Google Cloud Has Partnered with Blockchain Platform Cypherium

  • The new partnership will allow Google’s Cloud customers to have access to Cypherium’s blockchain platform.
  • The platform uses a hybrid design that features a joint Proof-of-Work (PoW) and HotStuff consensus mechanism, also adopted by Facebook’s Libra.
Google Cloud Has Partnered with Blockchain Platform Cypherium

Enterprise blockchain platform Cypherium has entered into a partnership with Google’s Cloud wing, according to a press release shared with crypto news outlet Cointelegraph.

According to its team, Cypherium is an enterprise-focused blockchain platform, which is aimed at scalability and decentralization. Thanks to the new partnership, Google’s Cloud customers will now have access to Cypherium’s blockchain platform, which, according to the press release, not only provides confidentiality and blockchain interoperability, but also supports thousands of transactions per second. Sky Guo, Co-Founder and CEO of Cypherium, said in the press release:

“We’re delighted to be collaborating with Google Cloud to provide enterprises with a full-stack solution to harness the potential of this paradigm-shifting technology. The growing demand in the market for DLT solutions in the financial industry and beyond drives our commitment to this collaboration.”

Cypherium’s website also states that it uses a Turing-complete virtual machine for its smart contracts, which is written in Java, the worlds most popular programming language. By using Java for its smart contracts, Cypherium aims to “lower the barrier to blockchain adoption for existing enterprise”. The platform also uses a hybrid design that features a joint Proof-of-Work (PoW) and HotStuff consensus mechanism, which has also been adopted by Facebook’s Libra.

Cypherium has also entered into a number of other partnerships, such as the one with Amazon Web Services, where it looks to provide Blockchain-as-a-Service for enterprise customers. IBM Cloud is also aiming to benefit from Cypherium’s increased scalability in a blockchain solution.

Discussion
Related Coverage
Google Cloud Launches Blockchain Node-Hosting Service
  • The “Blockchain Node Engine” was designed to be a fully managed service that would help Web3 developers build and deploy new products for the blockchain.
  • It features a number of security features, such as Google’s Cloud Armor that helps prevent DDos attacks from slowing down a network.
October 27, 2022, 4:58 PM
google cloud

Google Cloud sign displayed in front of their headquarters in Silicon Valley, California, USA, July 2019. Sundry Photography/Shutterstock

Google Cloud to Accept Crypto Payments Through Coinbase Partnership
  • Google Cloud will enable crypto payments early next year, though the feature will initially be available only to a select group of customers already active in web3.
  • As part of the deal, Coinbase has agreed to move some of its data-related applications from Amazon Web Services to Google Cloud.
Google Cloud Partners With Dapper Labs to Develop Flow Blockchain
  • The multi-year partnership will see Google will act as a network operator for the Flow blockchain.
  • Developers will able to connect to Flow access nodes at lower latency through Google’s cloud services.