- Google Cloud and Tezos Foundation have joined forces to develop Web3 technology and offer new services for Google Cloud customers.
- Through the partnership, businesses and developers will be able to take advantage of the scalability of Tezos and the resilience of Google Cloud to host and deploy RPC nodes for Web3 solutions development.
The validators of the Tezos blockchain network commonly referred to as “bakers”, will soon have the ability to establish nodes using Google Cloud.
The Tezos Foundation has joined Aptos and Solana in endorsing Google Cloud as a block-producing validator for its network, where validators play a critical role in handling transactions and creating new blocks on the blockchain via the proof-of-stake consensus mechanism.
Validators also participate in the governance process by voting on proposals related to modifications or updates to blockchain networks. However, at present, Google Cloud has not demonstrated any intention to engage in the politics of the Tezos network.
In addition to serving as a validator, Google Cloud will offer support to enterprise-level developers creating apps in the Tezos ecosystem. The goal is to attract more developers to the Web3 space, according to Edwards.
The move is part of a strategy that has been successful in bringing institutions into the ecosystem, led by Nomadic Labs, by assisting them in setting up block-producing validators called bakers.
Last year, Google Cloud formed partnerships with other networks like Solana and Aptos to become a validator, and it worked with Coinbase to allow customers to pay using Bitcoin(BTC) and Ethereum (ETH). Additionally, Google Cloud partnered with Binance’s BNB Chain.
James Tromans, engineering director of Web3 at Google Cloud, stated that the company views its role in Web3 in the same way as it did in the open-source community at the beginning of Web 2.
According to James Tromans, engineering director of Web3 at Google Cloud, the company views the evolution of blockchain technology and decentralized networks as similar to the rise of open-source technologies that led to the internet 10-15 years ago.
He stated that blockchain is creating innovation and value for consumers and businesses in Web3, just like open-source developments did in the early days of the internet.
Google Cloud Broadens #Web3 Slate By Joining #Tezos ‘Bakers’ 👀
The @TezosFoundation has followed the lead of @Aptos_Network and @solana in supporting @googlecloud as a block-producing validator on its network.
📰 @decryptmedia pic.twitter.com/MPF0zbV8mh
— NFT Show Europe (@nftshoweurope) February 23, 2023
However, despite the partnerships launched in the Web3 space, Google’s Q4 2022 report filed with the Securities and Exchange Commission earlier this month did not mention any of these collaborations.
Although Google Cloud has been relatively quiet about its work in the Web3 space, other parts of the business have expressed excitement. Neal Mohan, the newly appointed CEO of Google-owned YouTube, believes that NFTs could be used to establish stronger connections between creators and their fans, ultimately making YouTube a more engaging platform.