Blockchain is at a critical turning point as it evolves from a new technology into a useful business tool that companies want to integrate into their existing IT clusters. As more companies continue to explore how blockchain can help with digital transformation, major cloud service providers are showing increased interest.

For example, Google Cloud recently became a blockchain maker for networks by joining the EOS blockchain community. Blockchain manufacturers on EOS are chosen by token holders to add transactions to the blocks, add blocks to the blockchain, and make changes to software.

While Google Cloud has yet to be selected as one of the 21 active manufacturers of the EOS blockchain, Allen Day, a Google Cloud spokesperson, told Cointelegraph that Google has a keen interest in open source protocols and distributed ledger technology, or DLT:

“We are seeing strong participation in these networks and believe that Google Cloud can reduce the burden on companies to launch their own Google Cloud hosted nodes in the network. We also provide the cloud infrastructure for Block.one, and help them develop them themselves.”
Earlier this year, Google Cloud also joined the Hedera Hashgraph Board, which allowed Google Cloud to manage the Hedera Network’s node. Day said Hedera’s ledger data is now available for analysis along with other publicly available data sets for Google Cloud Platform. Google Cloud is also launching Theta Network validation node, which is a decentralized video platform.

In addition to DLT support from Google Cloud, Amazon Web Services is listed as a cloud provider for China’s blockchain-based service network, which is a government-sponsored initiative to help small and medium-sized businesses build and deploy blockchain applications. In particular, Microsoft announced the integration of the Lition blockchain into the Azure Cloud Marketplace.

DLT and the cloud are driving digital transformation
Day said that DLT, like the blockchain, drives digital transformation. As such, Google wants to raise awareness about how companies benefit from active participation in blockchain networks. In particular, Google Cloud is enhancing its security measures by participating in blockchain networks. Day explained that Google Cloud will use advanced security measures over EOS and provide security with progressive layers for in-depth defense:

“We assume there is no trust between services and we use several mechanisms to build and maintain trust. The data stored in the Google infrastructure is automatically encrypted during storage, and the online communication with our cloud services is encrypted. ”
Kevin Rose, senior vice president of public participation in the blockchain at Block.one, the company behind EOS, told Cointelegraph that Google’s participation in EOS will open new business models for both parties that will drive the digital economy.

Alistair Rennie, General Manager of IBM Blockchain, told Cointelegraph that blockchain and cloud work well together: “Blockchain gives the distrust that cloud technology alone cannot provide,” he said. “Cloud service providers are increasingly interested in blockchain as a way to provide more trust and seamless collaboration between different stakeholders.”

Will the Big Business Bring Blockchain Centralization?
As major cloud service providers join the blockchain revolution, members of society may question the impact this has on the decentralized ecosystem.

However, as the blockchain space continues to evolve, big players like Google, Amazon, and Microsoft seem really welcome. Konstantin Richter, founder and CEO of Blockdaemon, a multi-threaded network management tool, told Cointelegraph that EOS had previously faced a lack of diversity among blockchain manufacturers. However, Richter explained that the inclusion of Google Cloud in the EOS community should definitely help the ecosystem get more attention:

“It is important to ensure participation and a degree of decentralization in order to create a more efficient, fair and open financial system, because this is a strong demand for accountability and data integrity. We strive to allow decentralization at the infrastructure level, but nothing can replace a purely diverse group of contract owners. ”
Echoing Richter, Drew Saunders, founder and CEO of PAC Global, a decentralized storage platform, told Cointelegraph that trusted blockchain entry is important regardless of the individuals or companies involved.

Source: CoinTelegraph

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