• Wed, 21 Aug 2019, 12:26 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Google Makes Big Move into Blockchain with New Partnership

Google Blockchain.Black Blockchain Consultants/YouTube

Sun, 16 Jun 2019, 22:55 pm UTC

Search engine giant Google recently made it known that it was partnering up with a startup called Chainlink. This suggests that the tech company is making even bigger moves into the blockchain, which should be of no surprise. Based on what the startup was created to do, it would appear that Google is also taking an interest in putting data into the blockchain to help with BigQuery.

This announcement was made via Google blog post, though the company certainly did not put any frills on it. The content was as matter-of-fact as anything could be, treating the contract with Chainlink as something that is almost an afterthought. It does explain what the company intends to do with this new partnership, though.

“At a high level, Ethereum Dapps (i.e. smart contract applications) request data from Chainlink, which in turn retrieves data from a web service built with Google App Engine and BigQuery,” the post reads.

In terms of what Sergey Nazarov and Steve Ellis, the founders of Chainlink had in mind for the company, the pair noted a few key areas where they believe their startup could make a difference. As it turns out, it’s more of the same kinds of issues and solutions that blockchain is known for.

“We realized that a reliable oracle mechanism is a gating issue for the creation of most of the use cases that people are expecting from our space, and set out to solve this limitation of blockchain infrastructure with security, reliability, and easy consumption of the inputs/outputs needed by smart contracts to reach this new level of usefulness,” Nazarov explained.

“In this case, we are working with Google as someone who we’ve successfully made an on-chain data provider that can now securely interact with smart contracts that want to consume their high-quality data and/or various off-chain services. We’re trying to create the next generation of smart contracts that are able to go beyond tokenization, and will find their usefulness based on interactions with market events (DeFi), IoT events (Decentralized Insurance) and various other use cases.”

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • OrlanSilva
  • 2019.06.19 12:21:50
Comment deleted by user
  • 0
  • ·
  • 0
  • OrlanSilva
  • 2019.06.19 12:21:23
An interesting merge it is! This will bring a new wave of creators and entrepreneurs for sure. However, now that https://www.mintme.com/ has been launched, kickstarters have been provided with a solid ground to start from while evolving themselves on token trade.
  • 1
  • ·
  • 0
More
  • Bitcoin (BTC) $10,792.20 (-0.83%)
  • Ethereum (ETH) $196.95 (-2.56%)
  • XRP (XRP) $0.275100 (-2.26%)
  • Bitcoin Cash (BCH) $315.57 (-2.53%)
  • Litecoin (LTC) $75.29 (-2.16%)
  • Bitcoin (BTC) $10,792.20 (-0.83%)
Aug 20, 2019 (Tuesday)
14:02
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:14
HSBC inks agreement to tap Identitii’s blockchain-based information exchange platform ‘Overlay+’
11:59
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:29
Crypto Technicals: XRP/USD fails at 21-EMA, resumes weakness with 'Doji' formation
10:29
Israeli regulator seeks to expedite licensing procedures for fintech and blockchain firms
10:26
Crypto Technicals: Litecoin treads water below 200-DMA, bias bearish
09:26
bitFlyer teams up with Tpoint Japan to rollout bitcoin rewards program
09:03
Crypto exchange startup INX Limited eyes $129.5M IPO, marking the first SEC-registered security token sale
08:00
New York court denies Bitfinex, Tether's lack of jurisdiction claim
07:16
Crypto Technicals: BTG/USD recovery lacks traction, weakness likely to continue
07:15
Ethereum Foundation launches Korean version of its website, announces large-scale translation program
06:39
Crypto exchange BitMEX to block users in from Seychelles, Hong Kong, Bermuda
06:35
Cybersecurity veteran David Damato joins crypto exchange Gemini
05:42
Deloitte unveils demonstrational platform for blockchain solutions
05:36
Crypto Technicals: ETH/USD consolidates break above 200H SMA, potential 'Golden Cross' raises scope for upside
04:36
Crypto custodian BitGo poaches new Chief Revenue Officer from rival Xapo
03:50
97% of South Korean crypto exchanges on the verge of bankruptcy; blockchain startups now want to go overseas: Report
03:41
Philippines' central bank approves 2 new cryptocurrency exchanges
03:38
Association of Cryptocurrency Enterprises and Startups, Singapore rolls out new Code of Practice
Aug 19, 2019 (Monday)
13:46
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft