Google Cloud Strengthens Flare Blockchain as Infrastructure Provider and Validator Jan 16, 2024 Jan 16, 2024 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJanuary 16, 2024 by Kelly Cromley

Google Cloud Strengthens Flare Blockchain as Infrastructure Provider and Validator

In a strategic move, Google Cloud has formed a partnership with Flare, a leading blockchain for data, to serve as an integral infrastructure provider. This collaboration positions Google Cloud as a network validator, actively participating in the proof-of-stake consensus process and contributing to the Flare Time Series Oracle (FTSO) on the Flare network. The primary objective is to bolster the security of the Flare blockchain while ensuring publicly accessible pricing data through FTSO.

 

Google Cloud as a Network Validator:

Google Cloud, alongside one hundred other companies, has assumed the role of a validator for the Flare Time Series Oracle (FTSO) on Flare. As validators, their responsibility lies in actively participating in the proof-of-stake consensus process, proposing, and validating new blocks. This crucial function enhances the overall security of the Flare network, while simultaneously providing essential pricing data to the FTSO.

 

Critical Role in Network Security:

The collaboration with Google Cloud and other validators is pivotal for securing the Flare network, aligning with Flare’s commitment to decentralized apps having superior access to decentralized data. The infrastructure providers, including Google Cloud, play a vital role in achieving Flare’s objective of delivering a decentralized smart contract platform with decentralized data at its core.

 

Decentralized Data Access and Low-Cost Smart Contracts:

Flare distinguishes itself by combining low-cost Ethereum Virtual Machine (EVM) smart contracts with decentralized data, facilitating trustless access to a diverse range of data. This unique approach enhances the utility and accessibility of blockchain technology, paving the way for innovative applications that leverage decentralized data.

 

Google Cloud’s Alignment with Flare’s Vision:

The partnership with Google Cloud seamlessly aligns with Flare’s broader vision of establishing a decentralized smart contract platform rooted in decentralized data. By leveraging the expertise and infrastructure of Google Cloud, Flare aims to fortify its position as a leading blockchain for data, offering a robust and secure environment for developers and users alike.

 

Inclusion in Google for Startups Cloud Program:

In addition to the infrastructure partnership, Flare has become a participant in the Google for Startups Cloud Program. This strategic move provides Flare with valuable access to partners and technical support, enhancing the development ecosystem for Flare developers. The inclusion in this program underscores Flare’s commitment to supporting Web3 businesses and fostering a collaborative environment for blockchain innovation.

 

Conclusion:

The collaboration between Google Cloud and Flare, with Google Cloud serving as an infrastructure provider and validator, signifies a significant step towards fortifying the security and decentralization of the Flare blockchain. This partnership not only ensures a robust foundation for blockchain applications but also expands the horizon for decentralized data access. With Flare’s participation in the Google for Startups Cloud Program, the stage is set for further advancement in Web3 businesses and sustained support for developers in the evolving blockchain landscape.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.