Blockchain General News Technology

Google announces a partnership with a blockchain firm

Google announces a partnership with a blockchain firm

Google, on Thursday, announced in a blog post that Ethereum app builders who make use of Google software will now be able to integrate data from sources outside the blockchain through a partnership with Chainlink. Chainlink is a company that provides on-ramps and off-ramps for information essential to run self-executing codes named small contracts. Integrating with Chainlink offers a service called an Oracle to integrate data like price information, from traditional finance to on-chain smart contracts adding another layer to these capabilities and allowing direct implementation of the processes on Blockchain.

A senior developer advocate for Google Cloud, Allen Day demonstrated in the post that a smart contract application for a cryptocurrency like Ethereum can make use of the integration between Chainlink and BigQuery so that speculative bets in predictive marketplaces can be settled and can increase transaction privacy. In September 2017, in an initial coin offering, Chainlink raised $32 million. Its facilitation of smart contracts will help in enabling more creative payment plans.

Evgeny Medvedev, day and lead developer began introducing Blockchain technology to Google just last year, that was when they added data from Bitcoin and Ethereum blockchains into BigQuery. To follow up they made data sets for Bitcoin cash, Ethereum classic, Litecoin, Dash, Dogecoin this year. Google is lagging behind its competitors Amazon and Microsoft, both were also on the list in cloud computing revenue however the smart contract integration is a powerful move in the company’s race to maximize blockchain’s potential.