In a major partnership underscoring the ongoing blockchain adoption by technology titans, Google’s cloud computing division has allied with Flare, an emerging blockchain network focused on decentralized data transmission. Under this new collaboration, Google Cloud will take on dual responsibilities within the Flare ecosystem as both a validator securing the network and an infrastructure provider supplying external data to Flare’s Oracle system.
Google Cloud joins approximately 100 other organizations assuming these combined, critical duties. As a validator, Google will assist in validating Flare’s transactions and bolstering the overall network’s security. Additionally, by leveraging its vast data capabilities as an Oracle infrastructure provider, Google Cloud will feed high-quality, real-world data into Flare’s blockchain.
🤝 @GoogleCloud joins Flare as an infrastructure provider.
This is not just any partnership – Google Cloud is now our validator and also a contributor for the Flare Time Series Oracle (FTSO).
This is groundbreaking. 🧵 https://t.co/MEFSlKbI4J
— Flare ☀️ (@FlareNetworks) January 16, 2024
Flare Oracles serve as integral connectors between the Flare network and external data sources, enabling Flare’s smart contracts to execute based on real-world inputs and outputs. Through integrating valuable Google Cloud data, Flare can further empower developers building decentralized applications with the information necessary to drive utility and adoption.
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This alliance highlights Flare’s ongoing progress toward becoming a premier blockchain for decentralized finance and data transmission. Additionally, it signifies the growing blockchain adoption efforts made by major corporate leaders like Google.
Flare’s native token, FLR, with a market capitalization nearing $550 million, jumped over 4% following the partnership announcement. This positive market reaction demonstrates the promise behind Flare joining forces with the robust data and infrastructure capabilities of Google Cloud. Currently trading around $0.018, FLR continues to build value based on Flare’s potential, underscored by alliances with industry giants like Google.
Raksha, a seasoned journalist, specializes in crafting insightful narratives on blockchain and AI developments. With a keen eye for innovation, she distills complex topics into accessible stories, providing readers with a clear understanding of the dynamic intersection between these transformative technologies.
