Home » Google Cloud gets into web3 act with managed blockchain node service • TechCrunch

Google Cloud gets into web3 act with managed blockchain node service • TechCrunch

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Five years ago, blockchain flowering in the enterprise, or so many companies have led us to believe. At the time, companies like SAP and IBM were trying to build out blockchain practices, and while the technology seemed great at solving a myriad of problems within the enterprise, it didn’t really succeed. There was no

Fast forward to 2022 and blockchain is coming in a new guise. name web3 as an umbrella term A lot of VC funding behind itSo it’s probably no surprise that cloud platform companies want to get in.

To that end, Google Cloud today announced the launch of Blockchain Node Engine, advertised as “fully managed node hosting for web3 development.”Earlier this year, the company announced it would be launching a new team Dedicated to digital assetsand this tool is part of the work of that team.

In a blog post announcing the new service from Amit Zavery, General Manager and Vice President of Engineering and Platforms, and James Tromans, Director of Cloud web3, the two stated that blockchain nodes always exchange the latest blockchain data. and always need to exchange the latest blockchain data. Nodes stay in sync. This is a data and resource intensive process.

Google Cloud wants to make it easier by providing a managed service that handles node creation while providing a secure development environment with a fully managed product. From Google’s perspective, it’s much easier to let Google do the heavy lifting while you focus on building your Web3 application.

In the pair’s own words, “Self-managed nodes are often difficult to deploy and require ongoing management, whereas Blockchain Node Engine is a fully managed node that minimizes the need for node operations. A node hosting service for web3 companies that require dedicated nodes to relay transactions, deploy smart contracts, and access blockchain with the reliability, performance, and security you’d expect from Google Cloud’s compute and network infrastructure. You can read and write data,” they wrote in the post.

This is fundamental and helps companies set up a node on a supported blockchain and manage it for their users, so they don’t have to worry about all the administrative overhead involved. First, the company supports the Ethereum blockchain, so developers deploying nodes on Ethereum can either do it themselves or pay Google to do much of the work. Other blockchains may be supported in the future.

While it may feel like pure cryptocurrency play, Tromans said the service is ultimately agnostic, allowing developers to build whatever they want. “We are building the underlying primitives so that developers can innovate faster. Blockchain Node Engine is therefore focused on [multiple] Developer use cases: developing smart contracts, reading and writing blockchains, etc. How different developers use our managed dedicated blockchain node engine infrastructure will depend on their individual use cases,” Tromans told TechCrunch.

This product is available in private preview starting today.

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