Google is going blockchain with the tech giant entering into a collaboration to bring blockchain technology services to their Google Cloud.
“DLT has great potential to benefit customers not just in the financial services industry, but across many industries, and we’re excited to bring these developer tools to Google Cloud,” Leonard Law, Head of Financial Services Platform at Google Cloud, says.
They have partnered with Blythe Masters’ Digital Assets, a blockchain company founded in 2014 that “combines a permissioned Distributed Ledger with a powerful financial modeling language.”
Their blockchain set-up seems to be closed source and proprietary for now, with the start-up stating the the Digital Asset Modeling Language (DAML) “is a powerful, intuitive smart contract language designed specifically for use in Distributed Ledger Technology (DLT).”
Digital Assets will now offer DAML Platform-as-a-Service (PaaS) on Google Cloud Platform, with Google itself stating they are also working with BlockApps and you can “try open-source integrations for Hyperledger Fabric and Ethereum later this year.”
“We’re partnering with Google Cloud to provide developers with a full stack solution so they can unleash the potential for web-paced innovation in blockchain,” said Blythe Masters, CEO of Digital Asset before adding:
“This will reduce the technical barriers to DLT application development by delivering our advanced distributed ledger platform and modelling language to Google Cloud.”
Blythe Masters made headlines between 2014-16 for being the first credible person from Wall Street to adopt and promote blockchain technology.
She played a great part in raising awareness in the underlying technology behind bitcoin and ethereum, initiating in part the blockchain, blockchain, blockchain of 2017.
While Google’s founder, Sergey Brin, recently revealed he had mined ethereum, calling zero-knowledge proofs “mindboggling.”
Google’s entrance into this space, therefore, was expected, but Baidu, which some call China’s Google, has gone much further and is even launching a token despite crypto-exchanges and ICOs being banned there.
Which suggests Google is moving a bit slowly, but they’re at least ahead of Amazon which is not moving at all as far as this space is concerned.