cryptocurrencies. 

This isn’t the first time Google has dipped its toes into the world of cryptocurrencies. Recently, Google developed Google Pay with the help of a PayPal veteran to facilitate smoother and faster financial transactions. Google also entered a partnership with Coinbase in June last year, enabling Coinbase customers to make payments for goods and services using Google Pay. 

Ultimately, Google Cloud infrastructure will ensure that developers can deliver software and data faster on the blockchain and thus give users faster access to applications. Piazza hopes that this new innovation will go a long way in helping users understand and be a part of tomorrow’s blockchain ecosystems.