Alejandro Arrieche
The BNB Chain and Google’s Cloud solution are partnering to offer startups a strong web3 infrastructure that allows them to innovate and build the next generation of decentralized applications (dApps).
According to a press release published by the Google Cloud team earlier today, early-stage crypto projects that have been relying on the BNB Chain to power their initiatives will now have access to Google’s cloud infrastructure and will also enjoy the firm’s “on-demand analysis of on-chain data and the encryption of data while it is being processed in real time”.
The BNB Chain will provide exclusive access to a handful of projects that are currently being built by using its blockchain to a special program called Google for Startups Cloud that provides some hand-holding to early-stage businesses that are seeking to grow their projects.
Some of the benefits that this group of entrepreneurs will enjoy include connecting with Google’s expert teams in fields such as artificial intelligence and machine learning. In addition, the beneficiaries will participate in workshops for web3 developers and they will join Google Cloud’s global customer community group.
“At BNB Chain, we have been focusing on identifying and supporting innovative Web3 builders, and now by collaborating with Google Cloud, we can help these builders access the open, secure, and carbon neutral cloud infrastructure that’s needed to strengthen and scale their businesses.”, commented Gwendolyn Regina, Investment Director for BNB Chain.
Meanwhile, James Tromans, the head of Web3 for Google Cloud, stated: “We look forward to collaborating with BNB Chain to provide Web3 builders with the cleanest cloud infrastructure on which to develop and scale their applications”.
What is the Web 3.0?
The so-called web 3.0 is the next frontier that should supposedly make the internet a decentralized, permissionless, and trustless environment that will allow users to maintain control over their data and even be compensated for the time they spent and the activities they engage in when browsing through the internet.
Blockchain technology is the backbone of web3 and cryptocurrencies are used to power this ecosystem. These tokens can be used as payment methods, governance tools, and investment vehicles.
In Web2, most companies rely on the infrastructure of third parties to power their respective initiatives. Cloud companies offer services such as data storage that allow businesses to scale their solutions and projects.
What web3 proposes is to decentralize how data is stored, transferred, and kept safe by creating networks of independent nodes that can ensure the proper functioning of these structures so corporations can rely on them to establish a presence and operate in the virtual realm.
More About Google’s Web3 Initiatives and the BNB Chain
This partnership appears to be the latest effort from Alphabet (GOOG), the parent company of the popular search engine, to set its foot in the up-and-coming web3 space. Earlier this year, the firm started to form a team that creates web3 tools that rely on the firm’s cloud infrastructure.
Currently, browsing through blockchain data remains a challenging endeavor for non-programmers. Applications built on the BNB Chain could soon get access to tools that facilitate the process of analyzing an application’s on-chain data to get insights on multiple aspects of the project.
The BNB Chain is one of the most popular infrastructure blockchains, currently powering more than 1,300 decentralized applications. This layer-one chain is used by developers to code smart contracts, create digital assets, and support the transfer of cryptocurrencies from one party to the other.
The chain is closely associated with the popular crypto exchange Binance but its operations are reportedly separated from those of the broker.
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This article was written for Business 2 Community by Alejandro Arrieche.
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