- Google Cloud entered into a partnership with as many as 11 blockchain networks.
- They include Avalanche, Arbitrum, Cronos, Ethereum, Fantom, Near, Optimism, Polkadot, Polygon, Polygon, Tron
Google Cloud is getting more involved in the crypto industry. So, they want more users ranging from beginners to experts to gain more crypto knowledge. So, they are doing this by making data available to crypto enthusiasts.
Google Cloud Adds 11 Major Major Blockchains To Their Services
- Google Cloud is keen on improving its product. So, they are employing the services of some crypto blockchains to make this possible. Google Cloud’s BigQuery helps in solving complex problems and validating subjective claims. So, some of the things they offer with their services include quantifying NFTs minted across blockchain networks, comparing transaction costs, and counting active wallets on large EVM-based chains.
- To meet this problem-solving, they also have to enhance their data analysis capacity. So, they are doing this by bringing a good number of blockchains on board to help with these problems. Google Cloud BigQuery has public data sets that help better data analysis in web3 without node or indexer modification. Furthermore, another usage of the data sets from Google Cloud BigQuery improves the use of smart contract data and asset movement.
- They will integrate 11 new blockchains, and some of them include Avalanche, Cronos, NEAR, Optimism, Polkadot, and Polygon. So, Google Cloud is going for multiple blockchains because they provide blockchain data for comprehensive ecosystem research.
Why is Google Cloud Collaborating With 11 Blockchains?
- The reason behind Google Cloud’s partnership with several blockchains is very straightforward. So, they want to make the accessibility of blockchain data much simpler and easier to break down. By collaborating with many blockchain networks, they will have access to more data. For instance, collaborating with the Ethereum blockchain will provide access to wallet balances, ERC20, ERC721, and ERC1155 token transactions, and smart contract interactions.
- Another reason for the massive collaboration with multiple blockchain networks is that they want to improve data accuracy on the blockchain. So, providing an accurate number precision and crypto price is one of the major goals for Google Cloud. To achieve this aim, Google Cloud is introducing a function known as user-defined functions (UDFs). So, by integrating the UDFs, users can get blockchain data with better numerical precision, decreasing calculation rounding mistakes and boosting data analysis.
- Data accessibility will become rampant with this new collaboration that any user on the internet can easily plug in and access any data. In the past, users had to access data by connecting to appropriate nodes. So, Google wants to make access better by eliminating the need for node operations.
Conclusion
Google Cloud is quite clear about its goal to make data accessibility and access better. So, they are making massive partnerships with different blockchains to improve data access. Some of the blockchains in this partnership are Avalanche, Cronos, NEAR, Optimism, Polkadot, and Polygon.
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The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from cryptonewsbytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
