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GOOGLE CLOUD LAUNCHES BLOCKCHAIN PRODUCTS TEAM

 


The software giant Google has repeatedly come into contact with cryptocurrencies in the past. There were some bans, but there were also attempts to see opportunities in the new technology. Now Google Cloud should focus more clearly on the decentralized area of ​​​​blockchain systems.


Google is currently the third largest cloud in the world with a market share of 9%. Microsoft comes second with 20%. Amazon dominates the global cloud market with 32%. When comparing the market shares, it becomes apparent what potential Google Cloud still has. In recent years, growth has already been observed at Google Cloud and a loss of market share at Amazon.


Now Google Cloud wants to push more into the blockchain area and build an infrastructure. Therefore, a new team has now been created to focus on digital assets. This team should focus on the development of products in the decentralized blockchain area.


The decentralized cloud

A decentralized cloud solution is not uncommon. Decentralized cryptocurrencies have been used for cloud applications for more than 5 years. Above all , Filecoin and Sia dominate the current decentralized cloud market - at least in the crypto world.



Now Google wants to conquer this market for itself. The connection between central and decentralized cloud storage is an essential building block. Although Google centralizes the data that is stored on the cloud, Google's data is not all stored in one place. Because if there are problems with the recovery, the data can be made available in a decentralized way, even in the event of a failure.


Blockchain as a decentralized cloud

Clouds that are controlled too centrally always have a problem: data loss is possible due to an error. With decentralized systems such as blockchain networks, this cloud application is not only encrypted, but also automatically stored with most of the network's technical supporters (miners).



The blockchain technology for the Google Cloud not only offers better decentralized security, but also simpler administration at multiple locations thanks to innovative data storage. Encryption ensures a completely new security standard. Does Google Cloud Seem So Slow To Realize The Benefits Of Blockchain Technology?

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