Google, following Amazon and Microsoft, is exploring the blockchain space. Distributed ledger technology provider Digital Asset has announced a partnership with Google to bring “tools for blockchain platforms and developers” to the Google Cloud Platform.
Digital Asset has created a development kit that provides cloud clients with the tools to create smart contracts and test and deploy decentralized applications.
“We are excited to innovate with Digital Asset in the distributed ledger space (DLT), said Leonard Lowe, head of financial services at Google Cloud Platform. “DLT has enormous potential for customers not only in financial services, but in many other industries, and we are excited to introduce these developer tools on Google Cloud.”
Google is still new to providing cloud services to companies, lagging behind market leaders Amazon and Microsoft. Given this, it is not surprising that the Alphabet subsidiary is looking to leverage innovation in the DLT industry.
Microsoft already offers a set of tools for developers in its Azure cloud service. Similarly, Amazon provides blockchain infrastructure solutions through Amazon Web Services.
It will be interesting to see how Google will contribute to this mix.
It is worth noting that while the collaboration is presented as an attempt to contribute to distributed ledger technology, the project does not offer a completely decentralized product. But that's not necessarily a bad thing.
Using a more centralized approach should give Google more opportunities to take advantage of the benefits of blockchain technology - such as security and transparency - without having to sacrifice speed and scalability. This should also make it much easier for Cloud Platform users to create and deploy blockchain applications.
According to thenextweb.com
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