Google Launches Blockchain Node Engine, Says ‘Ethereum Will Be the First Blockchain Supported’
Alphabet Inc. (Nasdaq GOOGL) announced Thursday the launch of its Google Cloud Blockchain Node Engine. Google released the engine because it believes that self-managed nodes can be difficult to deploy and need constant management.
The Blockchain Node Engine product can be used by both crypto companies and Web3 service providers. It is a fully managed node-hosting platform that can be used to leverage the blockchain. On Thursday, the company explained that the new node-engine service will be available to support Ethereum, the second largest crypto asset network according to market capital.
The tech company stated that Ethereum will be the first blockchain to be supported by Blockchain Engine. This allows developers to create fully managed Ethereum nodes with secure blockchain access.
This news comes after Google’s recent collaboration with Coinbase to promote Web3 innovation. The latest blockchain engine product allows Web3 companies to relay transactions, deploy smart contract, and read and write blockchain data with the reliability and performance they expect from Google Cloud compute.
A Blockdata study also shows that Google is a top investor in blockchain technology, having invested in companies like Fireblocks and Digital Currency Group (DCG), Dapper Labs and Vultage. The tech giant’s entry in the world of decentralized financial (defi), and Web3 was announced last May, when it created a Web3 team within their cloud unit.
A spokesperson for Google stated that they were providing technologies to companies in order to take advantage of Web3’s distributed nature in their businesses and enterprises. According to the latest announcement, the service will offer’streamlined provisioning’,’secure development’ and ‘fully-managed operations’.
Google’s blog concludes that Blockchain Node Engine reduces the need for dedicated Devops teams and offers Google Cloud’s service-level agreement (SLA) so your team can focus on your users, not your infrastructure. We are excited to support organizations with a reliable and easy-to-use cloud node hosting service that allows them to focus on developing and scaling Web3 applications.