Google’s cloud computing business has announced the formation of a new section dedicated to developing tools for Web3 developers.
This assistance for blockchain developers and blockchain-based applications follows a surge in interest in the cryptocurrency realm. It coincides with increased activity in the space and the deployment of Web3 tools in traditional industries.
Companies like Amazon and Microsoft dominate the cloud data storage market. This new team will allegedly take advantage of opportunities in the growing community of blockchain-based apps.
Web3 technology attempts to improve efficiency by combining decentralisation, artificial intelligence, blockchain, and machine learning.
In an email, Amit Zavery, Vice-President of Google Cloud, claimed that the world is still early in adopting Web 3.0. It is, nevertheless, a market that has already shown immense promise. Many customers have requested that they expand their support for Web3 and crypto-related technologies.
Going Ahead of its Public Cloud Rivals
The world’s most popular search engine has opted to compete with Amazon’s AWS and Microsoft Azure in the public cloud. It hopes to make Google Cloud the most popular platform for blockchain developers by putting the Web3 unit to the forefront.
Google Cloud is a collection of cloud computing services offered by the search engine. It hosts all Google-related initiatives. Google’s move to enter the field demonstrates the company’s commitment to strengthening growth in the growing Web3 tech space.
This comes after Google established a digital asset team earlier this year. This is due to the growing popularity of non-fungible tokens (NFTs).
The team will be responsible for properly maintaining Blockchain nodes. It also consists specialized team members who will help construct blockchain-related services and apps.
It will also feature software that will allow third-party applications to explore blockchain data.
Embracing the Web3 Technology
Sundar Pichai, Google’s CEO, has reportedly described the blockchain business as interesting and powerful. Google is said to have been planning to enter the market for some time in order to support the technology.
Google Cloud was ready with a plan in place in January of this year. The Digital Assets Team would then collaborate with clients to expand the scope of NFTs.
Blockchain applications, according to Google, will continue to find their way into traditional financial services and industry. According to Zavery, Web3 has the potential to break into the mainstream.
However, he noted in the email that Google has positioned itself as a technology provider for blockchain-based applications or companies in general. The search engine is not a direct player in the cryptocurrency market.
Other major digital companies, including Facebook (Meta), Microsoft, Alibaba, and Amazon, are allegedly pursuing Web3 blockchain programs.