Google Cloud has joined the Flare blockchain as a validator and infrastructure provider.
According to the announcement made on the X account, Google Cloud will cooperate with Flare Network.
Flare onboards @GoogleCloud as an infrastructure provider to validate the network and contribute to the Flare Time Series Oracle.
Enshrining decentralized data delivery in a dual role with network validation is what makes Flare the Blockchain For Data.https://t.co/bJF9yX7GrX pic.twitter.com/oGySMD4vVq
— Flare ☀️ (@FlareNetworks) January 15, 2024
Google Cloud is one of 100 organizations adopting this combined role, both securing the network as a validator and contributing to the Flare Time Series Oracle (FTSO), according to an announcement shared with CoinDesk on Monday.
Flare, which calls itself “the blockchain for data,” gives developers access to decentralized data via its Oracle system.
In blockchain parlance, Oracle refers to entities that connect networks to external systems, thereby allowing smart contracts to be executed based on inputs and outputs from the outside world.
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“Flare today announced the addition of Google Cloud as an infrastructure provider, contributing to both the network validator and the Flare Time Series Oracle (FTSO) on the Flare network.
As a network validator, Google Cloud will be responsible for proposing and validating new blocks to the Flare blockchain, thus supporting the chain’s proof-of-stake consensus mechanism.
Google Cloud will be one of 100 organizations at Flare adopting the new combined role of validator and contributor to FTSO.”
Flare (FLR) Price Reacted
The network’s native token, FLR has a market cap of nearly $550 million and is priced at around $0.018. The token jumped over 4% after the partnership news came out.
Flare’s infrastructure providers are the parties responsible for providing high-quality data, thus helping developers build use cases for blockchain technology and further its adoption.
There are few entities that offer access to such a volume of data as Google Cloud, making it a banner partnership for Flare and a reminder of the blockchain adoption ongoing at tech giants like Google.
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Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.