Google Cloud Announces Digital Assets Team

Google Cloud announced a new dedicated Digital Assets team within Google Cloud to create, transact, store value, and deploy products on blockchain-based platforms. The new team will build on Google’s existing work with blockchain developers, exchanges, and other businesses in this space.

Currently, blockchain and distributed ledger-based businesses like Hedera, Theta Labs, and Dapper Labs are powered by Google Cloud for scalability, flexibility, and security. Going forward, the Google Cloud Digital Assets team will undertake both short-term and long-term initiatives to support businesses in the digital asset/blockchain ecosystem. Steps include providing dedicated node hosting/remote procedure call (RPC) nodes for developers, allowing users to deploy blockchain validators on Google Cloud with a single click, and participate in the node validation and on-chain governance with selected partners.

The digital assets team will also support on-chain governance through the participation of senior Google Cloud executives and engineers, host several public BigQuery datasets on Marketplace, such as the full blockchain transaction history for Bitcoin, EthereumBitcoin Cash, Dash, Litecoin, Zcash, Theta, Hedera Hashgraph, Band Protocol, Polygon, XRP and Dogecoin.

Companies will also receive support to drive co-development and integration into Google’s robust partner ecosystem, including participating in Google Cloud Marketplace. The Digital Assets team will also help adopt joint go-to-market initiatives with ecosystem partners where Google Cloud can be the connective tissue between traditional enterprise and blockchain technologies.

Google Cloud is also exploring opportunities for customers to make and receive payments using cryptocurrencies.

According to Google, blockchains and digital assets are changing the way the world stores and moves information. As technology becomes more widespread, enterprises will need a scalable and secure infrastructure to grow their business and support their networks.

Principles of work

Consistency with Google Cloud core business: Pursue blockchain projects and partnerships that match their mission and our expertise.

User trust and governance: Maintain their commitment to users by emphasizing user privacy and trust, as well as an uncompromising focus on compliance with applicable laws.

Network independent: Google’s infrastructure will seek to preserve the optionality of networks for the benefit of users.

Sylvia B. Polson