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Google Cloud expands blockchain initiatives by forming a digital assets team

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According to a blog post, the New Google Cloud team intends to expedite users' efforts in the developing blockchain and crypto sectors.

Blockchain, crypto, and decentralized tech are all intriguing concepts that have been gaining pace for nearly a decade. Everyone now aspires to be a part of cutting-edge evolutions.

Yolande Piazza, Google Cloud's VP Financial Services, announced on Thursday that the company has formed a Google Cloud digital assets team to support clients in generating, trading, retaining value, and introducing new products on blockchain-based platforms. As per the blog:

“This new team will enable our customers to accelerate their efforts in this emerging space and help underpin the blockchain ecosystems of tomorrow.”

The blog cites blockchain and distributed-ledger-based solutions such as Hedera, Theta Labs, and Dapper Labs as companies that have already incorporated Google Cloud, and it adds that the Digital Assets Team will execute a variety of operations in the short and long term.

The team's efforts will include devoted node hosting/remote procedure call (RPC) nodes for developers, node validation and on-chain governance with several partners, and supporting users and developers in hosting their nodes on the "cleanest cloud in the industry."

The release also states that as the new team grows, it will look into ways to enable Google Cloud users to send and receive payments in cryptocurrencies.

This is not Google's first move into the crypto industry. Google Cloud's parent company, Google, recently involved a PayPal expert to help with the advancement of Google Pay as it looks to the future and seeks crypto.

In June, Google partnered with Coinbase to allow Coinbase users to pay for products and services using Google Pay. Google and Bakkt partnered in October to allow exchange users to spend their cryptocurrency using Google Pay.



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