Google to include distributed ledger solutions on cloud marketplace

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Google is looking to get deeper into the FinTech and cloud service solutions realms using the blockchain. The company announced last Monday that it has signed partnerships with two businesses focusing on the blockchain to provide distributed ledger technology (DLT) solutions on its Cloud Platform (GCP). This will allow users to “explore ways [customers] might use distributed ledger technology frameworks.”

One of the companies in the newly formed partnership, Digital Asset, supplies distributed ledger software to the FinTech industry. The other, BlockApps, has created a blockchain platform used for launching decentralized apps (DApps).

According to Blythe Masters, CEO of Digital Asset, the new offering can “reduce the technical barriers to DLT application development.” Google Cloud also joined Digital Asset’s private developer beta program, which offers a few technology partners, financial services companies and software vendors the ability to access the company’s Digital Asset Modeling Language, a language specifically designed for smart contracts.

Google further indicated in its statement, titled “Building a better cloud with our partners at Next ’18,” that customers will have the opportunity to test open-source applications for both Hyperledger Fabric and Ethereum protocols in its marketplace before the end of this year. Google’s Cloud Next ’18 conference is being held in San Francisco.

The statement reads, in part, “As we approach our third annual Next conference, we’ve seen amazing progress in our partner ecosystem. Since the start of 2017, we’ve increased the number of technology partners by 10x and we’ve more than doubled our team supporting these partners. Channel partners are also an integral part of our go-to-market strategy, and we’re delighted with the joint success we’re achieving. In the last year we’ve signed new and expanded partnerships with Accenture, Deloitte, KPMG and many, many more. These partnerships are already having a positive impact on our customers, who can use Google Cloud through their existing partner relationships and generally get the benefits of cloud more easily.”

There has been a bigger push among tech giants recently to introduce blockchain-as-a-service applications. IBM and Microsoft have already joined the community and Oracle Amazon Web Services introduced a DApp platform this past April.