Google May Be Entering Into The Blockchain Space
Google, arguably the most important company in all of technology, has largely held the crypto movement at arms length. That changes today.
Theta Labs, a venture-backed blockchain company, has struck up a new partnership with Google Cloud, the rapidly-growing Alphabet subsidiary. Google Cloud will offer a new service allowing users to deploy and run nodes of Theta’s blockchain network. Perhaps more importantly, Google Cloud itself will operate a validator for Theta’s network — servicing all of Europe.
It’s a baby step for Google, but make no mistake about it: the company is now engaging in blockchain. “This is one of our first validators, but we have many crypto customers,” says Allen Day, Developer Advocate for Google. “We had already made Bitcoin, Ethereum and six other cryptocurrencies’ data available through our public dataset program. This is the next step.”
A validator is a foundation of a blockchain network, deciding if a transaction is legit and vouching for that transaction. Without it a decentralized network doesn’t work.
This is a game-changer for Theta Labs. The San Jose, California-based company hopes to relieve overburdened networks everywhere, applying blockchain technology to online video distribution.
https://www.google.com/amp/s/www.forbes.com/sites/coryjohnson/2020/05/27/google-goes-blockchain/amp/








