Google Cloud gets into web3 act with managed blockchain node service • TechCrunch
Five years ago it was the blockchain prosperity in the enterpriseOr, we think, a lot of companies. At the time, companies like SAP and IBM were trying to build blockchain practices, but while the technology seemed good for solving myriad problems in the enterprise, it didn’t really take off.
Fast forward to 2022 and blockchain comes under a new look web3 name as a comprehensive term and Lots of venture capital money behind. So perhaps it should come as no surprise that cloud platform companies want to get into this business.
To this end, Google Cloud today announced that it is launching the Blockchain Node Engine, which serves as a “fully managed node hosting for web 3 development.” Earlier this year, the company announced that it was launching a new team Dedicated to digital assetsThis tool is part of the work of this team.
In a blog post announcing the new service from Amit Zafri, General Manager and Vice President of Engineering and Platform, and James Trumans, Director of Cloud 3 Web, the two write that blockchain nodes must work hard, constantly exchanging the latest blockchain data, so that all nodes can stay in sync. It is a data and resource intensive process.
Google Cloud hopes to make it easier by offering a managed service to handle node creation, while also providing a secure development environment in a fully managed product. From Google’s perspective, it’s a lot easier to let them do the heavy lifting while you focus on building your 3 web app.
In the words of the pair, “While self-managed nodes are often difficult to deploy and require continuous management, the Blockchain Node Engine is a fully managed node hosting service that reduces the need for node operations. Web3 companies that require dedicated nodes can migrate transactions and publish Smart contracts and reading or writing blockchain data with the reliability, performance, and security they expect from Google Cloud computing and network infrastructure,” they wrote in the post.
These are nuts and bolts, helping companies set up a node on supported blockchains and then manage it for the user, so you don’t have to worry about all the administrative expenses involved. For starters, the company will support the Ethereum blockchain, so developers who publish nodes on Ethereum can do so themselves or pay Google to do much of that work for them. Presumably, there will be other supported blockchains in the future.
While it may sound like a pure crypto game, Trumans says the service is ultimately neutral and developers can build anything they want. “We are building foundations to help developers innovate more quickly. Accordingly, the Blockchain Node Engine focuses on [multiple] Use cases for developers: developing smart contracts, reading from and writing to the blockchain, etc. How different developers will rely on their fully managed and customized blockchain node engine infrastructure depends on their individual use cases,” Trumans told TechCrunch.
The product is available starting today in private preview.