Google’s Blockchain Partners
Google recently announced a partnership with Digital Asset Holdings, LLC – A New York-based startup that focuses on distributed ledger technology (DLT) in the finance industry. Digital Asset has been funded by many major companies such as Goldman Sachs, JPMorgan, Chase & Co, Citi, and IBM. The company is also partnered with major companies such as IBM and PwC.
Prior to the partnership with Digital Asset, Google also secured a partnership with another startup venture, BlockApps. BlockApps is a Blockchain as a Service (BaaS) company that focuses on the development of blockchain related technologies, smart contracts, and decentralized applications (Dapps).
What to Expect
Google stated, in a blog 2 weeks ago, that they would be giving cloud users the opportunity to tap into these new partnerships and explore possible solutions by using blockchain (DLT) technology on Google Cloud Platform. Google also stated that they would have open-source integrations with both Hyperledger Fabric, a leading private blockchain, and the Ethereum network.
This news was released around the same time as several reports comparing the major players in cloud infrastructure.
One such report came from Canalys and the results can be found below:
Google Cloud is growing at an incredible rate, but still has a long way to go in order to catch up to Microsoft Azure and Amazon Web Services. Google’s recent partnerships and confirmation of further investigation into the uses of blockchain technology appears to be a clear statement that they are looking for innovative ways to gain an advantage in the cloud infrastructure landscape.
Google and its partners are not the only large tech players with their eyes on Blockchain-as-a-Service. Other major companies that have announced that they are looking into this model of business include Microsoft, IBM, AWS, HPE, SAP, and several major finance giants like Barclays and JPMorgan.
As the development of blockchain technology continues, it should be expected to hear more news about major companies, like Google, actively working to innovate with blockchain.