Flare Network has announced a significant move to strengthen access to decentralized data with Google joining the network as a validator and infrastructure provider. As the news broke Flare’s utility token jumped 8%.
In a strategic move towards enhancing decentralized data access and fortifying its blockchain ecosystem, Flare, the blockchain for data, has officially welcomed Google Cloud as its newest infrastructure provider.
The collaboration encompasses Google Cloud’s dual role as a network validator and contributor to the Flare Time Series Oracle (FTSO) on the Flare network. The collaboration reinforces Flare’s commitment to expanding the utility of blockchain and enabling developers to build use cases that drive widespread blockchain adoption.
Google Cloud playing a role in validation
As a network validator, Google Cloud will play a pivotal role in proposing and validating new blocks on the Flare blockchain, supporting the chain’s proof-of-stake consensus mechanism.
Joining a select group of 100 organizations, Google Cloud will contribute to the FTSO, a crucial element in Flare’s highly-decentralized price oracle. The FTSO aggregates publicly available pricing data, ensuring the security and reliability of the Flare network.
The integration of Google Cloud as an infrastructure provider holds strategic importance in fulfilling Flare’s mission of providing decentralized applications on Flare and other chains. This includes price and time series data, blockchain event and state data, and Web2 API data.
Hugo Philion, Co-Founder and CEO of Flare, expressed enthusiasm about Google Cloud’s addition, stating, “As the blockchain for data, we are excited that Google Cloud is joining our existing decentralized network of infrastructure providers who contribute to Flare. Our work together will help deliver a more robust decentralized smart contract platform that places decentralized data at its core.”
In an official blog Philion highlighted the challenges in decentralizing data access within the blockchain space. He explained, “Because Flare’s oracles are built into the structure of the network, we are the only smart contract platform optimized for decentralized data acquisition and are able to give developers all the data they need to build new, more relevant use cases beyond financial speculation.”
James Tromans, Head of Web3 at Google Cloud, echoed the importance of data access at scale in advancing blockchain use cases. He stated, “Data access at scale is important to increase relevant blockchain use cases and greater global adoption of the technology. Google Cloud becoming a validator on the Flare network will help support that mission.”
In addition to this collaboration, Flare has also become part of the Google for Startups Cloud Program, designed to accelerate the growth of Web3 startups.
This move provides developers on the Flare network with access to financial and technical support from Google Cloud and its partners, further solidifying the partnership’s commitment to fostering innovation in the Web3 space.
