Google’s cloud division, Google Cloud, has joined the Flare blockchain as a validator and infrastructure provider.
Google Cloud will be one of 100 organizations to take on the combined role of securing the network as a validator and contributing to the Flare Time Series Oracle (FTSO), according to an announcement CoinDesk received on the 15th. .
Flair Network, which bills itself as “blockchain for data,” provides developers with access to decentralized data via oracle systems. Note that oracles are entities that connect networks to external systems, allowing smart contracts to be executed based on external inputs and outputs.
The market capitalization of FLR, the network’s native token, is approximately $550 million (approximately 79.75 billion yen, equivalent to 145 yen to the dollar), and the price is approximately $0.018. FLR soared more than 4% after news of the partnership with Google broke.
Flare Network’s infrastructure providers will be responsible for providing high-quality data to help developers build use cases for blockchain technology and accelerate its adoption.
This is a marquee partnership for Flare Networks, as few entities offer access to as much data as Google Cloud, and a reminder of the increasing adoption of blockchain at tech giants like Google. is.
｜Translation and editing: Rinan Hayashi
｜Image: Linda Parton/Shutterstock
｜Original text: Google Cloud Joins Flare Network as Validator, FLR Jumps 5%