If there’s one thing about tech companies that differentiates them from all other enterprises around the world, it’s that they don’t shy to join hands with companies much smaller than them. And that’s the reason why they innovate much faster than other companies, why they stay relevant with changing times and why their lead remains difficult to be undermined. Google is also a big tech company, and this applies to them as well. Ever since blockchain started emerging as a major force they’ve taken a number of steps to ensure that they don’t miss the bus, and the latest in that series of efforts is to partner with others. The company just announced a partnership with blockchain startup Cypherium Enterprise, which will allow Google Cloud to offer blockchain-related solutions to its customers.
Cypherium is an enterprise-focused blockchain platform that focuses on providing scalable and decentralized blockchain solutions to companies across various sectors. It utilizes a hybrid blockchain protocol featuring joint Proof-of-Work (PoW) and HotStuff consensus mechanism to achieve the capability of processing thousands of transactions per second. In case you don’t know about HotStuff consensus, you should know it now because it has also been adopted by Facebook for its Libra project.
Here’s what Cypherium Co-Founder and CEO Sky Guo told media about this partnership:
“We’re delighted to be collaborating with Google Cloud to provide enterprises with a full-stack solution to harness the potential of this paradigm-shifting technology. The growing demand in the market for DLT solutions in the financial industry and beyond drives our commitment to this collaboration. Cloud customers can rest assured that the blockchain solutions they implement using Cypherium Enterprise are clad in robust security, and capable of delivering rapid transaction speeds for its smart contracts and achieving high-speed data processing from its Java virtual machine.”
In addition to this partnership, Google has also joined hands already with Chainlink to allow Ethereum app developers to integrate data from external sources into their dApps by using Google software. In May blockchain startup Qtum had also announced that it will be working with Google to increase the ease of launching new native products for their users.
Google’s actions in blockchain space are not limited to partnerships alone. The company is reportedly also working on a secret project that can make blockchains searchable. It has also invested in a cryptocurrency startup, and last year it also added Ethereum to its BigQuery platform. It had also announced a blockchain toolkit for DLT app developers last year. In short, they’re all in when it comes to blockchain. Now it will be interesting to see which other next step they take to cement their presence in this field.